Friday, May 13, 2011

FBM KLCI stays in positive territory at mid-day

KUALA LUMPUR: The FBM KLCI remained in positive territory at the mid-day break on Friday, May 13, lifted by gains mainly at banking stocks.

At 12.30pm, the 30-stock index was up 5.72 points to 1,538.01. Gainers led losers by 341 to 264, while 289 counters traded unchanged. Volume was 613.33 million shares valued at RM705.11 million.

The ringgit weakened 0.08% to 3.0120 per dollar; crude palm oil futures for the third month delivery rose RM22 per tonne to RM3,227, crude oil fell 41 cents per barrel to US$98.56 while gold lost US$1.85 an ounce to US$1,504.05.

Among the major gainers, Hong Leong Bank added 30 sen to RM12.36, Maybank 14 sen to RM8.88, HLFG 10 sen to RM11.68, CIMB nine sen to RM8.29, RHB Capital seven sen to RM8.07 and AMMB added five sen to RM6.39.

Other gainers included Genting and F&N that rose 20 sen each to RM11.40 and RM19, PacificMas 14 sen to RM4.27, TRC Synergy 11 sen to RM1.73 and Shell 10 sen to RM11.

Among the decliners this morning, BAT fell 30 sen to RM48, Panasonic lost 28 sen to RM22.82, MPI 21 sen to RM5.04, Hap Seng 13 sen to RM5.50, MISC 11 sen to RM7.11, while Sindora, Far East and Petronas Dagangan fell 10 sen each to RM1.70, RM7 and RM15.40 respectively.

Meanwhile, the actives included Sinotop, Gula Perak, PJI, DBE Gurney, CME, Etitech and Focus Point

Regional markets were mixed, with Japan's Nikkei 225 down 1.17% to 9,602.48 after comments by the nation's top government spokesman sparked concerns that banks are likely to be asked to ease troubled Tokyo Electric Power Co's loan burden, according to Reuters.

Hong Kong's Hang Seng Index fell 0.44% to 22,972.79, South Korea's Kospi lost 0.80% to 2,105.70 and Taiwan's Taiex shed 0.36% to 9,001.06.

Meanwhile, Singapore's Straits Times Index added 0.29% to 3,139.65 and the Shanghai Composite Index rose 0.06% to 2,845.71.

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