Tuesday, October 11, 2011

KLCI jumps more than 1% in early trade

KUALA LUMPUR: The FBM KLCI jumped in early trade on Tuesday, Oct 11, in line with the higher overnight close at Wall Street and the overall positive opening at key regional markets.

Asian shares rose on Tuesday and the euro held most of the previous session's big gains on hopes that European leaders are finally taking action to protect the continent's banks from its festering sovereign debt crisis, according to Reuters.

At 9.05am, the FBM KLCI rose 1.07% or 15 points to 1,412.04, lifted by gains at blue chips.

Among the early gainers were BAT, DiGi, TSH, KLK, Genting, MISC, Genting PLANTATION []s, HLFG, IJM Corp and RHB Capital.

Gainers thumped losers by 224 to 9, while 57 counters traded unchanged.

Volume was 42.11 million shares valued at RM38.12 million.

Meanwhile, trading in the securities of SIME DARBY BHD [] and Eastern & Oriental Bhd will be suspended with effect from 9am, Tuesday, Oct 11 pending an announcement.

The companies in separate filings to Bursa Malaysia Securities early this morning announced the trading halt.

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