Published: Wednesday March 10, 2010 MYT 5:51:00 PM
KL market rises to new high
KUALA LUMPUR: The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) surged to an intra-day high of 1,330.28, mirroring the rise on most Asian markets.
At 5pm, the FBM-KLCI was at up 10.28 points to 1,328.22, another fresh high after surges on Monday. On Monday, the index reached 1,324.22, up 24.44 points.
Gainers thumped losers 451 to 292 while 270 counters were traded unchanged. About 934.5 million shares changed hands, valued at some RM1.62bil.
Plantation counters PPB Group Bhd and kuala Lumpur Kepong Bhd (KLK) led the gainers.
Shares in PPB leapt 60 sen to RM17.30 while KLK closed 38 sen higher at RM17.02. Sime Darby was 13 sen higher to RM8.82, IOI Corp added 8 sen to RM5.54 and Batu Kawan gained 32 sen to RM10.60.
Other top gainers includes British American Tobacco (M) Bhd and Nestle (M) Bhd.
Among the 30 stocks in the FBM KLCI, CIMB gained 14 sen to RM14.28, Genting Bhd rose 11 sen to RM6.81 while 4 sen higher at RM7.98.
KNM Group, which was one of the most active counter, fell 1 sen to 78 sen on a volume of 38.3 million shares.
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