April 20, 2010

FBM KLCI recovers, stays positive at mid-morning

KUALA LUMPUR: The FBM KLCI recovered and stayed in positive territory in morning trade Tuesday, April 20, in line with some of the gains at regional markets that had tumbled on Monday on the back of the fraud charges brought against Goldman Sachs Group Inc last week.

At 10am, the FBM KLCI was up 5.99 points to 1,332.66. Trading volume was 151.99 million shares valued at RM159.77 million. Gainers led losers by 298 to 91, while 161 counters traded unchanged.

Among the top gainers this morning were rubber glove makers Top Glove Corp Bhd and Supermax Corp Bhd that added 32 sen and 14 sen respectively to RM12.72 and RM7.04, respectively.

BAT added 36 sen to RM43.90, Tanjong was up 16 sen to RM17.60, Kim Loong Resources gained 14 sen to RM2.16, MPI up 13 sen to RM7 and Tenaga added 12 sen to RM8.55.

Meanwhile, Lafarge Malayan Cement, DFZ Capital and RHB Capital gained 10 sen each to RM6.60, RM4.25 and RM6.10, respectively.

Ta Ann was the top loser and fell 17 sen to RM5.36. United PLANTATION []s lost 10 sen to RM14.08, Aeon Credit fell 6 sen to RM4.02, Amway and CCB lost 5 sen each to RM7.30 and RM5.13, while Alam Maritim fell 4 sen to RM1.80.

KNM Group was the most actively traded counter with 19.1 million shares done. The counter fell one sen to 61.5 sen. Other actively traded stocks this morning included Ramunia and Scomi.

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Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;

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