Friday, June 3, 2011

Plantation stocks push FBM KLCI marginally higher

KUALA LUMPUR: ''The FBM KLCI managed to close in positive territory on Friday, June 3 as PLANTATION [] stocks rose to push the index higher on the back of firmer crude palm oil prices.

Sentiment at most key regional markets, meanwhile, remained tepid on growing concerns of the global economic health.

The FBM KLCI closed 0.12% or 1.81 points higher at 1,559.85, lifted by gains select blue chips and index-linked plantation stocks.

Gainers edged losers by 376 to 335, while 326 counters traded unchanged. Volume was 581.94 million valued at RM1.04 billion.

At the regional markets, Japan's Nikkei 225 fell 0.66% to 9,492.21, Hong Kong's Hang Seng Index lost 1.31% to 22,949.56, Singapore's Straits Times Index was down 0.47% to 3,145.67 and South Korea's Kospi shed 0.03% to 2,113.47.

Meanwhile, the Shanghai Composite Index added 0.84% to 2,728.02 and Taiwan's Taiex gained 0.61% to 9,046.28.

On Bursa Malaysia, Tradewinds was the top gainer today and added 69 sen to RM9.49.

BLD Plantations rose 44 sen to RM6.38, PPB 40 sen to RM17.60, Tradewinds Plantations 18 sen to RM3.90, United Plantations 16 sen to RM18.70, KLK eight sen to RM22.08 and IOI Corp three sen to RM5.33.

Genting rose 10 sen to RM11.20, Hong Leong Bank six sen to RM12.56, CIMB and Petronas Dagangan two sen each to RM8.34 and RM16.30, while Shell rose 16 sen to RM11.

HWGB was the most actively traded counter with 33.1 million shares done. The stock gained 2.5 sen to 45.5 sen.

Other actives included SAAG, KNM, Jotech, Tenaga, Maybank and MAS.

Among the decliners, Petronas Gas fell 44 sen to RM11.54, Nestle 12 sen to RM47.96, Warisan and NCB 11 sen to RM2.23 and RM3.75, Kossan 10 sen to RM3.05 and MAHB fell eight sen to RM6.52.

''

No comments:

Post a Comment