KLCI higher in early trade, boost from Sime, CIMB

  • Business
  • Wednesday, 30 May 2012

KUALA LUMPUR: Blue chips made a firm start on Wednesday, boosted by gains in Sime Darby and CIMB.

At 9.07am, the FBM KLCI was up 4.45 points to 1,569.77. Turnover was 46.06 million shares valued at RM29.73mil. Gainers beat losers 119 to 50 while 96 counters were unchanged.

Sime Darby rose eight sen to RM9.68 while CIMB added seven sen to RM7.43. YTL rose six sen to RM1.88 after the company announced distribution of treasury shares.

UMW rose 17 sen to RM8.02, Aeon Credit eight sen to RM10.58 and MSM six sen to RM5.16.

Pestech fell two sen to 98 sen with 1.02 million shares when it made its debut on the Main Board. Its offer price was RM1.

Among the decliners were Bonia, down 15 sen to RM2.18, Tradewinds Plantations seven sen to RM4.93, PetChem five sen to RM6.60 and Public Bank four sen to RM13.70.

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