Tuesday, June 7, 2011

FBM KLCI closes above 1,550-level

KUALA LUMPUR: ''The FBM KLCI closed above the 1,550-point level on Tuesday, June 7 as it pared down its earlier losses in line with the slight rebound at most key regional markets.

The 30-stock index shed 0.02% or 0.25 point to close at 1,551.89, coming off its intra-day low of 1,548.30.

Gainers overtook losers by 428 to 297, while 324 counters traded unchanged. Volume was 705.81 million shares valued at RM1.34 billion.

At the regional markets, Japan's Nikkei 225 rose 0.67% to 9,442.95, the Shanghai Composite Index added 0.60% to 2,744,30, Taiwan's Taiex was up 0.12% to 9,057.10 and Singapore's Straits Times Index edged up 0.07% to 3,115.95.

Meanwhile, Hong Kong's Hang Seng Index shed 0.35% to 22,868.67 and South Korea's Kospi fell 0.65% to 2,099.71.

On Bursa Malaysia, Tahps was the top loser and fell 19 sen to RM4.60.

Shell lost 18 sen to RM10.62, BLD PLANTATION []s 13 sen to RM7.13, PPB and BAT 12 sen each to RM17.40 and RM46.90, Fututech 11.5 sen to 43 sen, RHB Capital 10 sen to RM9.83 and Cocoaland down seven sen to RM2.05.

MBSB's warrants were actively traded with 29.5 million units done. The warrants added 27.5 sen to 77.5 sen.

Other actives included Asia Media, HWGB, KNM, Axiata, Tenaga, Karambunai and UEM Land.

Plantation-related stocks were among the major gainers today, with Glenealy up 45 sen to RM5.88, Boustead 31 sen to RM6.16, NSOP 24 sen to RM5.79, Tradewinds Plantations 21 sen to RM4.13, Rimbunan Sawit 20 sen to RM2.62 and United Plantations 18 sen to RM18.88.

Other gainers included Tradewinds that added 74 sen to RM11.02 and Quality up 20 sen to RM1.50.

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