KUALA LUMPUR: The FBM KLCI stayed in positive territory at the mid-day break on Thursday, Sept 2 in line with key regional markets, as Asian investors reacted positively to fairly encouraging data from the US as well as the strong overnight close at Wall Street.
At 12.30pm, the FBM KLCI was 2.65 points higher at 1.434.61, easing from its intra-morning high of 1,441.80. Gainers led losers by 367 to 256, while 276 counters traded unchanged. Volume was 505.73 million shares valued at RM821.03 million.
The Institute for Supply Management said its index of US factory activity rose to 56.3 in August from 55.5 in July, much higher than forecast by economists.
The strong Chinese manufacturing data and stronger-than-expected growth in Australia eased investor fears about the pace of global economic recovery and helped Wall Street to its best day in eight weeks, Reuters reported.
Hang Seng Index +1.21% 20,872.64 Shanghai Composite Index +0.94% 2,647.64 Taiwan's Taiex +0.66% 7,718.96 Nikkei 225
+0.62% 8,982.62 Kospi Index +0.29% 1,769.85 ingapore Straits Times Index +0.24% 2,989.85 ''
Among the major gainers this morning were Genting that added 14 sen to RM9.53, UMW up 11 sen to RM6.86, MMC Corp and MAS that rose eight sen each to RM2.61 and RM2.19, MISC up six sen to RM8.80 and Genting Malaysia up three sen to RM3.03.
BAT added 70 sen to RM46.20, Lafarge Malayan Cement rose 27 sen to RM7.28, Petronas Dagangan added 24 sen to RM11.04, Tan Chong gained 21 sen to RM4.98 while F&N and KFCH rose 14 sen each to RM14.16 and RM11.32.
Other gainers included JCY International, SIG Gases, Axiata and AirAsia. JCY rebounded 12.5 sen to RM1.02 after as CIMB Research said the selldown as an as an opportunity to accumulate the shares.
Among the decliners, DFZ Capital fell 30 sen to RM3.69, Bintulu Port lost 20 sen to RM6.80, SP Setia fell 19 sen to RM4.39, LPI Capital down 16 sen to RM11.96, HELP fell 15 sen to RM3.85, Carlsberg down 12 sen to RM5.18 while IJM PLANTATION []s fell 11 sen to RM2.48.
KNM was the most actively traded stock this morning with 42.12 million shares done. The stock declined three sen to 41 sen. Other actives included Time dotCom, Berjaya Corp, Tejari, UEM Land and Zelan.
At 12.30pm, the FBM KLCI was 2.65 points higher at 1.434.61, easing from its intra-morning high of 1,441.80. Gainers led losers by 367 to 256, while 276 counters traded unchanged. Volume was 505.73 million shares valued at RM821.03 million.
The Institute for Supply Management said its index of US factory activity rose to 56.3 in August from 55.5 in July, much higher than forecast by economists.
The strong Chinese manufacturing data and stronger-than-expected growth in Australia eased investor fears about the pace of global economic recovery and helped Wall Street to its best day in eight weeks, Reuters reported.
Hang Seng Index +1.21% 20,872.64 Shanghai Composite Index +0.94% 2,647.64 Taiwan's Taiex +0.66% 7,718.96 Nikkei 225
+0.62% 8,982.62 Kospi Index +0.29% 1,769.85 ingapore Straits Times Index +0.24% 2,989.85 ''
Among the major gainers this morning were Genting that added 14 sen to RM9.53, UMW up 11 sen to RM6.86, MMC Corp and MAS that rose eight sen each to RM2.61 and RM2.19, MISC up six sen to RM8.80 and Genting Malaysia up three sen to RM3.03.
BAT added 70 sen to RM46.20, Lafarge Malayan Cement rose 27 sen to RM7.28, Petronas Dagangan added 24 sen to RM11.04, Tan Chong gained 21 sen to RM4.98 while F&N and KFCH rose 14 sen each to RM14.16 and RM11.32.
Other gainers included JCY International, SIG Gases, Axiata and AirAsia. JCY rebounded 12.5 sen to RM1.02 after as CIMB Research said the selldown as an as an opportunity to accumulate the shares.
Among the decliners, DFZ Capital fell 30 sen to RM3.69, Bintulu Port lost 20 sen to RM6.80, SP Setia fell 19 sen to RM4.39, LPI Capital down 16 sen to RM11.96, HELP fell 15 sen to RM3.85, Carlsberg down 12 sen to RM5.18 while IJM PLANTATION []s fell 11 sen to RM2.48.
KNM was the most actively traded stock this morning with 42.12 million shares done. The stock declined three sen to 41 sen. Other actives included Time dotCom, Berjaya Corp, Tejari, UEM Land and Zelan.
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