KUALA LUMPUR: The FBM KLCI closed at a fresh year high of 1,481 on Thursday, Oct 7, nudged by gains in BAT and CIMB after languishing mostly in the red throughout the day.
The 30-stock index rose 1.84 points to 1,481.45. Turnover was 841.88 million shares valued at RM1.52 billion. However, the broader market was cautious with 410 losers and 299 gainers while 303 stocks were unchanged.
Key Asian markets were mostly lower with the Nikkei 225 down 0.07% to 9,684.81, Singapore's Straits Times index shed 0.73% to 3,166.65 and South Korea's Kospi shed 0.16% to 1,900.85. However, the Hang Seng Index managed to eke out a gain of 0.02% to end the day higher at 22,884.32.
At Bursa Malaysia, BAT rose RM2.44 to RM49.94, nudging up the KLCI by 1.12 points while CIMB added six sen to RM8.19, addining 1.07 points to the index.
Reuters reported that investors were watching the meetings of the European Central Bank and Bank of England later on Thursday for any hint that, like the Federal Reserve and Bank of Japan, policymakers are warming up to using newly printed money to buy assets.
Other blue chips which ended the day higher were YTL, up 10 sen to RM7.60, YTL Power two sen to RM2.33 while tecos Axiata and Maxis added two sen each to RM4.50 and RM5.36.
Mudajaya rose 17 sen to RM4.61 before it was voluntarily suspended in late morning. It later announced that plans to team up with the Laos government to undertake a 60 MW hydro power project there.
Meanwhile, the Securities Commission (SC) cautioned Mudajaya and its board of directors to ensure compliance with the securities laws and Bursa Malaysia in disclosing the transactions.
The caution was related to Mudajaya's disclosures about its investments in the independent power plant (IPP) project in India which were made prior to Aug 30, 2010, as the SC viewed these disclosures were inadequate.
Other gainers were Padini, up 20 sen to RM4.98 and Kulim 19 sen to RM9.19. Johor-based builder Kimlun advanced 13 sen to RM1.43.
Top Glove was the top loser, down 19 sen to Rm5.55, Supermax nine sen to RM4.17 while Latexx-WA shed eight sen to RM2.14.
Among the index-linked stocks, MUISC fell eight sen to RM8.77 and MMC six sen to RM3.07 while Public Bank shed two sen to RM12.56.
The 30-stock index rose 1.84 points to 1,481.45. Turnover was 841.88 million shares valued at RM1.52 billion. However, the broader market was cautious with 410 losers and 299 gainers while 303 stocks were unchanged.
Key Asian markets were mostly lower with the Nikkei 225 down 0.07% to 9,684.81, Singapore's Straits Times index shed 0.73% to 3,166.65 and South Korea's Kospi shed 0.16% to 1,900.85. However, the Hang Seng Index managed to eke out a gain of 0.02% to end the day higher at 22,884.32.
At Bursa Malaysia, BAT rose RM2.44 to RM49.94, nudging up the KLCI by 1.12 points while CIMB added six sen to RM8.19, addining 1.07 points to the index.
Reuters reported that investors were watching the meetings of the European Central Bank and Bank of England later on Thursday for any hint that, like the Federal Reserve and Bank of Japan, policymakers are warming up to using newly printed money to buy assets.
Other blue chips which ended the day higher were YTL, up 10 sen to RM7.60, YTL Power two sen to RM2.33 while tecos Axiata and Maxis added two sen each to RM4.50 and RM5.36.
Mudajaya rose 17 sen to RM4.61 before it was voluntarily suspended in late morning. It later announced that plans to team up with the Laos government to undertake a 60 MW hydro power project there.
Meanwhile, the Securities Commission (SC) cautioned Mudajaya and its board of directors to ensure compliance with the securities laws and Bursa Malaysia in disclosing the transactions.
The caution was related to Mudajaya's disclosures about its investments in the independent power plant (IPP) project in India which were made prior to Aug 30, 2010, as the SC viewed these disclosures were inadequate.
Other gainers were Padini, up 20 sen to RM4.98 and Kulim 19 sen to RM9.19. Johor-based builder Kimlun advanced 13 sen to RM1.43.
Top Glove was the top loser, down 19 sen to Rm5.55, Supermax nine sen to RM4.17 while Latexx-WA shed eight sen to RM2.14.
Among the index-linked stocks, MUISC fell eight sen to RM8.77 and MMC six sen to RM3.07 while Public Bank shed two sen to RM12.56.
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