Monday, December 19, 2011

KLCI edges up in early trade, Boustead in focus

KUALA LUMPURT (Dec 19): The FBM KLCI edged up in early trade on Monday, bucking the trend at key regional markets that opened lower on fears possible credit ratings downgrades of several European countries.

At 9.15am, the FBM KLCI was up 2.32 points to 1,468.54.

Gainers led losers by 142 to 77, while 132 counters traded unchanged. Volume was 177.28 million shares valued at RM61.16 million.

Among the top gainers in early trade were Nestle, QSR, MISC, Gamuda and Tenaga.

Meanwhile, BHIC and Boustead advanced after Boustead's subsidiary Boustead Naval Shipyard Sdn. Bhd received the letter of award from the Ministry of Defence to supply six patrol vessels with a contract ceiling of RM9 billion.

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