FBM KLCI rises at mid-day

  • Business
  • Wednesday, 14 Oct 2009

KUALA LUMPUR: The FBM KLCI surged 11.76 points or 0.95% to 1,245.27 at mid-day Wednesday on selective buying of key blue chips.

At 12.30pm, the benchmark index advanced to 1,245.27 helped by gains in banking stocks like Maybank and CIMB

Singapore’s Straits Times was up 0.22% to 2,674.15 while Hong Kong’s Hang Seng Index was also higher 1.36% to 21,760.29.

At Bursa Malaysia, market breadth was positive with 449 counters up, 157 down while 15 others were traded unchanged. There were 625 million shares done at RM753 million.

Among the gainers, IJM put on 14 sen to RM4. 88 while Public Bank added 14 sen to RM10.62.

Gains were also seen in rubber glove counters with TopGlove adding 10 sen to RM8.26 and Kossan inching up 16 sen to RM4.94.

Hwang DBS market analysts said if market breadth continued to be positive on sustained market volume, then “our Malaysian bourse was likely to plot higher highs”, going forward.

Crude palm oil 3-month futures were up RM17 to RM2,174 per tonne.

Nymex crude oil added 92 cents to US$75.07 per barrel.

The ringgit was quoted at 3.37 to the US dollar.

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