Thursday, March 24, 2011

KLCI closes slightly higher in lacklustre trade

KUALA LUMPUR: Blue chips closed higher in lacklustre trade on Thursday, March 24, with the benchmark FBM KLCI extending gains for the fifth consecutive day, lifted by Genting Malaysia, AMMB, Gamuda and Maxis.

The FBM KLCI closed just 0.12% or 1.87 points higher to 1,513.84. Volume was 1.04 billion shares valued at RM1.58 billion.'' Gainers beat losers by 444 to 299, while 306 counters traded unchanged.

Key regional markets advanced while Japanese stocks pared down their losses as some of the factories began to re-open after the earthquake on March 11.'' South Korea's Kospi rose as automakers advanced, while other markets rose on bargain hunting for battered stocks.

Japan's Nikkei 225 closed 0.15% lower at 9,435.01 while the Shanghai Composite Index shed 0.06% to 2,946.71.'' Hong Kong's Hang Seng Index added 0.39% to 22,915.28, Taiwan's Taiex was up 0.37% to 8,576.40, South Korea's Kospi jumped 1.22% to 2,036.78 while Singapore's Straits Times Index gained 0.69% to 3,043.03.

At Bursa Malaysia, there was some nibbling of key stocks but volume was lacklustre. BAT rose 50 sen to RM47.90, Nestle 32 sen to RM47, Esso 28 sen to RM3.49 and LPI Capital 18 sen to RM13.68.

Genting Malaysia added seven sen to RM3.55, AMMB and Gamuda rose six sen each to RM6.36 and RM3.79, Maxis five sen to RM5.43 and Petronas Chemicals three sen to RM6.76.

APM jumped 34 sen to RM5.30, Nilai 24 sen to 84 sen, Cepco 22 sen to RM2.10, Jaya Tiasa 16 sen to RM5.70 and KYM 15 sen to RM2.30.

Hai-O, Parkson and HPI fell 10 sen each to RM2.17, RM5.44 and RM3.47 respectively. Affin, PPB and Lafarge fell eight sen each to RM3.42, RM17.02 and RM7.42 respectively and Sarawak PLANTATION []s seven sen to RM2.41.

Karambunai was the most active with 36.8 million shares done. The stock added half a sen to 22 sen.'' Other actives included Lion Corp, Mieco, Perisai, ManagePay Systems, Leweko, Silver Bird, Iris, Hubline and Axiata.

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