KUALA LUMPUR: Key Asian markets mostly stayed in positive territory at midday on Thursday, July 8, buoyed by the higher overnight closing at Wall Street, as well as a bullish company forecast that fuelled optimism about the coming U.S. earnings season and underpinned a slow return by investors to riskier assets.
Further good news came with the release of Australian employment figures that surged well above forecasts, promising to boost household incomes and spending and pushing the Australian dollar to its highest since late June, according to Reuters.
At Bursa Malaysia, the FBM KLCI gained 1.54 points to 1,313.29, lifted by gains including Sime Darby, CIMB and PPB.'' Market breadth was positive with gainers leading losers by 295 to 188, while 257 counters traded unchanged. Volume was 278.26 million shares valued at RM396.29 million.
Crude palm oil for the third month delivery jumped RM37 per tonne to RM2,287; gold rose US$1.90 per ounce to US$1,204.65 as strong physical buying kicked in after a recent drop to a six-week low. Meanwhile, crude oil rose 66 cents per barrel to US$74.73 on plunging US inventories.
Nikkei 225 +2.65% 9,525.81 Hang Seng Index +1.43% 20,141.32 Singapore's Straits Times Index +1.25% 2,896.84. Shanghai Composite Index -0.31% 2,413.70 Taiwan's Taiex Index +1.06% 7,614.57 Kospi +1.27% 1,697.01 ''
Among the major gainers on Bursa Malaysia, Sime Darby rose eight sen to RM7.72, CIMB and PLUS four sen each to RM7.04 and RM3.44, PPB up 20 sen to RM16.30 and Tanjong added 12 sen to RM17.78.
YTL Corp gained seven sen to RM7.38; Genting, AMMB and Genting Malaysia added two sen each to RM7.47, RM5.02 and RM2.64, respectively, while Maybank and Tenaga rose one sen each to RM7.55 and RM8.42.
Other gainers included DFZ Capital, Nestle, BAT and Top Glove.
Newly-listed SunREIT was the most actively traded counter with 55.49 million units done. The counter ended the morning session at 87.5 sen, down 2.5 sen from the institutional price of 90 sen. The retail offer price was 88 sen.
Sinotop's rights shares continued sliding and fell one sen to close at one sen at the mid-day break with 8.06 million units traded.
Other actives included Titan, AirAsia, Genting Malaysia and Berjaya Corp.
Teck Guan was the top loser and fell 13 sen to 43 sen. It reported that its outstanding receivables for more than 12 months totalled RM71.56 million. It expected full recovery by end of January 2012. It expected RM39.61 million to be settled within 12 months and the remaining RM31.95 million to be resolved within one to two years.
IOI Corp and Khind lost 11 sen each to RM4.98 and RM1.11, Kim Hin Industry and UMS Holdings down nine sen each to RM1.16 and RM1.19, while Handal and Perstima lost seven sen each to 63 sen and RM4.83.
Further good news came with the release of Australian employment figures that surged well above forecasts, promising to boost household incomes and spending and pushing the Australian dollar to its highest since late June, according to Reuters.
At Bursa Malaysia, the FBM KLCI gained 1.54 points to 1,313.29, lifted by gains including Sime Darby, CIMB and PPB.'' Market breadth was positive with gainers leading losers by 295 to 188, while 257 counters traded unchanged. Volume was 278.26 million shares valued at RM396.29 million.
Crude palm oil for the third month delivery jumped RM37 per tonne to RM2,287; gold rose US$1.90 per ounce to US$1,204.65 as strong physical buying kicked in after a recent drop to a six-week low. Meanwhile, crude oil rose 66 cents per barrel to US$74.73 on plunging US inventories.
Nikkei 225 +2.65% 9,525.81 Hang Seng Index +1.43% 20,141.32 Singapore's Straits Times Index +1.25% 2,896.84. Shanghai Composite Index -0.31% 2,413.70 Taiwan's Taiex Index +1.06% 7,614.57 Kospi +1.27% 1,697.01 ''
Among the major gainers on Bursa Malaysia, Sime Darby rose eight sen to RM7.72, CIMB and PLUS four sen each to RM7.04 and RM3.44, PPB up 20 sen to RM16.30 and Tanjong added 12 sen to RM17.78.
YTL Corp gained seven sen to RM7.38; Genting, AMMB and Genting Malaysia added two sen each to RM7.47, RM5.02 and RM2.64, respectively, while Maybank and Tenaga rose one sen each to RM7.55 and RM8.42.
Other gainers included DFZ Capital, Nestle, BAT and Top Glove.
Newly-listed SunREIT was the most actively traded counter with 55.49 million units done. The counter ended the morning session at 87.5 sen, down 2.5 sen from the institutional price of 90 sen. The retail offer price was 88 sen.
Sinotop's rights shares continued sliding and fell one sen to close at one sen at the mid-day break with 8.06 million units traded.
Other actives included Titan, AirAsia, Genting Malaysia and Berjaya Corp.
Teck Guan was the top loser and fell 13 sen to 43 sen. It reported that its outstanding receivables for more than 12 months totalled RM71.56 million. It expected full recovery by end of January 2012. It expected RM39.61 million to be settled within 12 months and the remaining RM31.95 million to be resolved within one to two years.
IOI Corp and Khind lost 11 sen each to RM4.98 and RM1.11, Kim Hin Industry and UMS Holdings down nine sen each to RM1.16 and RM1.19, while Handal and Perstima lost seven sen each to 63 sen and RM4.83.
No comments:
Post a Comment