Wednesday, September 21, 2011

Sime Darby, select blue chips lift KLCI

KUALA LUMPUR: The FBM KLCI rose 0.60% or 8.40 points to close at 1,419.04 on Wednesday, Sept 21, lifted by gains including at Sime Darby and other select blue chips.

Gainers edged losers by 350 to 289, while 287 counters traded unchanged. Volume was 708.06 million shares valued at RM1.16 billion.

On Bursa Malaysia, Sime Darby was the top gainer today and rose 33 sen to RM8.24 after analysts said the recent battering of the stock, sparked by concerns about the acquisition of the Eastern & Oriental Bhd (E&O) stake, was overdone.

Among banking stocks, AMMB gained 10 sen to RM6.11, CIMB five sen to RM6.89 and Public Bank four sen to RM12.64.

IJM Corp rose 20 sen to RM5.19, Petronas Gas up eight sen to RM13.48, Gamuda six sen to RM2.82, while Petronas Chemicals and IOI Corp added three sen each to RM5.81 and RM4.71.

Other gainers included Malayan Flour Mills, Sarawak PLANTATION []s, Shell, Ta Ann and Bursa.

Among the decliners, BAT fell 60 sen to RM43.90, Panasonic 28 sen to RM19.12, Hong Leong Bank and PacificMas 20 sen each to RM10.60 and RM3.10, Keck Seng 17 sen to RM3.78, DiGi 14 sen to RM30.36, CI Holdings 13 sen to RM4.25 while Petronas Dagangan and MISC lost 12 sen each to RM16.92 and RM6.76.

The actives included Systech, TMS, MRCB, GPRO, Flonic, AirAsia, Petronas Chemicals and Takaso.

Meanwhile, world stocks held steady above this month's one-year low on Wednesday and the euro also stabilised as investors looked to the Federal Reserve to announce steps to guide long-term U.S. interest rates lower to help the economy, according to Reuters.

At the regional markets, the Shanghai Composite Index jumped 2.66% to 2,512.96, South Korea's Kospi rose 0.89% to 1,854.28, Taiwan's Taiex added 0.57% to 7.535.88 and Singapore's Straits Times Index 0.39% to 2,791.79.

Meanwhile, Hong Kong's Hang Seng Index fell 1% to 18,824.17.


No comments:

Post a Comment