FBM KLCI ends morning session higher; up 8.46 pts

by **hlk** Tue 28 May 2013, 13:16

KUALA LUMPUR: The FBM KLCI ended the morning session higher tracking
regional cues, and pared off losses recorded earlier, amidst Japan's
volatile Nikkei 225.
At 12.30pm, the local bourse climbed 8.46 points or 0.48% to 1,775.59 after opening in the red in early trade.
There were 468 gainers, 224 losers and 270 unchanged counters, with 1.211 billion shares traded valued at RM1.2 billion.
The local barometer was buoyed by gains in selected heavyweights namely, Petronas Chemicals which gained 10 sen to RM6.58, Genting up 16 sen to RM10.32, Tenaga rose 10 sen to RM8.45 and CIMB climbed 7 sen to RM8.48.
Regionally,
Japan's Nikkei 225, swung in between gains and losses as the weakening
Yen sets doubts on investors' perception on Japanese equities.
SapuraKencana and Dayang
both surged 18 sen to RM4.08 and 20 sen to RM5.10 respectively, after
both companies announced oil and gas contracts awarded for the provision
of their services.
New entrant to Bursa Malaysia, Matrix
Concepts ended the morning session up 38 sen to RM2.58. During the
session, it went up as high as gaining 53 sen to RM2.73 compared to its
initial public offering price of RM2.20.
Among actives TH Heavy gained 4 sen to 85 sen, Alam Maritim climbed 9 sen to RM1.34, and Tiger Synergy shed 6.5 sen to 28.5 sen.
Top gainers, AEON gained 30 sen to RM17, Petronas Gas rose 24 sen to RM21.26, Huayang up 22 sen to RM3.13 and Kimlun increased 19 sen to RM2.10.
Losers, Carlsberg down 14 sen to RM15.96, MHB declined 12 sen to RM3.33, Pharmaniaga shed 10 sen to RM9.98 and Tan Chong decreased 8 sen to RM6.78.
Key
regional markets were broadly higher with Japan's Nikkei 225 up 0.94%
to 14,276.20, Hong Kong's Hang Seng Index gained 0.14% to 22,716.86,
Shanghai's Composite Index inched up 0.16% to 2,296.46.
Taiwan's
Taiex was 0.7% lower at 8,274.50, South Korea's Kospi up 0.44% to
1,988.61, and Singapore's Straits Times Index increased 0.22% to
3,398.73.
US light crude oil was down 44 cents to US$93.71, while Brent inched down 1 cent to US$102.61.
Spot gold was down US$4.61 to US$1,390.17, while the Ringgit weakened against the greenback to 3.0402.