Thursday, October 21, 2010

FBM KLCI closes in positive territory

KUALA LUMPUR: The FBM KLCI closed higher on Thursday, Oct 21, lifted by gains including at CIMB, Genting, KL Kepong and Gamuda.

At 5pm, the benchmark index closed 0.29% or 4.24 points higher at 1,491.02. Gainers led losers by 459 to 301m while 316 counters traded unchanged. Volume was 1.43 billion shares valued at RM1.85 billion.

The index had earlier in the day risen by more than nine points to its intra-day high of 1,495.84, but gave up some of its gains in line with the generally cautious sentiment across key regional markets after China released its third quarter economic data, showing the growth had slowed down.

China's economic growth slowed to 9.6% in the third quarter from a year earlier, down from 10.3% in the second quarter, while inflation rose in September to 3.6%, reaching a 23-month high.

On Bursa Malaysia, CIMB rose nine sen to RM7.98, Genting up eight sen to RM10.60, KLK added six sen to RM19.06, Gamuda up four sen to RM3.85 while IOI Corp gained two sen to RM5.80.

Chin Teck rose 22 sen to RM8.62, MTD rose 19 sen to RM5.79, S P Setia added 18 sen to RM4.95, BRDB, YTL and GAB rose 15 sen each to RM2.42, RM8 and RM8.71 respectively, while JT International added 10 sen to RM5.90.

The top loser was BAT, which fell 68 sen to RM47.32. Dutch Lady fell 16 sen to RM18.30, CBIP down 11 sen to RM3.34, Shell and Warisan slipped 10 sen each to RM10.70 and RM2.42, whiel K-Star Sporst, Glenealy, Far East and Masterskill lost eight sen each to 1.92, RM5.12, RM6.80 and RM3.23 respectively.

Karambunai was the most actively traded stock with 99.2 million shares done.'' The counter slipped one sen to 22.5 sen. Other actives included SAAG, Timecom, Compugates, Berjaya Corp and Maxis.


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