Mid-morning Market KLCI climbs to fresh all-time high

Mid-morning Market KLCI climbs to fresh all-time high
Business & Markets 2013
Written by Surin Murugiah of theedgemalaysia.com
Wednesday, 15 May 2013 10:18


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KUALA LUMPUR (May 15): The FBM KLCI climbed to a fresh all-time high at mid-morning on Wednesday, riding on sustained buying momentum after the general elections last weekend.
At 10.05am, the FBM KLCI added 5.44 points to 1,793.87.
Gainers led losers by 438 to 146, while 227 counters traded unchanged. Volume was 916.85 million shares valued at RM418.84 million.
The top gainers at mid-morning included Petronas Gas, Dutch Lady, Pharmaniaga, Prestariang, Oriental, BAT, PPB, Aeon Credit, Aeon and Pos Malaysia.
Naim Indah Corp was the most actively traded counter with 92.4 million shares done. The stock rose 2.5 sen to 22.5 sen.
The other actives included Hubline, Karambunai, Patimas, Harvest Court, China Automobiles, HWGB and TMS.
The decliners included Dana Infra, Cahya Mata Sarawak, JobStreet, Media Prima, New Hoong Fatt, Lysaght, Sui Wah and Tasco.
Asian shares were steady on Wednesday, with Tokyo stocks surging to a fresh 5-1/2 year high as Japanese exporters rallied on the yen's sharp slide, according to Reuters.
The yen hovered near a 4-1/2 year low versus the dollar set on Tuesday, with yen bears remaining largely in control since the Japanese currency's slide accelerated after Bank of Japan's April 4 launch of drastic monetary stimulus, it said.