Wednesday, July 20, 2011

Banks, plantations lift FBM KLCI above 1,560-level

KUALA LUMPUR: The FBM KLCI ended its four-day decline on Wednesday, July 20 to close higher above the 1,560-point level, boosted by gains index-linked banking and PLANTATION [] stocks.

The market also received a slight nudge upwards after DiGi said its 1H2011 net profit rose 1.9% to RM567.71 million and the company declared a tax exempt dividend of 30 sen per share.

The FBM KLCI rose 0.45% or 6.95 points to 1,562.59. Gainers led losers by 472 to 266, while 303 counters traded unchanged. Volume was 803.41 million shares valued at RM1.30 billion.

Among the gainers, Petronas Dagangan added 40 sen, Sindora 37 sen to RM2.90, Mah Sing 29 sen to RM2.51, Fima Corp and United Plantations 20 sen each to RM6.25 and RM20.70. Eng Teknologi 18 sen to RM2.17, Tradewinds 16 sen to RM9.90, Ibraco, DiGi and KLK rose 14 sen each to RM1.19, RM29.84 and RM21.30 respectively, Sime Darby five sen to RM9.13 and IOI Corp two sen to RM5.21.

Among banks, CIMB and AMMB added nine sen each to RM8.53 and RM6.44, Public Bank eight sen to RM13.38, Maybank and HLFG four sen each to RM8.84 and RM13.34, while RHB Capital gained two sen to RM9.

Ingenuity Solutions was the most actively traded counter with 29 million shares done. The stock gained 1.5 sen to 9.5 sen.

Other actives included DVM, Inari, SAAG, Hubline, Flonic, Mah Sing and Wijaya.

Decliners were led by BAT that fell 70 sen to RM45.94; Nestle lost 24 sen to RM47.30, Y&G 20 sen to 19.5 sen, Goldis 13 sen to RM1.65, Genting 12 sen to RM10.50, GAB 10 sen to RM10.50, while Shell and Nadayu lost eight sen each to RM10.38 and RM1.31.

At the regional markets, Japan's Nikkei 225 was up 1.17% to 10,005.90, Taiwan's Taiex jumped 2.13% to 8,706.17, South Korea's Kospi added 1.16% to 2,154.95, Singapore's Straits Times Index up 0.98% to 3,126.53 and Hong Kong's Hang Seng edged up 0.46% to 22,003.69.

Meanwhile, the Shanghai Composite Index shed 0.10% to 2,794.20.

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