Mid-morning Market KLCI’s ascend moderates

Business & Markets 2013
Written by Surin Murugiah of theedgemalaysia.com
Tuesday, 07 May 2013 10:22
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KUALA LUMPUR (May 7): The FBM KLCI remained firmly above the
1,760-point level at mid-morning on Tuesday, as investors continued to
ride the post election wave.
At 10.10am, the FBM KLCI added a mere 9.77 points, a far cry from its
surge a day earlier to 1,761.79, lifted by select blue chips including
CIMB and Maybank.
Gainers led losers by 310 to 143, while 180 counters traded
unchanged. Volume was 425.95 million shares valued at RM604.39
million.
The top gainers at mid-morning included BAT, GAB, Sime Darby, CIMB,
Inno, milux, Daibochi, Petronas Dagangan and Tawin.
The actively traded counters included MAS, Patimas, CIMB, Asia
Media, Maybank, Green Packet, Takaso, MRCB and Tebrau Teguh.
The decliners included Shanri-La, Batu Kawan, LPI Capital, Hua Yang, HLFG and HDBS.
Asian shares inched higher on Tuesday after the Standard & Poor's 500 Index closed at a record high overnight on renewed
hopes for a steady U.S. recovery, but weak global growth data kept investors wary of pushing prices sharply higher,
according to Reuters.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent after hitting a 2-1/2-month high on Monday,
when market sentiment was buoyed by a much stronger-than-expected U.S. monthly employment report late last week, it
said.