KUALA LUMPUR: Blue chips pulled back from their intra-morning high on Thursday, Oct 14 with investors taking profit on some PLANTATION []s and glove makers on expectations of slower economic growth.
At 12.30pm, the FBM KLCI was up 0.35 of a point at 1,497.32, off the high of 1,503.8 on the lack of follow-through buying support. The broader market was mixed with 363 gainers, 334 losers and 308 stocks unchanged.
China's key stock index rose more than 2% in mid-morning trade on Thursday, breaking through a key technical level, before retreating. Sentiment was bolstered by strong overseas markets and the prospect of more liquidity globally and in the domestic market.
Hong Kong's Hang Seng Index jumped 1.05% to 23,704.7; Taiwan's Composite Index gained 1.47% to 8,225.91, the Shanghai Composite Index rose 0.44% to 2,873.84 and Singapore's Straits Times Index added 0.14% to 3,206.63.
According to Reuters, Singapore widened the trading band for the Singapore dollar on Thursday for the first time since just after the 9/11 attacks on the United States, underlining the depth of its concern about financial markets.
At Bursa Malaysia, KLK rose 72 sen to RM19.32, pushing up the 30-stock KLCI up 1.24 point, IOI Corp gained six sen to RM5.80, nudging the index by 0.96 points while Sime Darby's five sen gain to RM8.90 added 0.72 of a point.
Among other plantations, Batu Kawan rose 36 sen to RM13.56, UMCCA and United Plantations 20 sen each to RM11.20 and RM16.
YTL Corp rose 13 sen to RM7.80. Hong Leong Bank 10 sen to RM9.51.
Time dotCom was the most active with 45.3 million shares done, adding four sen to 68 sen. JCY gave up part of the previous day's gains, down six sen to RM1.04.
Among glove makers, Hartalega lost 11 sen to RM5.42 and Top Glove eight sen to RM5.69.
Axiata's five sen decline to RM4.54 pushed the KLCI down by 1.02 points. Gebting fell 10 sen to RM10.36, Genting Malaysia three sen to Rm3.55 and CIMB four sen to RM8.03.
At 12.30pm, the FBM KLCI was up 0.35 of a point at 1,497.32, off the high of 1,503.8 on the lack of follow-through buying support. The broader market was mixed with 363 gainers, 334 losers and 308 stocks unchanged.
China's key stock index rose more than 2% in mid-morning trade on Thursday, breaking through a key technical level, before retreating. Sentiment was bolstered by strong overseas markets and the prospect of more liquidity globally and in the domestic market.
Hong Kong's Hang Seng Index jumped 1.05% to 23,704.7; Taiwan's Composite Index gained 1.47% to 8,225.91, the Shanghai Composite Index rose 0.44% to 2,873.84 and Singapore's Straits Times Index added 0.14% to 3,206.63.
According to Reuters, Singapore widened the trading band for the Singapore dollar on Thursday for the first time since just after the 9/11 attacks on the United States, underlining the depth of its concern about financial markets.
At Bursa Malaysia, KLK rose 72 sen to RM19.32, pushing up the 30-stock KLCI up 1.24 point, IOI Corp gained six sen to RM5.80, nudging the index by 0.96 points while Sime Darby's five sen gain to RM8.90 added 0.72 of a point.
Among other plantations, Batu Kawan rose 36 sen to RM13.56, UMCCA and United Plantations 20 sen each to RM11.20 and RM16.
YTL Corp rose 13 sen to RM7.80. Hong Leong Bank 10 sen to RM9.51.
Time dotCom was the most active with 45.3 million shares done, adding four sen to 68 sen. JCY gave up part of the previous day's gains, down six sen to RM1.04.
Among glove makers, Hartalega lost 11 sen to RM5.42 and Top Glove eight sen to RM5.69.
Axiata's five sen decline to RM4.54 pushed the KLCI down by 1.02 points. Gebting fell 10 sen to RM10.36, Genting Malaysia three sen to Rm3.55 and CIMB four sen to RM8.03.
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