Tuesday, March 22, 2011

FBM KLCI claws back to close in the black

KUALA LUMPUR: The FBM KLCI clawed back to erase its losses and close marginally higher on Tuesday, March 22 in line with the gains at the key regional markets, as Japan's Nikkei 225 surged more than 4%.

BIMB Securities Research in a note March 22 said that despite the rising concern on the Middle East violence, key regional bourses continued its positive momentum today, thanks to receding nuclear crisis in Japan.

The FBM KLCI rose 0.01% or 0.22 of a point to 1,509.10, lifted by gains including at Sime Darby, CIMB, BAT, Gamuda and KLK.

Gainers led losers by 518 to 250, while 276 counters traded unchanged. Volume was 1.43 billion shares valued at RM1.69 billion.

At the regional markets, Japan's Nikkei 225 jumped 4.36% to 9,608.32, Hong Kong's Hang Seng Index added 0.76% to 22,857.90, the Shanghai Composite Index was up 0.34% to 2,919.14, Taiwan's Taiex rose 0.48% to 8,508.04, South Korea's Kospi up 0.51% to 2,013.66 while Singapore's Straits Times Index gained 0.64% to 3,002.75.

Among the major gainers, Sime Darby added nine sen to RM9.12, CIMB five sen to RM8.08, BAT up RM1.02 to RM47.12, Gamuda four sen to RM3.70 and KLK up 14 sen to RM20.86.

Other gainers included Ekovest that rose 37 sen to RM3.78, LPI Capital 30 sen to RM13.60, Nestle 28 sen to RM46.28, Integrax 17 sen to RM1.62, Sunway City 17 sen to RM4.42, Panasonic 16 sen to RM21 and Lysaght 13 sen to RM1.97.

Among decliners, MISC fell 34 sen to RM7.60, F&N 20 sen to RM15.60, DiGi 16 sen to RM27.50, Warisan 15 sen to RM2.13, AIRB 13 sen to RM1.70, Jaya Tiasa 11 sen to RM5.39, Shell, BLD PLANTATION []s and Ta Ann fell 10 sen each to RM10.70, RM5.20 and RM5.90 respectively, while Lafarge Malayan Cement lost nine sen to RM7.42.

Perisai was the most actively traded counter with 109.8 million shares done. The stock was up 6.5 sen to 74 sen.

Other actives included HWGB, SAAG, Borneo Oil, Olympia, Ramunia and DRB-Hicom.

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