Tuesday 20 March 2012

KLCI advances, BAT, KLK higher

KUALA LUMPUR (March 20): Blue chips advanced in early trade on Tuesday, with BAT and KL Kepong among the top gainers, on mild fund-buying while the broader market reflected slight upward bias.

At 10.03am, the KLCI was up 4.16 points to 1,577.76. Turnover was 614.96 million shares valued at RM215 million. There were 205 gainers, 180 losers while 275 counters were unchanged.

HwangDBS Vickers Research said the KLCI may still range-bound between the immediate support and resistance levels of 1,555 and 1,580 for the moment.

“Meanwhile, continuing from where it left off in recent times, the list of most actively traded stocks would continue to be hogged by the second and third liners,” it said.

BAT was the top gainer, adding 22 sen to RM52.60, KLK 20 sen to RM23.52, Tasek 12 sen to RM8.70 and Petronas Gas 12 sen also to RM16.52 while Lafarge Cement added eight sen to RM7.16.



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