Friday, December 30, 2011

KLCI stays firmly above 1,510-level at mid-day

KUALA LUMPUR (Dec 30): The FBM KLCI stayed firmly above the 1,510-point level at the mid-day break on Friday, as global markets mostly pushed towards ending the year on a positive note.

At the mid-day break, the FBM KLCI rose 7.23 points to 1,513.92.

Gainers led losers by 337 to 254, while 333 counters traded unchanged. Volume was 572.05 million shares valued at RM483.97 million.

The ringgit strengthened 0.02pct to 3.1772 versus the US dollar; crude palm oil futures for the third month delivery gained RM13 per tonne to RM3,168, crude oil was up 12 cents to US$99.77 while gold added US$8.28 an ounce to US$1,554.25.

Meanwhile, Asian stocks nudged higher and the euro clung to overnight gains on Friday, the last trading day of 2011, as positive data from the United States helped allay concerns on the global economy, while year-end short covering lifted crude prices, according to Reuters.

Still, the region's stocks have collectively lost about a fifth of their value this year, as natural calamities and financial turmoil took a toll on the risk appetite of investors, driving them to safer assets such as the US dollar and gold.

At the regional markets, Japan's Nikkei 225 rose 0.42% to 8,434.55, Hong Kong's Hang Seng Index gained 0.41% to 18,472.76, the Shanghai Composite Index was up 0.82% to 2,191.46, while Singapore's Straits Times Index fell 0.25% to 2,666.17 and Taiwan's Taiex shed 0.09% to 7,068.56.

On Bursa Malaysia, gainers were led by BAT that rose 28 sen to RM49.88, Lipo Corp 14.5 sen to RM1.13, IJM Corp 13 sen to RM5.67, Faber and IOI Corp 12 sen each to RM1.74 and RM5.40, Milux 11 sen to RM1.26, LPI Capital up 10 sen to RM13.60, while Aeon and AIRB added nine sen each to RM7.30 and RM1.65.

Among the decliners, Nestle fell 50 sen to RM55.50, SHH 15 sen to 25 sen, Sunchirin nine sen to RM1.36, Hunza PROPERTIES [], Theta and DKSH lost seven sen each to RM1.42, 50 sen and RM1.58 respectively.

Mulpha was the most actively traded counter with 32.66 million shares done. The stock added one sen to 39.5 sen.

Other actives included Utopia, Sanichi, TMS, Cybertowers and LFE Corp.

No comments:

Post a Comment