Wednesday, May 11, 2011

FBM KLCI extends gains

KUALA LUMPUR:'' The FBM KLCI closed above the 1,530-point level for the first time in a week on Wednesday, May 11 with gains at banking and index-linked PLANTATION [] stocks lifting the market.

The FBM KLCI rose 0.83% or 12.66 points to 1,536.03.

Gainers led losers by 594 to 202, while 285 counters traded unchanged. Volume was 1.05 billion valued at RM1.63 billion.

Among the major gainers, HLFG jumped 54 sen to RM11.68, Hong Leong Bank was up 52 sen to RM12.02, RHB Capital 13 sen to RM8.87, Maybank seven sen to RM8.77 and CIMB three sen to RM8.22.

Other gainers included Panasonic that rose 38 sen to RM23.18, Amway 25 sen to RM9.37, Tahps 24 sen to RM4.80, Mudajaya 23 sen to RM4.79, Kian Joo 22 sen to RM2.30 and Aeon Credit 20 sen to RM4.52.

Among the plantation-related stocks, Sime Darby was up 21 sen to RM9.05, PPB six sen to RM16.66 and KLK two sen to RM21.02.

DBE Gurney was the most actively counter with 43.5 million shares done. The stock shed half a sen to 7 sen.

Other actives included Karambunai, Petronas Chemicals, MAA, Digistar, PJI, Dialog, Mclean and Fitters.

Among the decliners were F&N, NPC, JT International, Turiya, RCI and Nationwide.

At the regional markets, Japan's Nikkei 225 rose 0.46% to 9,864.26, South Korea's Kospi jumped 1.28% to 2,166.63 and Singapore's Straits Times Index added 0.66% to 3,177.18.

Meanwhile, Hong Kong's Hang Seng Index slipped 0.19% to 23,291.80, the Shanghai Composite Index fell 0.25% to 2,883.42 and Taiwan's Taiex shed 0.03% to 9,020.40.

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