Wednesday, December 21, 2011

Blue chips, improved sentiment lift KLCI

Larger Smaller Reset KUALA LUMPUR (Dec 21): The FBM KLCI closed on a firmer tone on Wednesday, tracking slightly improved global market sentiment after upbeat U.S. and German data and strong demand for Spanish debt.

The 30-stock index rose 19.81 points to close at 1,484.98, lifted by gains at blue chips.

Gainers led losers by 405 to 307, while 336 counters traded unchanged. Volume was 1.65 billion shares valued at RM1.32 billion.

At the regional markets, Japan's Nikkei 225 added 1.48% to 8,459.98, Hong Kong's Hang Seng Index rose 1.86% to 18,416.45, Taiwan's Taiex surged 4.56% to 6,966.48, South Korea's Kospi rose 3.09% to 1,848.41 and Singapore's Straits Times Index was up 2.25% to 2,673.32.

Meanwhile, the Shanghai Composite Index reversed its earlier gains and fell 1.12% to 2,191.15.

On Bursa Malaysia, gainers included Genting that rose 26 sen to RM10.62, KAF and HLFG up 24 sen each to RM1.72 and RM11.66, Tenaga 22 sen to RM5.72, BHIC 21 sen to RM3.39, Public Bank and AMMB 20 sen each to RM13.20 and RM5.90, RHB Capital 19 sen to RM7.01 and WCT 18 sen to RM2.29.

Among the decliners, MPI and Batu Kawan lost 14 sen each to RM2.59 and RM17.06, Nestle, Tahps, JT International and Tradewinds fell 12 sen each to RM56.18, RM4.28, RM6.88 and RM9.82, while Focus Point and IGB lost 11 sen each to 28.5 sen and RM2.31.

Meanwhile, the actives included TMS, Utopia, Hibiscus, Hirotako, Sanichi, Maxbiz and Vastalux.

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