Friday, June 10, 2011

FBM KLCI ends week on positive note

KUALA LUMPUR: The FBM KLCI snapped its four-day losing streak and ended the week on a positive tone when it closed higher on Friday, June 10.

The FBM KLCI closed 0.34% or 5.30 points higher at 1,556.19, lifted by gains at select blue chips including Genting and banking stocks.

Gainers led losers by 393 to 313, while 335 counters traded unchanged. Volume was 783.02 million shares valued at RM1.30 billion.

Among the gainers, Genting rose 22 sen to RM11.32, Hong Leong Bank 19 sen to RM13.02, HLFG 16 sen to RM12.66, CIMB two sen to RM8.41, MISC 13 sen to RM7.09, Petronas Chemicals eight sen to RM7.05, Genting PLANTATION []s seven sen to RM7.99 and Maxis three sen to RM5.49.

Other gainers included Tasek, Golsta, Fima Corp and Aeon.

ACE Market-debutant, mobile virtual network operator XOX Group Bhd, extended its losses in the afternoon session and fell 28 sen to 52 sen with 31.82 million shares done.

Other decliners included BLD Plantations, Glenealy, Boustead, Mentiga, Dutch Lady, Aeon Credit, Harrisons and JT International.

Focus Point was the most actively traded counter with 51.2 million shares done. The stock fell 1.5 sen to 6.5 sen.

Other actives included XOX, SAAG, Kencana, MAA, Tenaga, Karambunai, UEM Land and Axiata.

At the regional markets, Japan's Nikkei 225 pared down its gains and closed 0.50% higher at 9,514.44 and the Shanghai Composite Index edged up 0.07% to 2,705.14.

Meanwhile, Taiwan's Taiex slumped 1.81% to 8,837.82, South Korea's Kospi fell 1.19% to 2,046.67, Hong Kong's Hang Seng was down 0.84% to 22,420.37 and Singapore's Straits Times Index fell 0.62% to 3,078.35.

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