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| KLCI jumps 1.2% at midday |
| Written by Surin Murugiah | |||
| Tuesday, 19 May 2009 13:18 | |||
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Stocks on Bursa Malaysia traded mostly in positive territory, bolstered by the overnight rally at Wall Street and the recovery at key Asian markets, where Hong Kong's Hang Seng Index and the Singapore Straits Times Index (STI) added more than 3% each. At 12.30pm, the KLCI was up 1.27% or 12.81 points to 1,024.82. Turnover was 879.52 million shares valued at RM710.47 million. Gainers beat losers by 461 to 108, while 141 counters traded unchanged. Over at regional markets, the STI jumped 3.64% to 2,256.24, the Hang Seng was up 3.07% to 17,545.30, Japan's Nikkei 225 was up 2.77% to 9,289.15, the South Korean Kospi Index added 2.64% to 1,423.29, the Taiwan TAIEX Index added 1.04% to 6,646.20 and the Shanghai Composite Index was up 1.01% to 2,679.55. The Sensitive Index at the Mumbai Stock Exchange, however, fell 1.54% to 14,054.57 after having surged 17% the previous day and causing trading to be halted for the entire day. Light, sweet crude oil rose 22 cents per barrel to US$59.25 in electronic trading as at 1.10pm. On the Bursa Malaysia derivatives exchange, crude palm oil futures for July delivery rose RM31 per tonne to RM2,661 and was up RM64 per tonne to RM2,730 for June delivery. Among the major gainers on Bursa Malaysia were Malayan Banking Bhd, Axiata Group Bhd, Bumiputra-Commerce Holdings Bhd, IOI Corporation Bhd, Sime Darby Bhd, Genting Bhd, Tenaga Nasional Bhd and Kuala Lumpur Kepong Bhd. Maybank was up 19 sen to RM5.15, BCHB and KLK added 20 sen each to RM8.95 and RM11.30, respectively while Axiata Group rose 13 sen to RM2.34. IOI Corp and Genting rose 8 sen each to RM4.44 and RM4.90, respectively; Sime Darby and Tenaga added 5 sen each to RM6.70 and RM7.35, respectively while KNM Group Bhd was up 5.5 sen to 79.5 sen. Among the losers were Petronas Dagangan Bhd that fell 20 sen to RM7.80; Shell Refining Company (Federation of Malaya) Bhd, PPB Group Bhd and Pos Malaysia Bhd fell 10 sen each RM10.40, RM11 and RM2.40, respectively.
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