Midday Market KLCI rises 0.8% at break

Business & Markets 2013
Written by Surin Murugiah of theedgemalaysia.com
Tuesday, 07 May 2013 12:34
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KUALA LUMPUR (May 7): The FBM KLCI rose 0.85% at the midday
break on Tuesday, continuing its ascend the post general election
euphoria.
At 12.30pm, the FBM KLCI rose 15.13 points to 1,767.15.
Gainers led losers by 544 to 170, while 199 counters traded
unchanged. Volume was 1.17 billion shares valued at RM1.84 billion.
The top gainers in the morning session included GAB, BAT, CIMB,
Gamuda, Allianz, UEM Land, Deleum, Aeon and Dayang.
The actives included MAS shares and warrants, TH Heavy Engineering,
Patimas, CIMB, Daya Materials, UEM Land, Tebrau Teguh, MRCB and
Maybank.
The losers included UMW, BLD PLANTATION []s, Zhulian and BDB.
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.