KLCI rallies to 2-month high, eyes 1,600

KUALA LUMPUR: Blue chips rallied on Tuesday, with the FBM KLCI
eyeing the psychological important 1,600 level, on local institutional
buying of index-linked stocks as sentiment perked up for the listing of
the Felda Global Ventures Holdings (FGVH) on June 28.
The
KLCI rose 12.25 points or 0.77% to 1,594.98, the highest since April
19. Turnover was 932.56 million shares valued at RM1.46bil. There were
467 gainers, 264 losers and 300 stocks unchanged.
The markets in Southeast Asia outperformed the bigger key Asian regional markets.
Singapore's
Straits Times Index rose 0.6% to 2,841.25; Thailand's SET 0.41% to
1,168.15 and Jakarta's Composite Index 0.54% to 3,880.82..
However,
Japan's Nikkei 225 fell 0.75% to 8,655.87; Hong Kong's Hang Seng Index
eased 0.06% to 19,416.67; Shanghai's Composite Index slipped 0.66% to
2,300.79; Taiwan's Taiex 0.11% lower at 7,273.13 and South Korea's
Kospi unchanged at 1,891.77.
US light crude oil fell 14 cents to
US$83.13 and Brent 72 cents lower at US$95.33 while the ringgit was at
3.1572 against the US dollar.
Crude palm oil (CPO) third-month futures rose RM26 to RM2,925.
Dealers said local institutional funds were picking up index-linked stocks including banks as sentiment on Bursa Malaysia remained firm ahead of the FGVH listing. Sime Darby rose four sen to RM9.85.
Among the KLCI stocks, DiGi rose eight sen to RM4.10, pushing up the KLCI 1.46 points and Petronas Chemicals added nine sen to RM6.56, nudging the index up 0.9 of a point.
Public Bank added 12 sen to RM13.82, nudging the index up 1.33 points, Maybank and CIMB rose four sen each to RM8.74 and RM7.44.
Among the consumer dividend stocks, BAT rose the most, up RM1.08 to RM56, Nestle 82 sen to RM57.02, F&N 60 sen to RM18.70 and Dutch Lady 48 sen to RM35.46.
Aeon Credit rose 68 sen to RM11.22, Panasonic Malaysia 34 saen to RM22.36, Petronas Gas 32 sen to RM17.76 and Takaful 29 sen to RM5.75.
Naim Indah Corp was the most active with 28.77 million shares done, up 0.5 sen to 29 sen.
Among the decliners were Tradewinds Plantations, down 12 sen to RM4.83 while Time dot Com and QL Resources fell 11 sen each to RM3.50 and RM3.19.

seem like tomorow arive to 1600!

sure huat if long.....[You must be registered and logged in to see this image.]

Wonderful World wrote:sure huat if long.....[You must be registered and logged in to see this image.]

sure jealous if cleared , like me