KUALA LUMPUR: The FBM KLCI broke the psychological 1,300 level on Wednesday, June 16 as it advanced in line with the overall positive sentiment at key regional markets.
Asian markets rose Wednesday after successful European debt auctions boosted hopes for global growth and lifted commodity prices, as well as on the overnight rally at Wall Street.
The euro steadied near its highest in two weeks, and easing fears about Europe's debt crisis also fueled gains for higher-yielding currencies such as the Australian dollar, according to Reuters.
Industrial raw materials also gained, with copper up for the seventh day, while crude oil extended its rally into a third day, it said.
At the Asian markets, Japan's Nikkei 225 jumped 2.03% to 10,088.69, Singapore's Straits Times Index added 1.18% to 2,851.35 and South Korea's Kospi Index gained 0.90% to 1,705.32.
The Hong Kong, China and Taiwan stock markets are closed for holidays.
At Bursa Malaysia, the FBM KLCI gained 0.91% or 11.85 points to 1,310.22, staying firmly above 1,300 for the first time since May 20 this year.
Gains including at CIMB, Sime Darby, Genting, Tenaga and Public Bank lifted the benchmark index at midday. Advancing stocks beat decliners 424 to 130, while 195 counters traded unchanged. Volume was 367.45 million shares valued at RM489.88 million.
Commodity prices also advanced, as crude oil added 11 cents per barrel to US$77.05 while crude palm oil for the third month delivery rose RM11 to RM2,381 per tonne.
CIMB rose 16 sen to RM7.05, Sime Darby up 14 sen to RM7.95, Genting 11 sen to RM7.28, Tenaga eight sen to RM8.39 and Public Bank six sen to RM11.66, while PPB Group added 22 sen to RM16.30.
Other major gainers included MISC, Axiata, Maybank and IOI Corp.
Among the decliners, LPI Capital 14 sen to RM15.18, Sungei Bagan and DFZ Capital lost 10 sen each to RM2.30 and RM3.42, respectively while K-Star Sports fell eight sen to RM1.87.
Talam was the most actively traded counter with 56.6 million shares done. It was unchanged at 12.5 sen.
Other actives included ADVANCE INFORMATION MARKETING [], KNM, Saag, Kumpulan Europlus and Kenmark.
Asian markets rose Wednesday after successful European debt auctions boosted hopes for global growth and lifted commodity prices, as well as on the overnight rally at Wall Street.
The euro steadied near its highest in two weeks, and easing fears about Europe's debt crisis also fueled gains for higher-yielding currencies such as the Australian dollar, according to Reuters.
Industrial raw materials also gained, with copper up for the seventh day, while crude oil extended its rally into a third day, it said.
At the Asian markets, Japan's Nikkei 225 jumped 2.03% to 10,088.69, Singapore's Straits Times Index added 1.18% to 2,851.35 and South Korea's Kospi Index gained 0.90% to 1,705.32.
The Hong Kong, China and Taiwan stock markets are closed for holidays.
At Bursa Malaysia, the FBM KLCI gained 0.91% or 11.85 points to 1,310.22, staying firmly above 1,300 for the first time since May 20 this year.
Gains including at CIMB, Sime Darby, Genting, Tenaga and Public Bank lifted the benchmark index at midday. Advancing stocks beat decliners 424 to 130, while 195 counters traded unchanged. Volume was 367.45 million shares valued at RM489.88 million.
Commodity prices also advanced, as crude oil added 11 cents per barrel to US$77.05 while crude palm oil for the third month delivery rose RM11 to RM2,381 per tonne.
CIMB rose 16 sen to RM7.05, Sime Darby up 14 sen to RM7.95, Genting 11 sen to RM7.28, Tenaga eight sen to RM8.39 and Public Bank six sen to RM11.66, while PPB Group added 22 sen to RM16.30.
Other major gainers included MISC, Axiata, Maybank and IOI Corp.
Among the decliners, LPI Capital 14 sen to RM15.18, Sungei Bagan and DFZ Capital lost 10 sen each to RM2.30 and RM3.42, respectively while K-Star Sports fell eight sen to RM1.87.
Talam was the most actively traded counter with 56.6 million shares done. It was unchanged at 12.5 sen.
Other actives included ADVANCE INFORMATION MARKETING [], KNM, Saag, Kumpulan Europlus and Kenmark.
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