Friday, October 22, 2010

FBM KLCI stays in the black at mid-morning

KUALA LUMPUR: The FBM KLCI stayed in positive territory at mid-morning on Friday, Oct 22, in line with the generally positive but cautious sentiment at regional markets following the higher overnight close at Wall Street.

Asian markets were also encouraged by the lower unemployment claims data released by the US Labour Department as well as firmer corporate earnings in the US.

At 10am Friday, the FBM KLCI was up 3.11 points to 1,494.13. Gainers led losers by 228 to 173 while 267 counters traded unchanged. Volume was 254.75 million valued at RM204.18 million.

MTD Capital was the top gainer at mid-morning and was up 61 sen to RM6.40; Southern Acids added 19 sen to RM2.54, Quality Concrete up 11 sen to RM1.63, YTL Cement and Genting PLANTATION []s added 10 sen each to RM4.70 and RM8.40 respectively, Fima Corp, IJM Plantations and Axiata rose nine sen each to RM5.55, RM2.77 and RM4.50 respectively, while AirAsia was up eight sen to RM2.66.

Among the losers, Subur Tiasa and Batu Kawan fell 22 sen each to RM2.01 and RM15.28 respectively, JT International down 18 sen to RM5.72, Ibraco fell 13 sen to 96 sen, Bintulu Port lost 11 sen to RM6.65, BHIC and KLK down 10 sen each to RM4.49 and RM18.96 respectively, PacificMas fell seven sen to RM4.42 while Amway and Hong Leong Bank lost five sen each to RM8.10 and RM9.15 respectively.

Karambunai was the most actively trade counter Friday morning. The stock fell one sen to 21.5 sen with 22.11 million shares done.

Other actives included Ariantec Global, Daya, MLabs, Tiger Synergy and Kencana.

At the regional markets, Japan's Nikkei 225 added 0.37% to 9,410.71, the South Korean Kospi gained 0.83% to 1,890.32, Taiwan's Taiex gained 0.21% to 8,148.32 while the Shanghai Composite Index slipped 0.41% to 2,971.42, Singapore's Straits Times Index down 0.10% to 3,160.45 and Hong Kong's Hang Seng Index opened 0.1% lower at 23,625.89.


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