Friday 3 February 2012

KLCI reverses earlier losses, closes slightly firmer

KUALA LUMPUR (Feb 3): The FBM KLCI recovered lost ground in the afternoon session on Friday and closed higher as gainers overtook losers, buying into blue chips including Petronas Gas and Sime Darby.

The 30-stock index added 1.68 points to close at 1,538.77.

Gainers led losers by 461 to 399, while 352 counters traded unchanged. Volume was 2.84 billion shares valued at RM2.32 billion.

Asian stocks were mixed, but gains were capped ahead of the economic and employment data scheduled for release later on Friday.

At the regional markets, the Shanghai Composite Index rose 0.77% to 2,330.40, Taiwan’s Taiex added 0.29% to 7,674.99, Hong Kong’s Hang Seng Index edged up 0.08% to 20,l756.98 and Singapore’s Straits Times Index gained 0.58% to 2,917.95.

Meanwhile, Japan’s Nikkei 225 fell 0.61% to 8,831.93 and South Korea’s Kospi lost 0.60% to 1,972.34.

European shares fell slightly on Friday, from six-month closing highs, as investors awaited U.S. jobs data for indications of the strength of the recovery in the world's biggest economy, according to Reuters.

On Bursa Malaysia, United PLANTATION []s jumped RM1.10 to RM21.80, Petronas Gas gained 32 sen to RM16.20, Tradewinds 29 sen to RM10.22, BLD Plantations and GAB 24 sen each to RM8.84 and RM12.64, Delloyd, Gamuda and Sime Darby gained 18 sen each to RM3.68, RM3.90 and RM9.46 respectively, while TDM added 15 sen to RM4.72.

Naim Indah Corp was the most actively traded counter with 260.5 million shares done. The stock rose nine sen to 18 sen.

Other actives included SAAG, DBE Gurney, Karambunai, Compugates, Petronas Chemicals, JCY and DRB-Hicom.

Decliners included KLK, Dutch Lady, F&N, Southern Acids, DKSH, SapuraCrest, Genting, Malayan Flour Mills and Genting Plantations.



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