Tuesday, October 5, 2010

DiGi rebounds, lifts FBM KLCI

KUALA LUMPUR:'' The FBM KLCI rebounded strongly on Tuesday, Oct 5, boosted by gains in DiGi.com, BAT and Hong Leong Financial Group while key regional markets were mixed.

At 10am, the FBM KLCI was up 8.04 points to 1,470.31. Volume was 234.99 million shares valued at RM243.46 million.'' Gainers, however, trailed losers by 162 to 221, while 226 counters were traded unchanged.

At the regional markets, Japan's Nikkei 225 pared down its losses and was up 0.02% to 9,382.59; but the other markets did not fare too well in light of the overnight slip at Wall Street.

Taiwan's Taiex fell 0.73% to 8,186.06, the South Korean Kospi Index fell 0.40% to 1,871.70, the Singapore Straits Times Index lost 0.30% to 3,148.05 while the Hong Kong Hang Seng Index opened 0.2% lower at 22,564.60.

China's stock markets are closed for a national holiday.

At Bursa Malaysia, DiGi was the top gainer , recouping much of its losses from a day earlier when it fell sharply in the absence of any negative news.

DiGi was up RM3.26 to RM24.26; Glenealy added 33 sen to RM5.25, Nestle and MTD added 30 sen each to RM42.50 and RM5.50 while Asia File gained 24 sen to RM4.80.

HLFG rose 22 sen to RM9.10, BAT up 20 sen to RM47.70, Lion Forest Industries added 15 sen to RM2.24 and Hong Leong Bank gained 12 sen to RM9.15.

Malaysian Genomics Resource Centre made its debut on the ACE Market but gave up most of the early gains, adding up two sen to RM1.10 with 4.59 million shares done.

Among the decliners, Uzma and Boustead fell nine sen each to RM1.44 and RM5.16; Hua Yang down eight sen to RM1.1, IRM Group and C.I. Holdings fell six sen each to 41 sen and RM3.64, while Mamee and CMSB fell five sen each to RM3.50 and RM2.89.

Meanwhile, JTI International fell seven sen to RM5.61 after OSK Research downgraded the stock to a neutral from buy previously and cut its target price to RM5.68 from RM5.96.

Among the actively traded stocks this morning were Oilcorp, UEM Land, SAAG and Hua Yang.


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