KUALA LUMPUR: The FBM KLCI clawed back into the black at the mid-day break on Friday, Oct 8 to keep its gains intact for the fourth consecutive day, while the Shanghai Composite Index surged more than 3% after Moody's Investors Service indicated that China was possibly in line for a credit upgrade.
The FBM KLCI briefly slipped into the red this morning before recovering to close the morning session 0.56 point higher at 1,482.01, lifted by gains including at Genting, Axiata, Sime Darby, Gamuda and Telekom.
Gainers led losers by 308 to 299, while 290 counters traded unchanged. Volume was 568.10 million shares valued at RM700.31 million.
The ringgit fell 0.27% to 3.0998 per US dollar; crude palm oil for the third month delivery gained RM1 per tonne to RM2,780; gold gained 85 cents per ounce to US$1,334.40 while crude oil slipped five cents to US$81.62.
Asian markets were mixed this morning ahead of the non-farm payrolls data scheduled to be released in the US later Friday.
But at the Shanghai Composite Index, investors returning after a five-day stock market close went on a buying spree following Moody's placing the Chinese government's bond rating on review for a possible upgrade.
The Shanghai Composite Index jumped 3.28% to 2,742.81, Hong Kong's Hang Seng Index up 0.74% to 23,053.71 and Singapore's Straits Times Index gained 0.04% to 3,167.88.
However, Japan's Nikkei 225 shed 0.36% to 9,650.36, Taiwan's Taiex fell 0.34% to 8,355.38 and the South Korean Kospi Index fell 0.27% to 1,895.65.
On Bursa Malaysia, among the major gainers were Genting, up eight sen to RM10.28, Axiata seven sen to RM4.57, and Sime Darby, Gamuda and Telekom two sen each to RM8.58, RM3.84 and RM3.49, respectively.
The losers included Nestle, Mudajaya, Guinness Anchor, Petronas Dagangan, Top Glove and Perstima.
Karambunai led the actives with 70 million shares traded this morning. The stock added half a sen to 12.5 sen. Other actives included Talam, Malton, Tebrau and IJM Land.
The FBM KLCI briefly slipped into the red this morning before recovering to close the morning session 0.56 point higher at 1,482.01, lifted by gains including at Genting, Axiata, Sime Darby, Gamuda and Telekom.
Gainers led losers by 308 to 299, while 290 counters traded unchanged. Volume was 568.10 million shares valued at RM700.31 million.
The ringgit fell 0.27% to 3.0998 per US dollar; crude palm oil for the third month delivery gained RM1 per tonne to RM2,780; gold gained 85 cents per ounce to US$1,334.40 while crude oil slipped five cents to US$81.62.
Asian markets were mixed this morning ahead of the non-farm payrolls data scheduled to be released in the US later Friday.
But at the Shanghai Composite Index, investors returning after a five-day stock market close went on a buying spree following Moody's placing the Chinese government's bond rating on review for a possible upgrade.
The Shanghai Composite Index jumped 3.28% to 2,742.81, Hong Kong's Hang Seng Index up 0.74% to 23,053.71 and Singapore's Straits Times Index gained 0.04% to 3,167.88.
However, Japan's Nikkei 225 shed 0.36% to 9,650.36, Taiwan's Taiex fell 0.34% to 8,355.38 and the South Korean Kospi Index fell 0.27% to 1,895.65.
On Bursa Malaysia, among the major gainers were Genting, up eight sen to RM10.28, Axiata seven sen to RM4.57, and Sime Darby, Gamuda and Telekom two sen each to RM8.58, RM3.84 and RM3.49, respectively.
The losers included Nestle, Mudajaya, Guinness Anchor, Petronas Dagangan, Top Glove and Perstima.
Karambunai led the actives with 70 million shares traded this morning. The stock added half a sen to 12.5 sen. Other actives included Talam, Malton, Tebrau and IJM Land.
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