Wednesday, October 12, 2011

KLCI extends gains, up more than 1%

KUALA LUMPUR: The FBM KLCI extended its gains on Wednesday, Oct 12 in line with the reversal of losses at most key regional markets.

A rebound in Shanghai shares helped lift most Asian stocks into positive territory, concerns of Europe's debt crisis has hurt confidence in the global economy and was weighing on corporate earnings limited gains, according to Reuters.

The FBM KLCI jumped 1.19% or 16.85 points to 1,428.50, lifted by gains at select blue chips.

Gainers beat losers by 558 to 177, while 272 counters traded unchanged. Volume was 1.08 billion shares valued at RM1.29 billion.

At the regional markets, the Shanghai Composite Index jumped 3.04% to 2,420.00, Hong Kong's Hang Seng Index rose 1.04% to 18,329.46, South Korea's Kospi added 0.81% to 1,809.50 and Singapore's Straits Times Index rose 1.66% to 2,737.75.

Meanwhile, Japan's Nikkei 225 fell 0.40% to 8,738.90 and Taiwan's Taiex shed 0.22% to 7,382.35.

On Bursa Malaysia, RHB Capital jumped 78 sen to RM7.50, Tasek rose 39 sen to RM7.50, Affin 32 sen to RM2.99, Genting 30 sen to RM9.80, Asia File 20 sen to RM3.79, GAB and DiGi 28 sen each to RM10.48 and RM30.48, MMHE 27 sen to RM5.85, MISC 25 sen to RM6 and Panasonic 22 sen to RM20.04.

Ibraco was the top loser and fell 26 sen to RM1.20; Nestle lost 12 sen to RM49.38, Amway and KrisAssets 10 sen each to RM8.58 and RM4.10, Nakamichi 9.5 sen to 75.5 sen, while Esso and Knusford fell nine sen each to RM3.48 and RM1.56.

The actives included Timecom, Borneo Oil, GPRO, UEM Land and Malton.



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