Friday 2 March 2012

Market advances, Sime, PetChem up

KUALA LUMPUR (March 2): Blue chips chalked up gains in mid-morning trade on Friday, with fund buying of heavyweights Sime Darby and Petronas Chemicals underpinning the market sentiment.

At 11am, the FBM KLCI was up 10.63 points to 1,584.08. Turnover was 570.43 million shares valued at RM489 million. There were 351 gainers, 204 losers and 294 stocks unchanged.

Petronas Chemicals climbed 18 sen to RM6.93 and Sime Darby 15 sen to RM10.08 while Genting advanced 10 sen to RM10.56.

Panasonic Malaysia was the top gainer, adding 50 sen to RM22.50 while BAT added 38 sen to RM53.48 and DRB-Hicom 15 sen to RM2.76.

Perwaja-WA jumped 27.5 sen to 28 sen with 15.26 million units done when the warrants were listed on Friday.

Niam Indah Corp was the most active with 30.74 million shares done, slipping 0.5 sen to 52.5 sen.

Silver Bird, which saw its share price halved on Thursday after the company launched a probe into alleged irregularities, managed to gain 1.5 sen to 22 sen.

China Stationery Ltd extended its decline as investors took profit, down four sen to RM1.17.



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