Thursday, October 28, 2010

FBM KLCI claws back to close higher

KUALA LUMPUR: The FBM KLCI clawed back to close higher on Thursday, Oct 28, lifted by gains including at CIMB, DiGi, AMMB and KL Kepong, as cautious investor sentiment kept the index very much in the red for the better part of the day.

The index had slipped into red at midday as the inability of the index to hold above the 1,500-point level saw investors turning cautious.

However, by the close, the 30-stock index climbed 0.03% or 0.33 point to 1,499.44. Gainers trailed losers by 350 to 427 while 287 counters traded unchanged. Volume was 1.14 billion shares valued at RM1.64 billion.

At the regional markets, Hong Kong???s Hang Seng Index added 0.20% to 23,210.86, Taiwan???s Taiex rose 0.76% to 8,354.05, Singapore???s Straits Times Index gained 0.26% to 3,132.50 while Japan???s Nikkei 225 fell 0.225 to 9,366.03, the Shanghai Composite Index lost 0.15% to 2,992.58 and the South Korean Kospi shed 0.09% to 1,907.87.

At Bursa, among the gainers, F&N rose 40 sen to RM14.50, Kuchai added 27 sen to RM1.51, KFCH rose 23 sen to RM3.67, DiGi was up 20 sen to RM25.20, Kluang , PPB and Sungei Bagan added 18 sen each to RM2.98, RM19.18 and RM3.20 respectievly while JobStreet added 17 sen to RM2.60.

Meanwhile, AMMB rose 10 sen to RM6.29, KLK up six sen to RM19.56 and CIMB gained four sen to RM8.19.

Among the decliners today, BAT fell 40 sen to RM46.58, MTD lost 38 sen to RM6.07, Boustead down 22 sen to RM5.63, Supermax lost 17 sen to RM4.63, Masterskill lost 16 sen to RM2.85, Ann Joo fell 15 sen?? to RM2.85, while MPI fell 13 sen to RM5.69.

Rubber glove makers also declined, with Supermax Corp down 17 sen to RM4.63, Top Glove lost 15 sen to RM5.50, Kossan down eight sen to RM3.22, Hartalega down seven sen to RM5.44, Latexx Partners down six sen to RM2.98 while Rubberex shed half a sen to 88 sen.

Karambunai was the most actively traded counter today with 89.7 million shares traded. The stock added one sen to 23.5 sen. Other actives included SAAG, Ho Wah Genting, MK Land, Jadi, CIMB and Axiata.

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