Wednesday, July 13, 2011

FBM KLCI rises in tandem with Asian markets

KUALA LUMPUR: The FBM KLCI rebounded on Wednesday, July 13 in tandem with the advance at key regional markets on fresh data that showed that China's economy grew faster than expected.

China's second-quarter gross domestic product rose 9.5% year-on-year, while retail sales grew 16.8% in the six months ended June, showing that domestic demand still held up relatively well despite policy tightening, according to Reuters.

On Bursa Malaysia, the FBM KLCI rose 0.16% or 2.57 points to 1,580.67, lifted by gains select blue chips.

Gainers overtook losers by 389 to 306, while 327 counters traded unchanged. Volume rose slightly to 843.27 million shares valued at RM1.57 billion from 832.79 million shares valued at RM1.55 billion on Tuesday.

At the regional markets, the Shanghai Composite Index rose 1.48% to 2,795.48, Hong Kong's Hang Seng Index added 1.22% to 21,926.88, South Korea's Kospi was up 0.94% to 2,129.64, Japan's Nikkei 225 gained 0.37% to 9,963.14 and Singapore's Straits Times Index edged up 0.36% to 3,088.42.

Meanwhile, Taiwan's Taiex shed 0.03% to 8,488.06.

Among the gainers, Petronas Dagangan rose 56 sen to RM18, Digi added 50 sen to RM30, BAT 22 sen to RM46.62, Nestle, United PLANTATION []s and HLFG 20 sen each to RM47.60, RM21.10 and RM13.50 respectively; PPB, Bina Puri and Bursa 16 sen each to RM17.46, RM1.40 and RM7.86 respectively, while MISC rose 14 sen to RM7.70.

Newly-listed OldTown was the most actively traded counter with 51.75 million shares done. The stock rose seven sen to RM1.32.

Other actives included Wijaya shares and warrants, TMS, Ingenuity Solutions, Muda, XDL, Key West, Petronas Chemicals and Talam.

Among the decliners, BLD Plantations fell 18 sen to RM6.62, Cypark and Hong Leong Bank down 16 sen to RM1.86 and RM13.44, Batu Kawan and KLK 14 sen each to RM16.78 and RM22.10, Tradewinds 12 sen to RM10.22, UMS 11 sen to RM1.67 while APM Automotive fell 10 sen to RM4.90.

No comments:

Post a Comment