KUALA LUMPUR: The FBM KLCI closed in positive territory but a shade below 1,500 on Wednesday, Oct 27, after key regional markets declined following the slump at the Hong Kong and China stock markets.
The 30-stock FBM KLCI, which briefly crossed the psychologically crucial 1,500 in the morning session, closed 2.17 points higher at 1,499.11,?? supported by gains at DiGi, PBB and PLUS.?? Gainers led losers by 497 to 328, while 283 counters traded unchanged. Volume was 1.17 billion shares valued at RM1.64 billion.
Hong Kong's benchmark Hang Seng Index and the Shanghai Composite Index fell, weighed down by falls in commodity prices, according to Reuters.
Hang Seng Index fell 1.85% to 23,164.58, the Shanghai Composite Index lost 1.46% to 2,997.05, Singapore???s Straits Times Index lost 1.21% to 3,124.38, Taiwan???s Taiex lost 0.63% to 8,291.04, the South Korean Kospi fell 0.51% to 1,909.54 while Japan???s Nikkei 225 edged up 0.10% to 9,387.03.
At Bursa Malaysia, DiGi was the top gainer and added 34 sen to RM25; PPB added 28 sen to RM19, SP Setia rose 22 sen to RM5.27, Tasek up 20 sen to RM6.70, C.I.Holdings added 19 sen to RM3.84, CONCRETE ENGINEERING PRODUCTS [] gained 18 sen to RM2.30, QL Resources up 17 sen to RM5.40 while Hong Leong Bank gained 14 sen to RM9.15.
Among the decliners, Nestle was down 30 sen to RM43.70, Boustead fell 17 sen to RM5.85, Batu Kawan, Genting and BLD PLANTATION []s fell 14 sen each to RM15.42, RM10.36 and RM4.98 respectively, Tradewinds Plantations down 13 sen to RM2.35 while Cocoaland lost 12 sen to RM2.32.
Karambunai was the most actively traded counter with 40.9 million shares?? done. The stock fell half a sen to 22.5 sen. Other actives included L&G, Scomi, PLUS, Ramunia, JAKS, SAAG and Time dotCom.
Reuters reports Southeast Asian stock markets fell on Wednesday, finishing below the day's highs as risk appetite faded ahead of the likely release next week of details on a second round of quantitative easing in the United States.
Asian stocks elsewhere also moved lower after a Wall Street Journal article suggested the scale of the Federal Reserve's quantitative easing may be less than some in the market had expected.
The MSCI index of Asia Pacific stocks outside Japan was down 1.73 percent while MSCI's emerging market stock benchmark was 1.1 percent lower by 0948 GMT.
Singapore's index lost 1.2 percent, at one point hitting a three-week low, Indonesia dropped 0.8 percent after an early climb to a new record, and Thai stocks fell 1.2 percent, failing to hold above the 1,000 mark. Vietnam dropped 1.1 percent, snapping a four-day rise to a one-week high on Tuesday.
The 30-stock FBM KLCI, which briefly crossed the psychologically crucial 1,500 in the morning session, closed 2.17 points higher at 1,499.11,?? supported by gains at DiGi, PBB and PLUS.?? Gainers led losers by 497 to 328, while 283 counters traded unchanged. Volume was 1.17 billion shares valued at RM1.64 billion.
Hong Kong's benchmark Hang Seng Index and the Shanghai Composite Index fell, weighed down by falls in commodity prices, according to Reuters.
Hang Seng Index fell 1.85% to 23,164.58, the Shanghai Composite Index lost 1.46% to 2,997.05, Singapore???s Straits Times Index lost 1.21% to 3,124.38, Taiwan???s Taiex lost 0.63% to 8,291.04, the South Korean Kospi fell 0.51% to 1,909.54 while Japan???s Nikkei 225 edged up 0.10% to 9,387.03.
At Bursa Malaysia, DiGi was the top gainer and added 34 sen to RM25; PPB added 28 sen to RM19, SP Setia rose 22 sen to RM5.27, Tasek up 20 sen to RM6.70, C.I.Holdings added 19 sen to RM3.84, CONCRETE ENGINEERING PRODUCTS [] gained 18 sen to RM2.30, QL Resources up 17 sen to RM5.40 while Hong Leong Bank gained 14 sen to RM9.15.
Among the decliners, Nestle was down 30 sen to RM43.70, Boustead fell 17 sen to RM5.85, Batu Kawan, Genting and BLD PLANTATION []s fell 14 sen each to RM15.42, RM10.36 and RM4.98 respectively, Tradewinds Plantations down 13 sen to RM2.35 while Cocoaland lost 12 sen to RM2.32.
Karambunai was the most actively traded counter with 40.9 million shares?? done. The stock fell half a sen to 22.5 sen. Other actives included L&G, Scomi, PLUS, Ramunia, JAKS, SAAG and Time dotCom.
Reuters reports Southeast Asian stock markets fell on Wednesday, finishing below the day's highs as risk appetite faded ahead of the likely release next week of details on a second round of quantitative easing in the United States.
Asian stocks elsewhere also moved lower after a Wall Street Journal article suggested the scale of the Federal Reserve's quantitative easing may be less than some in the market had expected.
The MSCI index of Asia Pacific stocks outside Japan was down 1.73 percent while MSCI's emerging market stock benchmark was 1.1 percent lower by 0948 GMT.
Singapore's index lost 1.2 percent, at one point hitting a three-week low, Indonesia dropped 0.8 percent after an early climb to a new record, and Thai stocks fell 1.2 percent, failing to hold above the 1,000 mark. Vietnam dropped 1.1 percent, snapping a four-day rise to a one-week high on Tuesday.
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