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Midday Market KLCI reverses loss, edges up marginally
by Cals Tue 18 Jun 2013, 14:49
| Midday Market KLCI reverses loss, edges up marginally |
| Business & Markets 2013 |
| Written by Surin Murugiah of theedgemalaysia.com |
| Tuesday, 18 June 2013 12:42 |
KUALA LUMPUR (June 18): The FBM KLCI reversed its losses at the midday break on Tuesday and edged up marginally.
At 12.30pm, the FBM KLCI added 0.19 points to 1,772.36.
Gainers overtook losers by 309 to 297, while 306 counters traded unchanged. Volume was 817.13 million shares valued at RM715.39 million.
The top gainers included Aeon Credit, United PLANTATION []s, GAB, Cahya Mata Sarawak, Genting Plantations, Kossan, Hartalega, Jerasia and Cepco.
Luster was the most actively traded counter with 173.59 million shares done. The stock added half a sen to 24.5 sen.
The other actives included Winsun, Etitech, TMS, Malton, Asiapac and Patimas.
The decliners included BAT, Petronas Dagangan, Dutch Lady, Oriental, Genting, Hong Leong Industries, KAF, Takaful and Star.
Meanwhile, Asian shares were pressured on Tuesday despite an overnight rise in global markets, with investors on tenterhooks for news of the Fed's plans for its stimulus programme from the two-day monetary meeting starting later in the session, according to Reuters.
Turbulence in global financial markets over the past month was triggered by Fed Chairman Ben Bernanke saying the Fed may decide on slowing its $85 billion monthly purchases of Treasuries and mortgage-backed securities in its next few meetings if the economy showed signs of improving, it said.
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