Friday, November 11, 2011

KLCI remains in positive territory but pares down gains at mid-day

KUALA LUMPUR: The FBM KLCI remained in positive territory at the mid-day break on Friday, Nov 11 but pared down some of its gains on signs of mild profit taking ahead of the weekend.

The FBM KLCI was up 3.75 points to 1,476.40 at 12.30pm. The index had earlier risen to its intra-morning high of 1,478.33.

Gainers led losers 411 to 203, while 262 counters traded unchanged. Volume was 1.27 billion shares valued at RM583.71 million.

The ringgit fell 0.02% to 3.1480 versus the US dollar; crude palm oil futures for the third month delivery fell RM11 per tonne to RM3,112, crude oil added 38 cents per barrel to USD98.16 while gold rose US$9.17 an ounce US$1,767.57.

At the regional markets, Hong Kong's Hang Seng Index rose 1.14% to 19,179.78, South Korea's Kospi jumped 2.41% to 1,856.96, Taiwan's Taiex was up 0.78% to 7,365.49, the Shanghai Composite Index added 0.60% to 2,494.41, Japan's Nikkei gained 0.54% to 8,546.40 and Singapore's Straits Times Index edged up 0.15% to 2,790.95.

On Bursa Malaysia, BAT was the top gainer this morning and rose 50 sen to RM46; United PLANTATION []s gained 40 sen to RM19, DiGi 34 sen to RM34.34, CI Holdings 31 sen to RM5.26, Asas 19 sen to RM1.19, TSH Resources 17 sen to RM3.45, KLK 16 sen to RM20.98, Top Glove 14 sen to RM4.44 and CBIP 11 sen to RM3.79.

Takaso was the most actively traded counter with 44.33 million shares done. The stock gained four sen to 22.5 sen.

Other actives included Compugates, JCY, iDimension, DBE Gurney, Rimbunan Sawit and IRCB.

Decliners included Ya Horng, Sunchirin, Tong Herr, Tasek, Petronas Dagangan, Ta Ann, Boustead and Teck Guan.

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