KUALA LUMPUR: The FBM KLCI staged a mild rebound on Thursday, Aug 26 and managed to cross the psychologically crucial 1,400-level at midday, in line with bargain hunting in key regional markets.
At 12.30pm, the FBM KLCI was up 0.3% or 4.46 points to 1,401.43, lifted by Maybank, CIMB, Sime Darby and PPB. Gainers trailed losers by 262 to 278, while 280 counters traded unchanged. Volume was 295.66 million shares valued at RM501.6 million.
Crude palm oil futures for the third month delivery rose RM10 per tonne to RM2,496 after falling to a one-month low on Wednesday; crude oil was up 41 cents per barrel to US$72.93 while gold was up 60 cents per ounce to US$1,240.65.
Key regional markets rose ahead of the US jobless claims data scheduled to be released today and second quarter GDP numbers due out on Friday.
Japan's Nikkei 225 was up 0.36% to 8,877.02, Hong Kong's Hang Seng Index added 0.11% to 20,658.46, the Shanghai Composite Index rose 0.58% to 2,611.69 and South Korea's Kospi Index added 0.30% to 1,740.02.
However, Taiwan's Taiex fell 0.28% to 7,715.64 and Singapore's Straits Times Index shed 0.04% to 2,925.28.
Concern about exposure to riskier assets continued to weigh on markets after US data on Wednesday heightened fears that the world's biggest economy may be at risk of sliding back into recession, according to Reuters.
US new home sales slumped to the slowest pace on record in July and durable goods orders were weaker than expected, suggesting growth could slow sharply without more government or central bank support, it said.
On Bursa Malaysia, the major gainers were Maybank that rose 12 sen to RM8.25, Sime Darby up 10 sen to RM7.86, PPB Group and Axiata up eight sen each to RM16.98 and RM4.50, while CIMB was up seven sen to RM7.92.
BAT rose 58 sen to RM44.40, Tradewinds up 20 sen to RM3.73, HELP gained 16 sen to RM4.01, Hartalega up 15 sen to RM7.78 and Hap Seng up 12 sen to RM2.77.
Putrajaya Perdana was the top loser this morning and fell 39 sen to RM3.81; LPI Capital fell 32 sen to RM17.88, Nestle down 28 sen to RM39.20, Wah Seong lost 14 sen to RM2.16, BHIC fell 13 sen to RM4.40 while Genting lost 11 sen to RM8.88.
Other losers included Cycle & Carriage, KFCH, DFZ Capital and Mamee.
At 12.30pm, the FBM KLCI was up 0.3% or 4.46 points to 1,401.43, lifted by Maybank, CIMB, Sime Darby and PPB. Gainers trailed losers by 262 to 278, while 280 counters traded unchanged. Volume was 295.66 million shares valued at RM501.6 million.
Crude palm oil futures for the third month delivery rose RM10 per tonne to RM2,496 after falling to a one-month low on Wednesday; crude oil was up 41 cents per barrel to US$72.93 while gold was up 60 cents per ounce to US$1,240.65.
Key regional markets rose ahead of the US jobless claims data scheduled to be released today and second quarter GDP numbers due out on Friday.
Japan's Nikkei 225 was up 0.36% to 8,877.02, Hong Kong's Hang Seng Index added 0.11% to 20,658.46, the Shanghai Composite Index rose 0.58% to 2,611.69 and South Korea's Kospi Index added 0.30% to 1,740.02.
However, Taiwan's Taiex fell 0.28% to 7,715.64 and Singapore's Straits Times Index shed 0.04% to 2,925.28.
Concern about exposure to riskier assets continued to weigh on markets after US data on Wednesday heightened fears that the world's biggest economy may be at risk of sliding back into recession, according to Reuters.
US new home sales slumped to the slowest pace on record in July and durable goods orders were weaker than expected, suggesting growth could slow sharply without more government or central bank support, it said.
On Bursa Malaysia, the major gainers were Maybank that rose 12 sen to RM8.25, Sime Darby up 10 sen to RM7.86, PPB Group and Axiata up eight sen each to RM16.98 and RM4.50, while CIMB was up seven sen to RM7.92.
BAT rose 58 sen to RM44.40, Tradewinds up 20 sen to RM3.73, HELP gained 16 sen to RM4.01, Hartalega up 15 sen to RM7.78 and Hap Seng up 12 sen to RM2.77.
Putrajaya Perdana was the top loser this morning and fell 39 sen to RM3.81; LPI Capital fell 32 sen to RM17.88, Nestle down 28 sen to RM39.20, Wah Seong lost 14 sen to RM2.16, BHIC fell 13 sen to RM4.40 while Genting lost 11 sen to RM8.88.
Other losers included Cycle & Carriage, KFCH, DFZ Capital and Mamee.
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