KLCI higher led by bluechips

  • Business
  • Wednesday, 20 May 2009

KUALA LUMPUR: The KLCI ended Wednesday higher led by gains in bluechips such as Maybank, Sime Darby and Tenaga Nasional.

The local bourse was also boosted by today’s data released by the Statistics Department that the country’s annual inflation has slowed to 3% in April from 3.5% in March.

At 5pm, the KLCI surged 19.14 points to 1,042.63.

At Bursa Malaysia, 358 counters were up, 307 were down and 204 were traded unchanged. There were 1.87 billion shares traded with a total value of RM1.865 billion.

Among the heavyweights, Maybank added 25 sen to RM5.30, Axiata increased 14 sen to RM2.46, Tenaga jumped 25 sen to RM7.55 and BCHB slipped 5 sen to RM8.85.

Plantation stocks Sime Darby rose 25 sen to RM6.95, IOI Corp added 16 sen to RM4.64, KLK increased 70 sen to RM12 and United Plantations was up 30 sen to RM11.40.

Oil and gas counters KNM lost 1 sen to 80 sen, SAAG slipped 1.5 sen to 35 sen, Scomi was down 3 sen to 69 sen and Ramunia added 1 sen to 60 sen.

Crude palm oil 3-month futures rose RM2 to RM2,632 per tonne.

Nymex crude oil added 50 cents to US$60.60 per barrel.

The ringgit was quoted at 3.5365 to the US dollar.

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