KUALA LUMPUR: The FBM KLCI kicked off the first day of trading in the final quarter of 2010 on a positive note, in line with the gains at key regional markets.
Asian markets opened higher on Friday, Oct 1 as concerns about the state of the US economy were slightly abated as new US claims for jobless aid fell last week and manufacturing in the Midwest region grew faster than expected in September.
At 10am, the FBM KLCI rose 0.36% or 5.33 points to 1,468.83, lifted by gains including at BAT, DiGi, MMC Corp and Public Bank.
Gainers beat losers by 199 to 172, while 203 counters traded unchanged. Volume was 165.10 million shares valued at RM151.88 million.
The Nikkei 225 rose 0.89% to 9,453.14, the South Korean Kospi added 0.29% to 1,878.19, Singapore's Straits Times Index rose 0.20% to 3,103.91 and Taiwan's Taiex gained 0.10% to 8,246.00. The Hong Kong and China stock markets are closed for national holidays.
At Bursa Malaysia, BAT was the top gainer at mid-morning and rose 50 sen to RM48.98; Padini gained 44 sen to RM5, DiGi was up 32 sen to RM24.62 and United Malacca was up 20 sen to RM10.80.
MMC Corp advanced 20 sen to RM3.20 with 2.95 million shares done after Credit Suisse upgraded the stock to outperform from neutral and raised its target price to RM3.80.
Meanwhile, MPI rose 15 sen to RM6, Mamee added 12 sen to RM3.59, P.I.E. rose 10 sen to RM4.14 and Public Bank gained eight sen to RM12.64.
The top loser was JobStreet that fell 16 sen to RM2.20; Glenealy fell 10 sen to RM4.60, Parkson and LPI Capital lost eight sen each to RM5.74 and RM11.66,
Hong Leong Industries and C.I.Holdings fell seven sen each to RM5.15 and RM3.71, while MAHB and MISC lost five sen each to RM5.70 and RM8.69.
Karambunai was the most actively traded stock with 17.63 million shares done. The stock was unchanged at 12.5 sen.
Other actives included Zelan, SILK Holdings, Transmile, Johan, UEM Land and Timecom.
Asian markets opened higher on Friday, Oct 1 as concerns about the state of the US economy were slightly abated as new US claims for jobless aid fell last week and manufacturing in the Midwest region grew faster than expected in September.
At 10am, the FBM KLCI rose 0.36% or 5.33 points to 1,468.83, lifted by gains including at BAT, DiGi, MMC Corp and Public Bank.
Gainers beat losers by 199 to 172, while 203 counters traded unchanged. Volume was 165.10 million shares valued at RM151.88 million.
The Nikkei 225 rose 0.89% to 9,453.14, the South Korean Kospi added 0.29% to 1,878.19, Singapore's Straits Times Index rose 0.20% to 3,103.91 and Taiwan's Taiex gained 0.10% to 8,246.00. The Hong Kong and China stock markets are closed for national holidays.
At Bursa Malaysia, BAT was the top gainer at mid-morning and rose 50 sen to RM48.98; Padini gained 44 sen to RM5, DiGi was up 32 sen to RM24.62 and United Malacca was up 20 sen to RM10.80.
MMC Corp advanced 20 sen to RM3.20 with 2.95 million shares done after Credit Suisse upgraded the stock to outperform from neutral and raised its target price to RM3.80.
Meanwhile, MPI rose 15 sen to RM6, Mamee added 12 sen to RM3.59, P.I.E. rose 10 sen to RM4.14 and Public Bank gained eight sen to RM12.64.
The top loser was JobStreet that fell 16 sen to RM2.20; Glenealy fell 10 sen to RM4.60, Parkson and LPI Capital lost eight sen each to RM5.74 and RM11.66,
Hong Leong Industries and C.I.Holdings fell seven sen each to RM5.15 and RM3.71, while MAHB and MISC lost five sen each to RM5.70 and RM8.69.
Karambunai was the most actively traded stock with 17.63 million shares done. The stock was unchanged at 12.5 sen.
Other actives included Zelan, SILK Holdings, Transmile, Johan, UEM Land and Timecom.
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