Monday, October 17, 2011

Tenaga, Sime Darby power KLCI to close 1.59% higher

KUALA LUMPUR: Gains at key blue chips including Tenaga and Sime Darby boosted the FBM KLCI by more than 1.59% on Monday, Oct 17, in line with the stronger sentiment at key regional markets.

The FBM KLCI rose 22.92 points to 1,465.35, as gainers thumped losers by 731 to 155, while 209 counters traded unchanged. Volume was 1.78 billion shares valued at RM1.75 billion.

At the regional markets, Hong Kong's Hang Seng Index rose 2.01% to 18,873.99, Japan's Nikkei 225 gained 1.5% to 8,879.60, South Korea's Kospi up 1.62% to 1,865.18, Taiwan's Taiex rose1.4% to 7,461.12, Singapore's Straits Times Index up 1.27% to 2,778.97, and the Shanghai Composite Index edged up 0.37% to 2,440.40.

On Bursa Malaysia, Tenaga jumped 37 sen to RM5.578, Sime Darby up 35 sen to RM8.90, Panasonic 30 sen to RM20.50, KLK 28 sen to RM20.98, APM Automotive 26 sen to RM4.86, MMHE 25 sen to RM6.15, BAT and MSM up 24 sen each to RM44.90 and RM5.09, while Genting and Petronas Chemicals added 22 sen each to RM10.12 and RM6.14.

Harvest was the most actively traded counter with 54 million shares traded. The stock jumped six sen to 20.5 sen.

Other actives included SAAG, HWGB, Karambunai, YTL Land and Tejari.

Meanwhile, decliners included Petronas Dagangan that fell 32 sen to RM16, HLFG down 16 sen to RM11.42, SHL down 12 sen to RM1.21, PacificMas, RHB Capital and Top Glove down eight sen each to RM3.07, RM7.40 and RM4.02 respectively, while Hong Leong Capital fell seven sen to RM1.20.

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