Monday, October 11, 2010

FBM KLCI rises in tandem with regional markets

KUALA LUMPUR: The FBM KLCI advanced on Monday, Oct 11 in line with the gains at key regional markets following the higher closing at Wall Street last Friday, where the Dow Jones Industrial Average closed above the psychological important 11,000 mark.

At 10am, the FBM KLCI was up 5.50 points to 1,486.91, lifted by gains including at Genting, KL Kepong, Public Bank and CIMB. Gainers led losers by 278 to 118, while 241 counters traded unchanged. Volume was 212.8 million shares valued at RM251.1 million.

At the regional markets, the Shanghai Composite Index jumped 1.75% to 2,786.58, Singapore's Straits Times Index added 0.48% to 3,168.40, the South Korean Kospi was up 0.21% to 1,901.02, Taiwan's Taiex edged up 0.1% to 8,244.61 while Hong Kong's Hang Seng Index opened 1.1% higher at 23,200.74. Japanese markets are closed for a national holiday.

On Bursa Malaysia, Dutch Lady was the top gainer at mid-morning, up 72 sen to RM17.48. Genting rose 20 sen to RM10.46, United Malacca added 16 sen to RM10.86, Top Glove was up 15 sen to RM5.54, KL Kepong and Goucoland added 14 sen each to RM17.54 and RM1.12 respectively, Masterskill up 13 sen to RM3.31 while Public Bank and CIMB gained four sen each to RM12.62 and RM8.21 respectively.

Tanjung Offshore was the top loser and fell 16 sen to RM1.60. Guinness Anchor lost seven sen to RM8.38, Latitude fell six sen to RM1.66, MMC Corp slipped four sen to RM3.05 while Hua Yang shed 3.5 sen to 98.5 sen.

Ho Wah Genting was the most actively traded counter with 11.85 million shares done. The stock added 1.5 sen to 24 sen. Other actives included Malton, Muhibbah, Karambunai, PLUS and Kumpulan Europlus.


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