Midday Market KLCI rises 0.39%, extends gain for third day

Business & Markets 2013
Written by Surin Murugiah of theedgemalaysia.com
Tuesday, 21 May 2013 12:42
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KUALA LUMPUR (May 21): The FBM KLCI extended its gains for a
third day running, rising 0.39% at the midday break.
At 12.30pm, the FBM KLCI rose 6.99 points to 1,784.14.
Gainers led losers by 526 to 32, while 264 counters traded unchanged.
Volume was 1.74 billion shares valued at RM1.43 billion.
Among the top gainers in the morning session were Pharmaniaga, YHN
PROPERTIES [], Crescendo, Asia Brands, Dialog, Tenaga, Pnenitude
and Naim.
Luster was the most actively traded counter with 97.79 million shares
done. The stock was unchanged at 18 sen.
The other actives included Naim Indah Corp, Daya Materials, Globaltec,
Tiger Synergy, Trinity, Ingenco, TH Heavy Engineering and Century
Software.
The losers included Lysaght, Aeon Credit, Manulife, Shell, Affin, Batu
Kawan, Kluang, BAT and Boxpak.
Meanwhile, the dollar nursed losses versus a basket of currencies on
Tuesday, having retreated the previous day as traders pared back
expectations that U.S. Federal Reserve Chairman Ben Bernanke would
hint at tapering bond buying this week, according to Reuters.
The market's focus is shifting to Bernanke's testimony to Congress on
Wednesday after recent comments by Fed officials fuelled speculation
the U.S. central bank may trim its bond purchases sooner than
expected, it said.