Thursday, April 28, 2011

FBM KLCI extends gains as M'sia inks agreements with China to deepen trade, investments

KUALA LUMPUR:'' The FBM KLCI extended its gains on Thursday, April 28 as Malaysia and China inked eight agreements to further expand trade and investment links between the two countries.

The deals were signed in conjunction with China Premier Wen Jiabao's state visit to Malaysia.

The FBM KLCI closed 5.39 points higher at 1,535.30, lifted by gains including at BAT, HLFG, PPB and RHB Capital.

Losers edged gainers by 381 to 360, while 333 counters traded unchanged. Volume was 924.64 million shares valued at RM1.40 billion.

Regional markets closed mixed today, as the Hong Kong and China stocks declined ahead of the coming long weekend.

The Shanghai Composite Index fell 1.315 to 2,887.04, Hong Kong's Hang Seng Index lost 0.37% to 23,805.63, and Taiwan's Taiex edged down 0.09% to 9,040.77.

Meanwhile, Japan's Nikkei 225 jumped 1.63% to 9,849.74 and South Korea's Kospi and Singapore's Straits Times Index added 0.07% each to 2,208.35 and RM3,184.99.

BAT was the top gainer and rose 72 sen to RM48, HLFG added 38 sen to RM9.90, F&N 34 sen to RM17.64, PPB 26 sen to RM16.94, Shell and RHB Capital added 20 sen each to RM11.10 and RM8.80, while DiGi was up 18 sen to RM29.

Focus Lumber made an impressive debut on the Main Market today and was the most actively traded counter with 40.3 million shares done. The stock added 58 sen to RM1.18.

Other actives included Hubline, E&O, ConnectCounty, PLUS, Ramunia, Axiata, Karambunai and Petronas Chemicals.

Among the decliners, United PLANTATION []s fell 20 sen to RM17.80, Aeon and UMW down 17 sen each to RM6 and RM1.61, BHIC and Hong Leong Industries down 15 sen each to RM4.50 and RM3.90, Unisem lost 14 sen to RM1.83, while Coastal Contracts and LPI Capital fell 10 sen each to RM3.58 and RM13.70.

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