Blue chips push FBM KLCI above 1,570-level

KUALA LUMPUR: The FBM KLCI closed firmly higher on Tuesday, June 27 and surpassed the 1,570-level as blue chips rose and Main Market debutant MSM Holdings Bhd saw 101 million shares traded.

The FBM KLCI rose 0.48% or 7.50 points to 1,570.02, lifted by gains including at Genting, RHB Capital, Petronas Gas and CIMB.

Gainers led losers by 492 to 278, while 303 counters traded unchanged. Volume was 935.53 million shares valued at RM1.92 billion.

Sugar refiner and distributor MSM made an impressive debut on Bursa Malaysia and soared RM1.39 to RM4.89 with 101.19 million shares traded.

Other gainers included BAT and NCB that added 40 sen each to RM46.10 and RM4.12, RHB Capital up 34 sen to RM9.16, Petronas Gas 32 sen to RM13.20, Genting 26 sen to RM11.18, CIMB 23 sen to RM8.98,Hong Leong Industries and Litrak 20 sen each to RM4.17 and RM3.90, while Fima Corp added 18 sen to RM6.30.

Among the decliners, Panasonic fell 44 sen to RM24.36, Malayan Flour Mills down 24 sen to RM7.76, Chin Teck 15 sen to RM8.50, Dutch Lady 14 sen to RM18.54, Nestle 10 sen to RM47.40, Voir nine sen to 50 sen, Manulife eight sen to RM3 and Nakamichi seven sen to 88.5 sen.

The actives included Ingenuity Solutions, UEM Land, Focus, CIMB, Axiata. HWGB and Ramunia.

Regional markets mostly closed in the black amid cautious trade ahead of Greece's vote on austerity measures later in the week vying with optimism about France's agreement to roll over holdings of mature Greek debt.

Japan’s Nikkei 225 rose 0.74% to 9,648.98, Hong Kong’s Hang Seng Index was up 0.09% to 22,961.78, the Shanghai Composite Index edged up 0.04% to 2,759.20 and Singapore’s Straits Times added 0.08% to 3,050.79.

Meanwhile, South Korea’s Kospi fell 0.36% to 2,062.91 and Taiwan’s Taiex shed 0.25% to 8,478.86.