Friday, October 8, 2010

FBM KLCI hits fresh high in early trade

KUALA LUMPUR: The FBM KLCI rose to a fresh high in early trade on Friday, Oct 8 lifted by gains including at Genting, Axiata and KL Kepong.

The index rose 0.77 points to 1,482.22 at 9.05am.

Among the early gainers, CYL Corp added 13.5 sen to 64 sen; Jerneh rose nine sen to RM2.98, Aliran Ihsan Resources and Genting gained six sen each to RM1.97 and RM10.26 respectively. KPJ, Dialog and IJM Land added five sen each to RM3.60, RM1.21 and RM2.66 respectively, while Axiata and KLK rose four sen each to RM4.54 and RM13.44 respectively.

Mudajaya was the top loser in early trade after it was cautioned by the Securities Commission on Thursday in relation to the company's disclosures about its investments in the independent power plant (IPP) project in India which were made prior to Aug 30, 2010, as the SC viewed these disclosures were inadequate.

Mudajaya fell 26 sen to RM4.35.

Meanwhile, Proton which announced a recall of its Gen.2 and Satria Neo models manufactured between 2004 and 2008 because of a potential'' concerns over a clock spring malfunction also fell this morning by three sen to RM4.88.

Other decliners included Maybulk, IOI Corp, SEG International, Maxis, Berjaya Sports Toto and LPI Capital.


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