Genting, Sime lift KLCI in early trade

by **hlk** Tue 29 Nov 2011, 10:05

KUALA LUMPUR (Nov 29): Shares of GENTING BHD [] and Sime Darby lifted the FBM KLCI in early trade on Tuesday, as trading sentiment was given a boost by the firmer overnight close on Wall Street.

In New York, stocks rebounded from seven days of losses on Monday as investors used the latest effort from European leaders to resolve the region's debt crisis as an opportunity to cover short positions.

At Bursa Malaysia, the KLCI was up 7.78 points to 1,439.33 at 9.11am. Turnover was 127.77 million shares valued at RM96.36 million. The broader market was very positive with 298 gainers to 33 losers while 100 counters were unchanged.

Genting rose 22 sen to RM10.40 while Sime Darby’s strong first quarter results saw it adding 14 sen to RM8.80.

BAT was the top gainer, adding 60 sen to RM46 while HLFG gained 22 sen to RM11.38, Nestle, 20 sen to RM51.10, Esso 15 sen to RM3.56 and Batu Kawan 12 sen to RM16.70.