Tuesday, 14 February 2012

KL stocks wring gains at midday

Bursa Malaysia shares extended its downtrend midday dragged by losses mainly in plantation-related counters led by Kuala Lumpur Kepong, dealers said.

However, the FTSE Bursa Malaysia (FBM KLCI) recovered from its earlier losses and gained 0.18 of a point to end the morning session at 1,563 points.

Market sentiment continued to be influenced by developments in the euro zone while at home, the fourth quarter gross domestic product data was expected to be released this week.

The Finance Index perked 18.16 points to 13,845.73, the Plantation Index fell 34.92 points to 8,890.32 and the Industrial Index added 4.47 points to 2,910.94.

The FBM Emas Index gave up 11.49 points to 10,867.04, the FBM Ace Index fell 45.06 points to 4,700.81 and the FBM Mid 70 Index declined 45.5 points to 12,379.39.

Losers outnumbered gainers 530 to 229 with 307 counters unchanged, 414 untraded and 16 others suspended.

Turnover stood 1.367 billion shares worth RM969.69 million. For actives, British American Tobacco rose 28 sen to RM51.78, Far East Holdings advanced 20 sen to RM7.40 and Petronas Gas gained 16 sen to RM16.76.

Among heavyweights, Maybank was unchanged at RM8.50, Sime Darby inched up two sen to RM9.63, Petronas Chemicals rose three sen to RM6.98 and CIMB added eight sen to RM7.24. -- Bernama

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