Thursday, October 6, 2011

KLCI stays in positive territory, but gains capped

KUALA LUMPUR: The FBM KLCI pared down some of its gains at the mid-day break on Thursday, Oct 6, in line with regional markets that eased down as well.

At the regional markets, while optimism over the efforts by European nations to find a solution to the euro zone debt crisis and economic data in the US gave some glimmer of hope that the giant could still avoid a recession provided some boost to Asian stocks, gains were capped as China observes a week-long holiday, and investors still wary as to how the China markets react to the euro zone crisis.

At the mid-day break, the FBM KLCI rose 1% or 13.69 points to 1,389.36.

Gainers led losers by 388 to 178, while 248 counters traded unchanged. Volume was 439.33 million shares valued at RM596.47 million.

The ringgit strengthened 0.32% to 3.1812; crude palm oil futures for the third month fell RM32 per tonne to RM2,758, crude oil shed 11 cents per barrel to US$79.57 while gold gained US$4.70 an ounce to US$1,645.75.

At the regional markets, Hong Kong's Hang Seng Index jumped 4.31% to 16,951.23, South Korea's Kospi gained 3.75% to 1,728.96, Taiwan's Taiex added 2.07% to 7,133.64, Singapore's Straits Times Index rose 2.02% to 2,579.90 and Japan's Nikkei 225 edged up 1.54% to 8,512.36.

On Bursa Malaysia, Cycle & Carriage jumped 73 sen to RM3.95, BLD PLANTATION []s and AMMB up 24 sen to RM5.84 and RM5.83, Petronas Dagangan 20 sen to RM16.08, IJM Corp 19 sen to RM4.93, MAHB and RHB Capital 18 sen each to RM5.35 and RM6.77, while F&N, Tradewinds and PPB gained 16 sen each to RM16.10, RM7.80 and RM15.92 respectively.

MBSB was the most actively traded counter with 24.2 million shares done. The stock gained nine sen to RM1.38.

Other actives included GPRO, Timecom, UEM Land, Malton, Flonic, Petronas Chemicals and Axiata.

Losers this morning included BAT, Top Glove, Supermax, Nadayu, Proton, OCB, KAF and UMS.



No comments:

Post a Comment