Tuesday, October 19, 2010

Gains limited on Bursa Malaysia

KUALA LUMPUR:'' The FBM KLCI pared some of its earlier gains but stayed in positive territory at midday on Tuesday, Oct 19, lifted by key blue chips including RHB Capital, Genting, Public Bank and Maybank.

At 12.30pm, the 30-stock index was up 0.18% or 2.64 points to 1,483.34. Gainers edged losers by 348 to 322, while 299 counters traded unchanged.

Crude palm oil futures for the third month delivery rose RM24 per tonne to RM2,913; the ringgit weakened 0.36% to 3.1090 versus the US dollar, crude oil fell 40 cents per barrel to US$82.68 while gold lost US$1.45 per ounce to US$1,367.

Hang Seng Index +0.51% 23,587.92 Nikkei 225 +0.25% 9,521.83 Straits Times Index +0.08% 3,183.81 Shanghai Composite Index -0.30% 2,946.36 South Korean Kospi Index -0.23% 1,871.17 Taiwan's Taiex -0.15% 8,048.71 ''

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Trading on Bursa Malaysia kicked off this morning on a firmer note after the higher overnight close at Wall Street, but some mild profit taking emerged later in the morning as the FBM KLCI began to pare down some of its gains.

The top gainer this morning was Batu Kawan that added 50 sen to RM16.08; RHB Capital rose 27 sen to RM8.01, Fima Corp rose 21 sen to RM5.33, Riverview added 18 sen to RM3, Top Glove gained 13 sen to RM5.62, Supermax and Masterskill rose 12 sen each to RM4.63 and RM3.30, while Ho Hup added 11.5 sen to 67 sen.

Genting was up 10 sen to RM10.20, Public Bank rose six sen to RM12.64, Maybank and IOI Corp added three sen each to RM8.88 and RM5.78, while KL Kepong added two sen to RM18.96.

Topping the decliners was Nestle that fell 36 sen to RM44.24; Perstima and QSR Brands fell 15 sen each to RM4.85 and RM4.95, Tahps fell 13 sen to RM4.45 while Tasek, K-Star Sports, DiGi and Aeon fell 10 sen each to RM6.50, RM1.98, RM24.42 and RM5.70, respectively.

Karambunai was the most actively traded counter with 183.4 million shares done. The stock added one sen to 24 sen. Other actives included Hubline, PLUS, Timecom, Land & General, and Equine.




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