Plantations, Bursa keep FBM KLCI in positive zone

Tags: Asas | Bursa | Plantations

Written by Joseph Chin
Wednesday, 23 September 2009 13:09

KUALA LUMPUR: PLANTATION []s and Bursa Malaysia helped keep the benchmark FBM KLCI in the positive territory at the midday break on Sept 23 but the overall sentiment turned lacklustre in the absence of excitement from key regional markets.

At 12.30pm, the FBM KLCI was up 2.89 points to 1,224.09. Turnover was 377.84 million shares valued at RM490 million. There were 255 gainers, 271 losers and 218 stocks unchange.

Light crude oil fell 26 cents to US$71.50 while crude palm oil futures declined RM10 to RM2,180.

Key Asian markets were lacklustre while Japan was closed. Hong Kong's Hang Seng Index slipped 0.4% to 21,608.26 while Singapore's Straits Times Index was little changed at 2,681.93 and Shanghai's Composite Index also unchanged at 2,897.57.

Genting Plantations added 20 sen to RM6.24, KL Kepong and PPB gained 14 sen each to RM13.96 and RM16.04. EON Cap added 18 sen to RM5.49 and Bursa 13 sen to RM8.13 while BAT was the top gainer, adding 44 sen to RM44.90.

Asas, a small cap property stock jumped 20.5 sen to 79 sen in late morning trade.

OilCorp fell 5.5 sen to 26 sen with 15.8 million shares done after it announced that it had failed to meet its interest payment of RM1.64 million due and payable on Sept 17.

Nestle was the worst performer, down 86 sen to RM33.64 but with only 9,000 shares done. DiGi gave up 34 sen to RM21.30 with 651,600 shares done while Lafarge Cement and KLCCP lost 11 sen each to RM6.29 and RM3.41.