Thursday, September 8, 2011

FBM KLCI edges up marginally at mid-morning

KUALA LUMPUR: The FBM KLCI edged up marginally at mid-morning on Thursday, Sept 8 in line with the mixed regional markets, following the firmer overnight close at Wall Street.

Asian stocks rose on Thursday, as investors took heart from a German court ruling that staved off an immediate worsening of the euro zone crisis and looked towards an announcement later from US President Barack Obama on a new job-creation package, according to Reuters.

However, Japan machinery orders fell in 8.2% in July, signally weaker investment, causing the Nikkei 225 to pare down its gains.

The FBM KLCI was up 0.51 point to 1,465.12 at 10am. Gainers edged losers by 219 to 119, while 188 counters traded unchanged. Volume was 176.70 million shares valued at RM170.2 million.

Japan's Nikkei 225 edged up 0.47% to 8,804.62, Taiwan's Taiex up 0.75% 7,585.33 and South Korea's Kospi added 0.46% to 1,841.87.

Meanwhile, Hong Kong's Hang Seng Index lost 0.39% to 19,970.50, the Shanghai Composite Index fell 0.12% to 2,513.01 and Singapore's Straits Times Index shed 0.05% to 2,830.58.

On Bursa Malaysia, Nestle gained 80 sen to RM49.80, HLFG added 38 sen to RM11.86, Bernas 19 sen to RM3.57, RHB Capital 18 sen to RM8.47, Tradewinds 14 sen to RM9.04, BAT and MNRB up 12 sen to RM43.72 and RM3.40, Far East 10 sen to RM7.10 while Petronas Gas and Batu Kawan up eight sen to RM13.58 and RM15.70.

BLD PLANTATION []s was the top loser and fell 18 sen to RM6.43, Shell down 10 sen to RM9.70, Astral Asia and Esso seven sen to RM1.08 and RM3.73, Ark 6.5 sen to 40 sen, while Suria, Asia File and E&O lost five sen each to RM1.55, RM3.70 and RM1.66.

The actives included HWGB, Systech, E&O, Tebrau, Timecom, UEM Land and Flonic.

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