Wednesday, February 9, 2011

KLCI advances in early trade

KUALA LUMPUR: The FBMKLCI advanced in early trade on Wednesday, Feb 9, propped by gains in DiGi'' and PPB while the broader market was higher as blue chips extended their recovery. However, concerns about China's move to raise interest rates could hold gains in check.

At 9.14am, the FBM KLCI was up 1.17 points to 1,540.72. Turnover was 198.06 million shares valued at RM118.26 million. There were 160 gainers, 104 losers and 166 stocks unchanged.

Hwang DBS Vickers Research said the slow and steady recovery process on Bursa Malaysia was expected to persist as the benchmark FBM KLCI makes its way towards the immediate resistance threshold of 1,550.

MTD rose 32 sen to a fresh high of RM11.02 with 30,900 shares done. DIGi added 24 sen to RM25.74 with 100 stocks done while PPB added 18 sen to RM17.08.

Dayang climbed 13 sen to RM2.43, Batu Kawan 12 sen to RM16.98 and Proton nine sen to RM4.59.

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