Thursday, 19 April 2012

KLCI edges up marginally at opening

KUALA LUMPUR (April 19): The FBM KLCI edged up marginally at the opening bell on Thursday, while regional bourses were mixed in early trade with investors treading water while awaiting the results of a key Spanish debt auction.

Meanwhile, U. stocks slipped on Wednesday, a day after Wall Street's best gains in a month, as uninspiring earnings from tech bellwethers IBM and Intel gave investors a reason to take profits, according to Reuters.

Asian shares moved in a narrow range on Thursday after the previous day's rally as investors grew cautious ahead of a key Spanish bond sale that would test the market's risk appetite as concerns mounted over the euro zone's debt crisis, it said.

The FBM KLCI was up 0.86 of a point to 1,599.72 at 9am.

Gainers edged losers by 54 to 20, while 76 counters traded unchanged. Volume was 37.77 million shares valued at RM9.65 million.

Among the early gainers were Jaya Tiasa, Genting, GAB, CSL, Top Glove, Pintaras, Tenaga, MMC Corp and Kencana.

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