April 26, 2010

Key regional markets up, FBM KLCI flat

KUALA LUMPUR: Blue chips gave up part of their early morning gains on Monday, April 26 following the lack of follow-through buying interest with Maybank, CIMB and AMMB notching small gains only.

This was despite the firmer key regional markets including Tokyo's Nikkei 225 and Hong Kong's Hang Seng Index.

At 12.30pm, the FBM KLCI was just 0.9 of a point higher or 0.07% up at 1,337.68. Turnover was 394.16 million shares valued at RM381.71 million. There were 290 gainers, 253 losers and 292 stocks unchanged.

The Nikkei 225 rose 2.13% to 11,147.32, Hang Seng Index added 1.63% to 21,591.19, Singapore's Straits Times Index 0.49% higher at 3,003.04 and Shanghai's Composite Index added 0.14% 2,987.57.

Light crude oil rose 17 cents to US$85.29, US spot gold added 85 cents to US$1,158.45 and crude palm oil futures advanced RM16 to RM2,556.

Among banks, HLFG 11 sen to RM8.73, Maybank added three sen to RM7.50, CIMB four sen to RM14.24, AMMB five sen to RM5.05 and Public Bank two sen to RM12.02. Tenaga added four sen to RM8.44 while BAT climbed 28 sen to RM43.18.

Cepco was the top gainer, adding 33 sen to RM2.73 with 1,400 shares done, Allianz 23 sen to RM5.56 and PacMas 21 sen to RM4.48.

Talam was the most active with 61.13 million shares done, up one sen to 16.5 sen.

MEASAT GLOBAL BHD [] slipped to a near month's low in the absence of fresh news following recent speculation it would be taken private after Astro. Measat was down 20 sen to RM2.75 while Astro eased two sen to RM4.24.

Jetson slipped 15 sen to RM2 while education group HELP eased eight sen to RM2.46.
Among index-linked stocks, Sime shed five sen to RM8.76, PPB six sen to RM17.78 and MISC three sen to RM8.97

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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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