KUALA LUMPUR: The FBM KLCI inched closer to breaching the 1,460-point level in early trade on Monday, Sept 27 as the benchmark index advanced in line with the gains at key regional markets.
Asian markets rose this morning thanks to the higher closing at Wall Street last Friday. US stocks rose on a rebound in US business spending.
US durable goods orders for August rose 2% excluding transportation, after sliding 2.8% in July, but a decline in aircraft and motor vehicle bookings depressed overall orders 1.3%.
At the regional markets, Japan's Nikkei 225 jumped 1,42% to 9,606.25, Singapore's Straits Times Index gained 0.93% to 3,121.45, Taiwan's Taiex rose 0.71% to 8,224.82, the South Korean Kospi added 0.57% to 1,857.13, the Shanghai Composite Index up 0.36% to 2,600.96 while Hong Kong's Hang Seng Index opened 1% higher at 22,345.86.
On Bursa Malaysia, the 30-stock FBM KLCI was up 0.54% or 7.82 points to 1,459.01 at mid-morning. Gainers led losers by 287 to 113, while 198 counters traded unchanged.
Volume was 356.66 million shares valued at RM213.57 million.
Auto-related stocks advanced this morning after OSK Research maintained its overweight call on the sector. Tan Chong Motor rose 29 sen to RM5.95, APM Automotive gained 12 sen to RM4.67 and Proton added 10 sen to RM4.99.
Hong Leong Financial Group rose 11 sen to RM9.11, while YTL Cement, CIMB, Genting Malaysia and DiGi.Com gained 10 sen each to RM4.25, RM8.19, RM3.52 and RM24.10 respectively.
BAT was the to loser at mid-morning and fell 22 sen to RM47.48; DFZ Capital lost 20 sen to RM3.50, Glenealy fell 15 sen to RM4.50, LPI Capital and Gopeng lost six sen each to RM11.72 and RM1.27 respectively, UMS Holdings and Yen Global fell five sen each to RM1.30 and 39 sen respectively, while F&N lost four sen to RM14.76.
Karambunai shares were actively traded stock this morning after the company said it had not submitted an official proposal for an integrated resort in Sabah.
At 10am, Karambunai fell five sen to 13 sen with 88.3 million shares done.
Other actives this morning included SAAG, Genting Malaysia, Timecom and Talam.
Asian markets rose this morning thanks to the higher closing at Wall Street last Friday. US stocks rose on a rebound in US business spending.
US durable goods orders for August rose 2% excluding transportation, after sliding 2.8% in July, but a decline in aircraft and motor vehicle bookings depressed overall orders 1.3%.
At the regional markets, Japan's Nikkei 225 jumped 1,42% to 9,606.25, Singapore's Straits Times Index gained 0.93% to 3,121.45, Taiwan's Taiex rose 0.71% to 8,224.82, the South Korean Kospi added 0.57% to 1,857.13, the Shanghai Composite Index up 0.36% to 2,600.96 while Hong Kong's Hang Seng Index opened 1% higher at 22,345.86.
On Bursa Malaysia, the 30-stock FBM KLCI was up 0.54% or 7.82 points to 1,459.01 at mid-morning. Gainers led losers by 287 to 113, while 198 counters traded unchanged.
Volume was 356.66 million shares valued at RM213.57 million.
Auto-related stocks advanced this morning after OSK Research maintained its overweight call on the sector. Tan Chong Motor rose 29 sen to RM5.95, APM Automotive gained 12 sen to RM4.67 and Proton added 10 sen to RM4.99.
Hong Leong Financial Group rose 11 sen to RM9.11, while YTL Cement, CIMB, Genting Malaysia and DiGi.Com gained 10 sen each to RM4.25, RM8.19, RM3.52 and RM24.10 respectively.
BAT was the to loser at mid-morning and fell 22 sen to RM47.48; DFZ Capital lost 20 sen to RM3.50, Glenealy fell 15 sen to RM4.50, LPI Capital and Gopeng lost six sen each to RM11.72 and RM1.27 respectively, UMS Holdings and Yen Global fell five sen each to RM1.30 and 39 sen respectively, while F&N lost four sen to RM14.76.
Karambunai shares were actively traded stock this morning after the company said it had not submitted an official proposal for an integrated resort in Sabah.
At 10am, Karambunai fell five sen to 13 sen with 88.3 million shares done.
Other actives this morning included SAAG, Genting Malaysia, Timecom and Talam.
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