Wednesday, April 20, 2011

FBM KLCI stages firm rebound

KUALA LUMPUR: The FBM KLCI rebounded strongly and crossed the crucial 1,530-point level on Wednesday, April 19, lifted by gains at blue chip stocks.

At the close, the benchmark index rose 0.62% or 9.49 points to 1,531.02.

Gainers led losers by 473 to 288, while 333 counters traded unchanged. Volume improved to 1.27 billion shares valued at RM1.81 billion from 1.04 billion shares valued at RM1.39 billion on Tuesday.

Among the major gainers, Genting added 40 sen to RM11.50, Digi that rose 42 sen to RM29.20, IOI Corp eight sen to RM5.41, Tenaga nine sen to RM6.11, Petronas Chemicals 12 sen to RM7.33, AMMB six sen to RM6.34, CIMB two sen to RM8.27, Genting Malaysia three sen to RM3.70, YTL Corp six sen to RM7.85 and RHB Capital 13 sen to RM8.54.

Meanwhile, Dutch Lady added 36 sen to RM16.86, Coastal Contracts 35 sen to RM3.75, Guan Chong up 19 sen to RM2.64, Bursa 18 sen to RM8.11, and HPI 16 sen to RM3.72.

Emas Kiara added 15.5 sen to 89 sen after it declared a special tax exempt interim dividend of 12 sen per 50 sen for the financial year ending Dec 31, 2011.

Karambunai was the most actively traded counter with 81.34 million shares done. The stock shed 1.5 sen to 24 sen.

Other actives included Smartag, Focus, Perisai, Alam Maritim, DBE Gurney and SAAG.

Nestle was the top loser and fell 40 sen to RM48; Shell'' lost 32 sen to RM10.88, F&N 28 sen to RM16.70, JobStreet 19 sen to RM2.61, Ibraco and KLCCP 13 sen each to RM1.12 and RM3.42, Carlsberg 12 sen to RM7.81 and United Malacca down 10 sen to RM6.84.

At the regional markets, Japan's Nikkei 225 rose 1.76% to 9,606.82, Hong Kong's Hang Seng Index was up 1.60% to 23,896.10, South Korea's Kospi jumped 2.23% to 2,169.91, Taiwan's Taiex added 2.02%to 8,813.28, Singapore's Straits Times Index added 1.29% to 3,165.80 and the Shanghai Composite Index was up 0.27% to 3,007.04.

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