KLCI inches up in early trade, boost from PPB Group, HLFG

KUALA LUMPUR: Malaysia's blue chips inched up in early Tuesday trade, lifted by gained in PPB Group and HLFG, but the overall breadth of the market was firm.

At 9.09am, the FBM KLCI was up 1.46 points to 1,778.61. Turnover was 174.78 million shares valued at RM94.25mil. Advancing counters beat decliners 301 to 70 or a margin of more than four to one, as retail interest in lower liners and penny stocks rose.

BIMB Securities Research said despite the late profit taking on Monday, "we may continue to see buying momentum to continue today as the spillover effect from Japan has been rather prominent. Immediate resistance is seen at the 1,780 level".

PPB Group rose 14 sen to RM13.84 with 500 shares done while HLFG added 12 sen to RM15.70 with 100 shares traded.

Nestle was the top gainer, adding 44 sen to RM63.98, Parmaniaga 27 sen to RM9.38, Naim 16 sen to RM3.91 and property-based Plenitude 14 sen to RM2.37.

Lafarge Cement fell 26 sen to RM10.70 with 100 shares done, Axis REIT shed 17 sen to RM3.79 while Affin was down five sen to RM4.46. Down four sen each were Genting Bhd and SP Setia to RM10.68 and RM3.71.

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KLCI , Early trade , PPB Group , HLFG


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