Friday, March 4, 2011

KLCI charges ahead, up 21 points in early trade, KLK surges

KUALA LUMPUR: The stock market displayed one of its strongest performances in recent weeks since the all-time high in January, with the FBM KLCI surging more than 21 points on Friday, March 4.

The KLCI was up 21.73 points to 1,528.61, as sentiment perked up following the firmer overnight close on Wall Street.'' However, there could be some investors selling on rallies unless the Mid-east crisis is resolved and oil prices settle below US$100.

Turnover was 81.13 million shares valued at RM76.82 million. There were 304 gainers, 12 losers and 55 stocks unchanged.

PLANTATION []s led the advance, with KL Kepong surging RM1.48 to RM21.98, Kulim-WC 30 sen to 60.5 sen, PPB 24 sen to RM17.30, United Plantations 18 sen to RM17.48, Sime Darby 17 sen to RM9.25 and Rimbunan Sawit 14 sen to RM2.23.

DiGi rose 56 sen to RM27.66, BAT 40 sen to RM49.14 and Genting 16 sen to RM10.18.

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