Monday, April 25, 2011

FBM KLCI edges higher at close

KUALA LUMPUR: The FBM KLCI closed 0.09% or 1.30 points higher on Monday, April 25 at 1,524.05, lifted by gains including at Genting, KLK, IOI Corp, DiGi and YTL Corp.

Market breadth, however, was negative with losers leading gainers by 441 to 313, while 320 counters traded unchanged. Volume was 1.04 billion shares valued at RM1.03 billion.

At the regional markets, the Shanghai Composite Index slumped on a combination of rising crude oil prices and concerns of further policy tightening.

Meanwhile, Japan's Nikkei 225 edged down in thin trade on Monday before a slew of corporate earnings reports and a closely watched US Federal Reserve meeting this week, according to Reuters.

The Hong Kong stock markets, as with most key European exchanges, were closed on Monday. Meanwhile, Australia's stock exchange will remain closed until Tuesday, April in lieu of an additional public holiday after the Easter weekend and Anzac Day holiday today.

The Shanghai Composite Index lost 1.51% to 2,964.95, Japan's Nikkei edged down 0.11% to 9,671.96, Taiwan's Taiex fell 0.21% to 8,950.75, and Singapore's Straits Times Index was down 0.22% to 3,187.72.

Meanwhile, South Korea's Kospi rose 0.83% to 2,216.00.

Among the gainers today, Warisan rose 27 sen to RM2.65, F&N and KYM added 20 sen each to RM16.80 and RM2.29, Press Metal 19 sen to 2.69, DiGi and Nestle added 18 sen each to RM29 and RM48.18, Kuchai and YTL Corp 17 sen each to RM1.42 and RM7.99, while PCI was up 16 sen to RM1.98.

Genting rose eight sen to RM11.58, KLK and Public Bank added four sen each to RM20.88 and RM13.06, PPB up 10 sen to RM16.70 while IOI Corp gained two sen to RM5.35.

Losers included Aeon that fell 28 sen to RM6, Hong Leong Bank and Tradewinds down 16 sen each to RM10.40 and RM7.95, Subur Tiasa 12 sen to RM3.10, Petronas Dagangan and Panasonic 10 sen each to RM15.90 and RM23.30, while AIC fell nine sen to RM1.11.

Pos Malaysia fell 14 sen to RM3.23 after DRB-HICOM BHD [] acquired a strategic stake in the national courier company.

Khazanah Nasional Bhd has divested its strategic 32.21% stake in Pos Malaysia to DRB-Hicom at RM3.60 per share or RM622.79 million, deemed a landmark divestment by the government's investment arm of its entire stake in a major government-linked company.

Iris Corp was actively traded after it landed a US$149.96 million (RM451.61 million) contract from the government of Tanzania to supply 25 million identification cards based on the Smartcard Techonology.

The stock added 2 sen to 21 sen with 86.5 million shares done.

Other actives included Karambunai, HWGB, Ramunia, L&G and PJI.

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