Thursday, January 6, 2011

Fourth straight day of record highs for FBM KLCI

KUALA LUMPUR: The FBM KLCI clawed back to recover lost ground and closed at a fresh record high of 1,568.37 after slipping into negative territory on Thursday, Jan 6.

The FBM KLCI added 2.20 points to 1,568.37, lifted by gains in index-linked stocks including Sime Darby, Public Bank, Digi and Gamuda.'' PLANTATION [] and glove-makers also advanced. The index had earlier climbed to an intra-day fresh high of 1,576 in the morning before some mild profit taking capped the gains.

Advancers led decliners by 570 to 295, while 284 counters traded unchanged. Volume was 2.20 billion shares valued at RM3.14 billion.

At the regional markets, Japan's Nikkei 225 jumped 1.44% to 10,529.76, Hong Kong's Hang Seng Index added 0.12% to 23,786.30, Taiwan's Taiex rose 0.42% to 8,883/21, Singapore's Straits Times Index gained 0.78% to 3,279.70 while the Shanghai Composite Index lost 0.51% to 2,824.20 and South Korea's Kospi fell 0.24% to 2,077.61.

Among the gainers on Bursa Malaysia, Sime Darby rose two sen to RM9.40, Public Bank added four sen to RM13.46, DiGi up 10 sen to RM25, Gamuda rose 13 sen to RM4.20 while Petronas Chemicals added 12 sen to RM5.29.

Plantation-related stocks also advance, with Kulim up 46 sen to RM13.70, CBIP 29 sen to RM4.49, Batu Kawam 26 sen to RM 17.22, Hap Seng 23 sen to RM7.36 and Boustead 21 sen to RM5.67.

Other gainers included UEM Land, Affin, Masterskill while glove makers Supermax and Top Glove also advanced.

Newly-listed China-based sports shoe manufacturer Maxwell International was among the actively traded counters with 29.1 million shares done. The stock added 2.5 sen to 56.5 sen.

SAAG was the most actively traded counter with 109.2 million shares done. The stock rose half a sen to 9 sen.'' Other actives included Ramunia, Scomi, Petronas Chemicals, Time, Hubline and Olympia.

Decliners included CIMB, RHB Capital, Bintulu Port, United Plantations, AMMB, Nomad, Ekovest and PacificMas.

Meanwhile, trading in Maybank shares, which was halted from 9am-5pm, will resume at 9am on Friday, Jan 7.

The lender is acquiring a strategic 44.6% stake in Kim Eng Holdings Ltd at S$3.10 per share, amounting to S$798 million (RM1.9 billion) with a view to take over the Singapore'based broking firm.

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