Tenaga, Sime power KLCI up

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KUALA LUMPUR: Tenaga and Sime Darby powered the KLCI to a six-month high at the midday break on April 10 on fund buying, making it the best performer among regional markets. Hong Kong and Singapore were closed for Good Friday. At 12.30pm, the KL Composite Index jumped 20.65 points to 938.54, as sentiment was also boosted by investors' sentiment towards the new Cabinet line-up. Turnover was 663.27 million shares valued at RM632.87 million. Advancing counters hammered decliners 449 to 74 while 144 stocks were unchanged. Japan’s Nikkei 225 rose 0.21% to 8,934.73, Taiwan’s Taiex added 1.29% to 5,74-.7 and South Korea’s Kospi 0.6% higher to1,324.31. Light crude oil was at US$52.24 while crude palm oil fell RM19 to RM2,200. At Bursa, Tenaga chalked up the largest one-day gain since Sept 19 last year, rising 45 sen to RM6.55. The Sept 19 gain of 65 sen pushed Tenaga then to RM10.40. BAT was the top gainer, rising 50 sen to RM46.25, Utusan 30 sen to 90 sen while Nestle and Sime gained 25 sen each to RM29 and RM6.35. Up 25 sen were also LPI and Public Bank foreign to RM9.75 and RM8.10 while Tanjong and BCHB added 20 sen each to RM14.40 and RM7.70. Gula Perak was the most active with 39 million shares done, rising one sen to 5.5 sen. SAAG added two sen to 20 sen, MRCB 3.5 sen to RM1.01. Maybank-OR rose four sen to RM1.04. Among the decliners were Signarture, down 13 sen to RM1.05, Lebar Daun, six sen to RM1.39 while Amway fell five sen to RM7.15. Ingress lost 6.5 sen to 15.5 sen.