Thursday, January 13, 2011

Construction, tobacco stocks top gainers list

KUALA LUMPUR: Selected CONSTRUCTION [] and tobacco stocks led the gainers list at the midday break on Thursday, Jan 13 while the broader market sentiment was firmer in line with the key regional markets on expectations the Europe debt crisis could be restrained.

At 12.30pm, the FBM KLCI was up 3.18 points to 1,569.67. Turnover was 1.63 billion shares valued at RM1.53 billion. There were 450 gainers, 327 losers and 304 stocks unchanged.

Among key regional markets, Japan's Nikkei 225 rose 0.65% to 10,581.32, Hang Seng Index added 0.5% to 24,247.22, Shanghai Composite Index unchanged at 2,821.48 and Singapore's Straits Times Index 0.2% higher at 3,251.40.

The ringgit was firmer against the US dollar at 3.0555 compared with the previous close of 3.0650. Crude palm oil futures rose RM45 to RM3,658 while light crude oil fell four cents to US$91.82.

At Bursa, tobacco stocks BAT added 62 sen to RM47.80 and JTI 31 sen to RM6.56. Construction-property stocks like Mudajaya added 21 sen to RM5.10, SunCity 15 sen to RM4.70 and IJM 14 sen to RM6.60.

Hap Seng Consolidated snapped its three-day losses to rebound 14 sen to RM6.30 as investors viewed the selldown as overdone following the nearly RM1.5 billion placement and rights issue plan.

Karambunai was the most active with 96.13 million shares done, adding 2.5 sen to 23.5 sen.

Among the index linked stocks, Axiata and Sime added five sen each to RM4.92 and RM9.35, TM four sen to RM3.70 while among banks, Hong Leong Bank rose 10 sen to RM9.50, AMMB added eight sen to RM7.02 and Public Bank two to RM13.48.

Faber fell the most, down 30 sen to RM2.33 after its two contracts in Abu Dhabi were not renewed.

Masterskill lost 14 sen to RM2.20 after FMR LLC and FIL Ltd sold more shares.

The funds disposed of 2.42 million shares on Jan 6 and 1.33 million shares the next day, reducing its shareholding to 29.74 million shares or 7.26%.

Among oil and gas players, Sapuracrest fell 20 sen to RM3.58 on profit taking while Uzma and Kencana shed nine sen each to RM2 and RM2.77.


No comments:

Post a Comment