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NewsKLCI closes at 9-day high, AirAsia in focus
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KLCI closes at 9-day high, AirAsia in focus
by hlk Fri 25 May 2012, 19:28
KUALA LUMPUR: Blue chips closed off their best on Bursa Malaysia ahead of the weekend due to external uncertainties but a rally in the European bourses galvanised sentiment somewhat while Asian markets were mixed.
AirAsia was in focus, notching a 14 sen gain to close at RM3.60, pushing up the KLCI 0.91 point.
At 5pm, the FBM KLCI was up 2.87 points or 0.19% to 1,551.12, the highest since May 15. The KLCI traded between 1,547 and 1,552.
Turnover was 875.54 million shares valued at RM1.18bil. There were 432 gainers, 266 losers and 307 stocks unchanged.
Among the key regional markets, Japan's Nikkei 225 added 0.2% to 8,580.39; Hong Kong's Hang Seng Index 0.25% to 19,713.41 and South Korea's Kospi added 0.53% to 1,824.17
Shanghai's Composite Index fell 0.74% to 2,333.55; Taiwan's Taiex 0.75% to 7,071.63 and Singapore's Straits Times Index slipped 0.24% to 2,772.75.
Crude palm oil third-month futures rebounded, adding RM80 to RM3,149, the highest since May 15 as a 11% fall in prices this month spurred strong buying interest while exports from Malaysia rose.
The ringgit was firmer at 3.1535. Brent added 51 cents to US$107.06 per barrel while spot gold rose 0.25% or US$3.93 to US$1,563.23.
At Bursa Malaysia, JTI was the top gainer, up 45 sen to RM7.27 after it declared a special cash dividend of 24 sen per share following its first quarter earnings.
BAT rose 38 sen to RM52 while Allianz added 26 sen to RM4.80 and Allianz-PA 24 sen to RM4.75.
Maybank rose three sen to RM8.53, YTL two sen to RM1.77 and YTL Power three sen to RM1.69 while Public Bank added two sen to RM13.62.
SapuraKenanca Petroleum was the most active with 48 million shares done. It rose to a high of RM2.21 before retreating to close just six sen higher at RM2.15. Its reference price was RM2.24 when the merged entity was listed on May 17. SKPetro-CB rose 1.5 sen to 20 sen.
Amway, which had a strong run-up in recent week, fell 26 sen to RM9.74. MISC fell 16 sen to RM4.02 and KLK 14 sen to RM22.02 while HL Bank shed 10 sen to Rm12.10.
Permaju lost 10 sen to 80 sen after it announced its subsidiary has received an offer from Permanent Engineering Sdn Bhd to build a hypermarket which be leased to Mydin Mohamed Holdings Bhd. The hypermarket would cost RM150mil.
AirAsia was in focus, notching a 14 sen gain to close at RM3.60, pushing up the KLCI 0.91 point.
At 5pm, the FBM KLCI was up 2.87 points or 0.19% to 1,551.12, the highest since May 15. The KLCI traded between 1,547 and 1,552.
Turnover was 875.54 million shares valued at RM1.18bil. There were 432 gainers, 266 losers and 307 stocks unchanged.
Among the key regional markets, Japan's Nikkei 225 added 0.2% to 8,580.39; Hong Kong's Hang Seng Index 0.25% to 19,713.41 and South Korea's Kospi added 0.53% to 1,824.17
Shanghai's Composite Index fell 0.74% to 2,333.55; Taiwan's Taiex 0.75% to 7,071.63 and Singapore's Straits Times Index slipped 0.24% to 2,772.75.
Crude palm oil third-month futures rebounded, adding RM80 to RM3,149, the highest since May 15 as a 11% fall in prices this month spurred strong buying interest while exports from Malaysia rose.
The ringgit was firmer at 3.1535. Brent added 51 cents to US$107.06 per barrel while spot gold rose 0.25% or US$3.93 to US$1,563.23.
At Bursa Malaysia, JTI was the top gainer, up 45 sen to RM7.27 after it declared a special cash dividend of 24 sen per share following its first quarter earnings.
BAT rose 38 sen to RM52 while Allianz added 26 sen to RM4.80 and Allianz-PA 24 sen to RM4.75.
Maybank rose three sen to RM8.53, YTL two sen to RM1.77 and YTL Power three sen to RM1.69 while Public Bank added two sen to RM13.62.
SapuraKenanca Petroleum was the most active with 48 million shares done. It rose to a high of RM2.21 before retreating to close just six sen higher at RM2.15. Its reference price was RM2.24 when the merged entity was listed on May 17. SKPetro-CB rose 1.5 sen to 20 sen.
Amway, which had a strong run-up in recent week, fell 26 sen to RM9.74. MISC fell 16 sen to RM4.02 and KLK 14 sen to RM22.02 while HL Bank shed 10 sen to Rm12.10.
Permaju lost 10 sen to 80 sen after it announced its subsidiary has received an offer from Permanent Engineering Sdn Bhd to build a hypermarket which be leased to Mydin Mohamed Holdings Bhd. The hypermarket would cost RM150mil.
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