29-08-2008: KLCI up 14 pts in mid-morning trade
By Surin Murugiah, 29 Aug 2008 9:54 AM
PETALING JAYA: The Kuala Lumpur Composite Index (KLCI) rose 13.75 points to 1,084.21 at mid-morning, led by the gains at Bumiputra-Commerce Holdings Bhd (BCHB) and other key blue chips
PETALING JAYA: The Kuala Lumpur Composite Index (KLCI) rose 13.75 points to 1,084.21 at mid-morning, led by the gains at Bumiputra-Commerce Holdings Bhd (BCHB) and other key blue chips.
The gains at the KLCI were also boosted by the overnight rally at Wall Street with the Dow Jones Industrial Average jumping 1.85% or 212.67 points to 11,715.18 points on better-than-expected GDP and job data amidst falling crude oil prices.
Trading volume was, however, thin with 92.24 million shares valued at RM137.54 million. Gainers outnumbered losers by 179 to 65, while 123 counters traded unchanged.
BCHB was the top gainer, adding 35 sen to RM8.25, while Jerasia Capital Bhd was up 29 sen to 72 sen.
Hwa Tai Industries Bhd, British American Tobacco (Malaysia) Bhd and YTL Corporation Bhd added 25 sen each to 65 sen, RM39.25 and RM6.40 respectively, while Kuala Lumpur Kepong Bhd, Public Bank Bhd and Genting Bhd rose 20 sen each to RM11.70, RM10.10 and RM5.50, respectively.
Dutch Lady Milk Industries Bhd was the top loser, falling 20 sen to RM11.70, while APM Automotive Holdings Bhd fell 13 sen to RM1.98.
Batu Kawan Bhd and MNRB Holdings Bhd lost 10 sen each to RM8.15 and RM4.20 respectively, while Sunway Infrastructure Bhd and Pacific & Orient Bhd fell six sen each to 22 sen and RM1.17, respectively.