KLCI sustains gains as select blue chips lift

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KUALA LUMPUR (Sept 30): The FBM KLCI sustained its gains at teh midday break on Tuesday, lifted by gains at select blue chips.

At 12.30pm, the FBM KLCI added 6.22 points to 1,852.56.

Decliners edged advancers by 338 to 325, while 334 counters traded unchanged. Volume was 1.47 billion shares valued at RM987.09 million.

The top gainers included United Plantations, Dutch Lady, Nestle, Carlsberg, Mega First Corp, BAT, UMW, Hong Leong Bank and Scientex.

Asia Bio was the most actively traded counter with 129.85 million shares done. Teh stock fell 1.5 sen to 17.5 sen.

The other actives included MUI Industries, Berjaya Corp, Sumatec, Olympia, PDZ and Karambunai.

The top losers included Dana Infra, LPI Capital, KKB, Timecom, NCB, KLK, My E.G., and Engtex.

Regionally, Asian markets were in hesitant mood on Tuesday as investors wondered what China's response would be to civil unrest in Hong Kong, while the U.S. dollar was on track to post its biggest monthly gain in well over a year, according to Reuters.

Tens of thousands of pro-democracy protesters blocked Hong Kong streets on Tuesday, in one of the biggest political challenges to Beijing since the Tiananmen Square crackdown 25 years ago, it said.

JF Apex Securities Research said the FBM KLCI rose 5.84 points to 1846.34 points yesterday.

“Asian equity markets will likely decline on Tuesday as investors monitor developments in Hong Kong and await key data from China and Japan.

“We expect the FBM KLCI to hover above its support of 1,830 points,” it said.