KUALA LUMPUR: The market snapped its three days of losses on Friday, 13, as sentiment perked up among key regional markets despite the weaker overnight close of Wall Street, aided by a rebound in commodities.
At Bursa Malaysia, the FBM KLCI rebounded, aided by gains in GENTING BHD [] after AmResearch raised its fair value for the stock to RM10.67 from RM7.66 previously.
At 12.30pm, the FBM KLCI rose 8.07 points to 1,357.40. Turnover was 554.27 million shares valued at RM651 million. There were 391 gainers, 222 losers and 240 stocks unchanged.
Light crude oil rose 95 cents to US$76.69 while crude palm oil futures climbed RM33 to RM2,673.
Nikkei 225 +0.24%
9,234.77 Hang Seng Index +0.07% 21,120.46 Shanghai Composite Index +0.38% 2,585.38 Singapore Straits Times Index +0.41% 2,939.10
Genting Bhd rose 47 sen to RM8.17, pushing up the 30-stock FBM KLCI Index up by a hefty 4.23 points.'' Genting Singapore-C6rose 25 sen to 48.5 sen, Genting Singapore-CA rose 12.5 sen to 23 sen while Genting PLANTATION []s added 15 sen to RM7.28. Genting Malaysia rose five sen to RM2.79.
AmResearch said Genting's FY10F net profit forecast was now at RM2.8 billion from RM1.3 billion due to higher contributions from Genting Singapore.
BAT rose 44 sen to RM44 and F&N 30 sen to RM13.88.
Sinotop was the most active with 42.72 million shares done, unchanged at 17 sen.
Nestle fell 20 sen to RM39, PPB 18 sen to RM17.18, KLK 16 sen to RM16.94.
At Bursa Malaysia, the FBM KLCI rebounded, aided by gains in GENTING BHD [] after AmResearch raised its fair value for the stock to RM10.67 from RM7.66 previously.
At 12.30pm, the FBM KLCI rose 8.07 points to 1,357.40. Turnover was 554.27 million shares valued at RM651 million. There were 391 gainers, 222 losers and 240 stocks unchanged.
Light crude oil rose 95 cents to US$76.69 while crude palm oil futures climbed RM33 to RM2,673.
Nikkei 225 +0.24%
9,234.77 Hang Seng Index +0.07% 21,120.46 Shanghai Composite Index +0.38% 2,585.38 Singapore Straits Times Index +0.41% 2,939.10
Genting Bhd rose 47 sen to RM8.17, pushing up the 30-stock FBM KLCI Index up by a hefty 4.23 points.'' Genting Singapore-C6rose 25 sen to 48.5 sen, Genting Singapore-CA rose 12.5 sen to 23 sen while Genting PLANTATION []s added 15 sen to RM7.28. Genting Malaysia rose five sen to RM2.79.
AmResearch said Genting's FY10F net profit forecast was now at RM2.8 billion from RM1.3 billion due to higher contributions from Genting Singapore.
BAT rose 44 sen to RM44 and F&N 30 sen to RM13.88.
Sinotop was the most active with 42.72 million shares done, unchanged at 17 sen.
Nestle fell 20 sen to RM39, PPB 18 sen to RM17.18, KLK 16 sen to RM16.94.
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