KUALA LUMPUR: Asian markets including Bursa Malaysia opened higher on Wednesday, June 16, as investors' sentiment was bolstered by the overnight rally on Wall Street.
US stocks jumped on Tuesday as investors went on a buying binge. The S&P 500 turned positive for the year and rose above its 200-day moving average for the first time in a month, suggesting the recent downtrend may be nearing an end, according to Reuters.
Investors were motivated by successful debt auctions in Spain, Belgium and Ireland, which lifted some of the gloom over Europe's debt crisis. The euro rallied against the dollar and pushed commodity prices higher, it said.
At Bursa Malaysia, the FBM KLCI breached the psychological 1,300-level when it opened for trade on Wednesday.
At 9.05am, FBM KLCI was up 5.93 points to 1,304.30, lifted by the gains including at CIMB, Genting and MISC.
Gainers thumped losers 100 to 11, while 65 counters traded unchanged. Volume was 29.33 million shares valued at RM25.45 million.
CIMB added 12 sen to RM7.01, Genting and Genting PLANTATION []s were up six sen each to RM7.23 and RM6.78, while MISC was up five sen to RM8.53.
Other gainers in early trade included Unisem, Media Prima, KPJ Healthcare, Keck Seng and Yee Lee.
US stocks jumped on Tuesday as investors went on a buying binge. The S&P 500 turned positive for the year and rose above its 200-day moving average for the first time in a month, suggesting the recent downtrend may be nearing an end, according to Reuters.
Investors were motivated by successful debt auctions in Spain, Belgium and Ireland, which lifted some of the gloom over Europe's debt crisis. The euro rallied against the dollar and pushed commodity prices higher, it said.
At Bursa Malaysia, the FBM KLCI breached the psychological 1,300-level when it opened for trade on Wednesday.
At 9.05am, FBM KLCI was up 5.93 points to 1,304.30, lifted by the gains including at CIMB, Genting and MISC.
Gainers thumped losers 100 to 11, while 65 counters traded unchanged. Volume was 29.33 million shares valued at RM25.45 million.
CIMB added 12 sen to RM7.01, Genting and Genting PLANTATION []s were up six sen each to RM7.23 and RM6.78, while MISC was up five sen to RM8.53.
Other gainers in early trade included Unisem, Media Prima, KPJ Healthcare, Keck Seng and Yee Lee.
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