KUALA LUMPUR: The FBM KLCI rose to its highest level since January 2008, in line with the overall positive sentiment at the regional markets on the back of the recent encouraging economic data from China and the US while the stronger ringgit also attracted foreign funds interest into local equities.
The FBM KLCI jumped 13.96 points to 1,451.74 at the mid-day break, lifted by gains in banking stocks and key blue chips including Tenaga, Sime Darby, Genting and UMW. The 30-stock index had earlier risen to as high as 1,452.88, the highest level since Jan 16, 2008 when it closed at 1,453.66.
Gainers led losers by 403 to 206, while 265 counters traded unchanged. Volume was 401.76 million shares valued at RM891.91 million.
The ringgit continued to strengthen against the US dollar and at 1.22pm, it was at 3.1008, up 0.0047 from the previous close of 3.1055. Crude palm oil futures added RM16 to RM2,639. Light crude oil added 75 sen to US$77.20.
The positive factors driving the market including key Asian markets were Chinese factories increased production in August and money growth easily topped analysts' expectations, according to data on Saturday, showing that the economy remained buoyant despite government efforts to clamp down on bank lending and property speculation.
Recent data from the US have helped dispel fears that it could be sliding into recession.
Hang Seng Index
+1.91%
21,662.68
Nikkei 225
+1.48%
9,375.62
Taiex
+2.22%
8,065.36
Shanghai Composite Index
+0.94%
2,688.34
Singapore's Straits Times Index
+0.82%
3,047.01
Kospi Index
+0.75%
1,816.10
At Bursa Malaysia, Tenaga added 16 sen to RM9.11, UMW up 12 sen to RM6.72, Genting up 14 sen to RM9.55 and Sime Darby rose 10 sen to RM8.30.Among banking stocks, RHB Capital rose nine sen to RM7.19, Maybank eight sen to RM8.50, CIMB seven sen to RM7.97, AMMB four sen to RM5.97 and Public Bank added two sen to RM12.30.
Nestle and Panasonic rose 50 sen each to RM42 and RM21, United Malacca and PPB added 30 sen each to RM10.90 and rM17.14, Top Glove gained 26 sen to RM5.94, Loh Loh up 20 sen to RM4.30 while Bursa, LPI Capital and KFCH added 18 sen each to RM7.47, RM11.96 and RM3.26, respectively.
BAT was the top loser and fell 74 sen to RM46.98; Shell lost 34 sen to RM10.50, Bintulu Port down 25 sen to RM6.60, PacificMas and LTKM lost 11 sen each to RM4.62 and RM1.84, while Berjaya Media and Sarawak Oil Palms fell eight sen each to 45.5 sen and RM2.72.
KNM was the most active with 20.1 million shares done. The stock added half a sen to 41 sen. Other actives included Maybank, Tejari, P O, Silver Bird Group, Axiata, Carotech and Genting.
The FBM KLCI jumped 13.96 points to 1,451.74 at the mid-day break, lifted by gains in banking stocks and key blue chips including Tenaga, Sime Darby, Genting and UMW. The 30-stock index had earlier risen to as high as 1,452.88, the highest level since Jan 16, 2008 when it closed at 1,453.66.
Gainers led losers by 403 to 206, while 265 counters traded unchanged. Volume was 401.76 million shares valued at RM891.91 million.
The ringgit continued to strengthen against the US dollar and at 1.22pm, it was at 3.1008, up 0.0047 from the previous close of 3.1055. Crude palm oil futures added RM16 to RM2,639. Light crude oil added 75 sen to US$77.20.
The positive factors driving the market including key Asian markets were Chinese factories increased production in August and money growth easily topped analysts' expectations, according to data on Saturday, showing that the economy remained buoyant despite government efforts to clamp down on bank lending and property speculation.
Recent data from the US have helped dispel fears that it could be sliding into recession.
Hang Seng Index
+1.91%
21,662.68
Nikkei 225
+1.48%
9,375.62
Taiex
+2.22%
8,065.36
Shanghai Composite Index
+0.94%
2,688.34
Singapore's Straits Times Index
+0.82%
3,047.01
Kospi Index
+0.75%
1,816.10
At Bursa Malaysia, Tenaga added 16 sen to RM9.11, UMW up 12 sen to RM6.72, Genting up 14 sen to RM9.55 and Sime Darby rose 10 sen to RM8.30.Among banking stocks, RHB Capital rose nine sen to RM7.19, Maybank eight sen to RM8.50, CIMB seven sen to RM7.97, AMMB four sen to RM5.97 and Public Bank added two sen to RM12.30.
Nestle and Panasonic rose 50 sen each to RM42 and RM21, United Malacca and PPB added 30 sen each to RM10.90 and rM17.14, Top Glove gained 26 sen to RM5.94, Loh Loh up 20 sen to RM4.30 while Bursa, LPI Capital and KFCH added 18 sen each to RM7.47, RM11.96 and RM3.26, respectively.
BAT was the top loser and fell 74 sen to RM46.98; Shell lost 34 sen to RM10.50, Bintulu Port down 25 sen to RM6.60, PacificMas and LTKM lost 11 sen each to RM4.62 and RM1.84, while Berjaya Media and Sarawak Oil Palms fell eight sen each to 45.5 sen and RM2.72.
KNM was the most active with 20.1 million shares done. The stock added half a sen to 41 sen. Other actives included Maybank, Tejari, P O, Silver Bird Group, Axiata, Carotech and Genting.
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