Monday, October 17, 2011

KLCI bounces back in early trade, blue chips support

KUALA LUMPUR: The FBM KLCI rebounded in early trade on Monday, Oct 17, lifted by select blue chips in line with the advance at key markets.

Asian shares rose on Monday and the euro held firm amid hopes that a crucial week for the euro zone crisis will see policymakers finally come up with a comprehensive plan to resolve the region's debt woes and recapitalise its banks, according to Reuters.

At 9.05, the FBM KLCI rose 14.48 points to 1,456.91.

Gainers led losers by 208 to 20, while 73 counters traded unchanged. Volume was 89.91 million shares valued at RM52.96 million.

Among the early gainers were KLK, Petronas Dagangan, BAT, PPB, HLFG, GAB, RHB Capital, MISC and Petronas Chemicals.


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