Monday, January 3, 2011

FBM KLCI just one point within all-time high

KUALA LUMPUR: The FBM KLCI rose to within one point of its all-time high at the mid-day break on Monday, Jan 3 -- the first trading day of 2011 -- lifted by gains inc key blue chips, while PLANTATION [] stocks advanced on firmer crude palm oil (CPO) prices.

Key Asian markets, except for Japan, China and Australian markets which were closed for the New Year holidays, also advanced.

At 12.30pm, the 30-stock FBM KLCI was up 0.76% or 11.51 points to 1,530.42, as blue chips including CIMB, Maybank, the Genting group and plantation counters advanced.

The FBM KLCI closed at its all-time high of 1,528.01 on Nov 10 last year; on that day it had risen to its intra-day high of 1,531.99.

Market breadth was positive with 521 gainers and 198 losers, while 243 counters traded unchanged. Volume was 888.17 million shares valued at RM961.74 million shares.

The ringgit was little changed against the US dollar at 3.0635; crude palm oil futures for the third month delivery rose RM51 to RM3,819, crude oil added 32 cents per barrel to US$91.70 while gold slipped US$4.03 per troy ounce to US$1,416.75.

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Hang Seng Index +1.45% 23,368.92 Singapore's Straits Timex Index +1.18% 3,227.70 South Korea's Kospi Index +0.79% 2,067.29 Taiwan's Taiex +0.56% 9,022.99 ''

On Bursa Malaysia, among index-linked stocks, CIMB was up seven sen to RM8.57, Genting six sen to RM11.24, Maybank five sen to RM8.55 and Sime four sen to RM8.84.

BAT was the top gainer, up RM1.06 to RM46.06; DiGi gained 54 sen to RM25.14 and LPI Capital 28 sen to RM13.46.

Among plantations, KLK rose 26 sen to RM22.36, Hap Seng Plantations 22 sen to RM3.57 and Genting Plantations 15 sen to RM8.95.

F&N and UMW rose 26 sen each to RM15.26 and RM7.28.

Shares of IJM Land, IJM Corp and MRCB were off their early lows when they resumed trading after announcing the IJM Land-MRCB merger was off last Thursday.

IJM Land fell 10 sen to RM2.76 and IJM Land warrants nine sen to RM1.52 after the proposed merger between IJM Land and MRCB failing to materialise.'' IJM Corp fell four sen to RM6.19 but MRCB gained one sen to RM2.

Talam, which announced losses in the quarter ended Oct 31, 2011 was the most active with 70.1 million shares done. It added half a sen to 9 sen. Other actives included Borneo Oil, SAAG, Tejari, Ramunia, Timecom, Time and IRCB.

Decliners included Cepco, down 44 sen to RM2.26, MAHB 18 sen to RM6.10, JobStreet fell 17 sen to RM2.81.


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