Tuesday, 17 April 2012

The FBMKLCI holds steady at open, blue chips lift

KUALA LUMPUR (April 17): The FBM KLCI held steady at the opening on Tuesday and edged up 0.62 of a point to 1,598.13 at 9am.

Meanwhile, global stocks faltered on Monday despite stronger-than-expected U.S. retail sales, while government debt prices rose as worries about Spain's fiscal problems and a resurgent euro zone crisis weighed on investor sentiment, according to Reuters.

Market breadth at Bursa Malaysia was generally positive in early trade with 69 gainers, 27 decliners and 76 counters trading unchanged.

Among the early gainers were Tradewinds PLANTATION []s, Petronas Gas, KLK, Genting, Hong Leong Bank, Parkon, MBSB and IOI Corp.

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