Published: Wednesday August 8, 2012 MYT 10:58:00 AM
KLCI rebounds, BAT and Petronas Dagangan lift
KUALA LUMPUR: Blue chips staged a rebound on Wednesday, with BAT and Petronas Dagangan among the major gainers, while key regional markets advanced on hopes that central banks would implement measures to boost growth.
At 10.36am, the FBM KLCI was up 3.62 points to 1,634.74. Turnover was 330.48 million shares valued at RM296.24mil. There were 222 gainers, 226 losers and 246 counters unchanged.
Bloomberg reported Asian stocks rose for a third day as speculation that central banks will take steps to spur growth and better-than-forecast US corporate earnings boosted the outlook for the economy. Oil and metals fell, while Japanese 10-year yields advanced to the highest level in one month.
At Bursa Malaysia, BAT jumped RM1.40 to RM60.78 with 14,600 shares done. This was a contrast from the late selling of BAT on Tuesday, where it fell RM2.68 to RM59.38 and dragged the KLCI down 1.48 points.
Naim Indah Corp was the most active with 26.14 million shares done, down 0.5 sen to 33.5 sen.
IHH fell five sen to RM3.20, giving up part of its Tuesday gains.
Pharmaniaga shed 18 sen to RM8.80. F&N lost 12 sen to RM20.22 after reported a weaker set of third quarter earnings for the period ended June 30.
BHIC fell nine sen to RM2.58. Its posted pre-tax losses of RM16.43mil in the second quarter compared with a pre-tax profit of RM2.74mil a year ago.