KUALA LUMPUR: The FBM KLCI looked set to breach the 1,480-point level in early trade on Wednesday, Sept 22 after extending its gains for the third day, lifted by blue chips including Genting, RHB Capital, Axiata and Sime Darby.
The market was given a boost after the government on Tuesday unveiled an ambitious multi-pronged plan to drive the economy while it had also identified investments worth US$444 billion over 10 years.
The strategy included a new mass transit system (MRT) to relieve congestion in Kuala Lumpur, to building a huge oil storage facility next to Singapore to form a regional oil products trading hub.
At 9.05am, the benchmark index was up 3.07 points to 1,479.06. Gainers led losers by 98 to 47, while 107 counters traded unchanged. Volume was 50.98 million shares valued at RM39.73 million.
Among the early gainers, Genting and Jaya Tiasa rose 12 sen each to RM10.48 and RM3.85, Handal was up 11 sen to 91 sen, P.I.E rose 10 sen to RM4.20 and RHB Capital was up nine sen to RM7.10.
Aeon Credit, Tradewinds and Landmarks gained seven each to RM3.89, RM4.01 and RM1.42, respectively; Axiata added five sen to RM4.56, Glomac added four sen to RM1.50 while Sime was up two sen to RM8.36.
Losers in early trade included BAT, Hong Leong Financial Group, Kossan and Genting Malaysia.
The market was given a boost after the government on Tuesday unveiled an ambitious multi-pronged plan to drive the economy while it had also identified investments worth US$444 billion over 10 years.
The strategy included a new mass transit system (MRT) to relieve congestion in Kuala Lumpur, to building a huge oil storage facility next to Singapore to form a regional oil products trading hub.
At 9.05am, the benchmark index was up 3.07 points to 1,479.06. Gainers led losers by 98 to 47, while 107 counters traded unchanged. Volume was 50.98 million shares valued at RM39.73 million.
Among the early gainers, Genting and Jaya Tiasa rose 12 sen each to RM10.48 and RM3.85, Handal was up 11 sen to 91 sen, P.I.E rose 10 sen to RM4.20 and RHB Capital was up nine sen to RM7.10.
Aeon Credit, Tradewinds and Landmarks gained seven each to RM3.89, RM4.01 and RM1.42, respectively; Axiata added five sen to RM4.56, Glomac added four sen to RM1.50 while Sime was up two sen to RM8.36.
Losers in early trade included BAT, Hong Leong Financial Group, Kossan and Genting Malaysia.
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