Friday, 13 April 2012

KLCI still above 1,600 at close

KUALA LUMPUR (April 13): Malaysian stocks exhibited resilience on Friday, with a brief encounter in the red before rising to close in positive territory on the final trading day of the week.

Gains in the FBM KLCI were in tandem with global markets, following positive updates that Italian government bonds have seen better-than-expected demand, although China's first quarter economic growth of 8.1% came in below street estimates.

At 5pm, the FBM KLCI added 1.85 points to close at 1,603.12. Across the exchange, 1.35 billion shares worth RM1.66 billion were traded, leading to 400 gainers versus 325 decliners.

Top gainer Sam Engineering & Equipment (M) Bhd rose 62 sen to RM2.69, while Hibiscus Petroleum Bhd added 41 sen to RM2.10.

Decliners included COUNTRY VIEW BHD [], which fell 31 sen to 73 sen, while Tradewinds PLANTATION [] Bhd was down 21 sen to RM5.69.

Among actively-traded stocks, INGENUITY SOLUTIONS BHD [] added one sen to 10 sen, with some 105 million shares done.

Across Asian bourses, Japan's Nikkei 225 rose 1.19% to close at 9,637.99 points while Australia's S&P/ASX 200 added 1% to 4,323.31. Hong Kong's Hang Seng added 1.84% to 20,701 points, while the Shanghai Composite Index added 0.35% to 2,359.16.

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