Monday, October 4, 2010

FBM KLCI breaches 1,470 level

KUALA LUMPUR: The FBM KLCI advanced on Monday, Oct 4 on the back of last Friday's higher close at Wall Street and the encouraging manufacturing data from China.

The 30-stock local index was also given a boost by gains at banking stocks.

At 10am, the FBM KLCI rose 6.35 points to 1,472.67. Gainers beat losers by 304 to 149, while 200 counters traded unchanged. Volume was 306.15 million shares valued at RM268.12 million.

Among the banking stocks, RHB Capital rose 10 sen to RM7.35, Maybank added nine sen to RM8.90, CIMB up six sen to RM8.19, AMMB gained five sen to RM5.90 and Public Bank added two sen to RM12.58.

Glove makers advanced after CIMB Research on Oct 1 had maintained its overweight call on the sector and said the entire glove stocks under its coverage remained as outperforms.

Top Glove added 26 sen to RM5.61, Supermax was up 18 sen to RM4.21, Hartalega gained 16 sen to RM5.08 and Latexx was up 15 sen to RM2.85.

Other gainers were Nestle that rose 70 sen to RM42.70, Kulim up 30 sen to RM8.90, Ta Ann up 22 sen to RM4.90, United Malacca gained 18 sen to RM11.04 and MMC Corp up 14 sen to RM3.26.

The top loser at mid-morning was Chin Teck that fell 23 sen to RM8.16; DFZ Capital fell 19 sen sen to RM3.64, Esso down nine sen to RM2.66, Bintulu Port and AKN down eight sen each to RM6.60 and 5 sen, while JT International, Hong Leong Industries and Southern Steel fell five sen each to RM5.63, RM5.15 and RM2.35.

Equator was the most actively traded counter this morning with 15.5 million shares done. The stock added one sen to 8.5 sen.

Other actives included Time, Timecom, Karambunai, Scomi and JCY International.


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