KUALA LUMPUR: Blue chips advanced on Wednesday, Oct 13 with PLANTATION []s taking the lead as sentiment was underpinned by the firmer key regional and European markets, sending the 30-stock FBM KLCI near the psychological 1,500 level.
At the close, the FBM KLCI was up 10.40 points to 1,496.97. Turnover was 1.2 billion shares valued at RM2.02 billion. The broader market was firmer with 576 gainers versus 236 losers and 256 stocks unchanged.
World stocks hit a five-month high on Wednesday while emerging market equities held near a recent 27-month peak, driven by expectations of more money printing in the United States and upbeat corporate reports, according to Reuters.
Minutes from the Federal Reserve's September meeting showed officials discussed the possibility of buying more longer-term U.S. government debt to drive borrowing costs lower and ways to nudge the public into expecting higher levels of inflation in the future to spur spending.
U.S. TECHNOLOGY [] firm Intel's upbeat fourth-quarter sales and margins forecast raised hopes that the technology sector could end 2010 on a strong note.
Japan's Nikkei 225 added 0.16% to finish at 9,403.51, while Hang Seng Index climbed 1.45% to 23,457.59 and Singapore's Straits Times Index advanced 1.48% to 3,195.89.
At Bursa Malaysia, hard-disk drive manufacturer JCY International rallied 15 sen to RM1.10 and was the most active with 44.46 million shares done after Intel's earnings outlook for the chip sector.
BAT was the top gainer, adding 98 sen to RM48.98 and Dutch Lady 62 sen to RM18.62 while DiGi advanced 50 sen to RM24.80.
Among plantation stocks, KLK rose 72 sen to RM18.60, Batu Kawan 40 sen to RM13.20 and PPB 22 sen to RM18 while IOI Corp added 14 sen to RM5.74.
Star rose 32 sen to RM4.04. Its announcement of a special dividend of 52.6 sen a share was a delightful surprise, being its highest payout ever, said CIMB Equities Research.
At the close, the FBM KLCI was up 10.40 points to 1,496.97. Turnover was 1.2 billion shares valued at RM2.02 billion. The broader market was firmer with 576 gainers versus 236 losers and 256 stocks unchanged.
World stocks hit a five-month high on Wednesday while emerging market equities held near a recent 27-month peak, driven by expectations of more money printing in the United States and upbeat corporate reports, according to Reuters.
Minutes from the Federal Reserve's September meeting showed officials discussed the possibility of buying more longer-term U.S. government debt to drive borrowing costs lower and ways to nudge the public into expecting higher levels of inflation in the future to spur spending.
U.S. TECHNOLOGY [] firm Intel's upbeat fourth-quarter sales and margins forecast raised hopes that the technology sector could end 2010 on a strong note.
Japan's Nikkei 225 added 0.16% to finish at 9,403.51, while Hang Seng Index climbed 1.45% to 23,457.59 and Singapore's Straits Times Index advanced 1.48% to 3,195.89.
At Bursa Malaysia, hard-disk drive manufacturer JCY International rallied 15 sen to RM1.10 and was the most active with 44.46 million shares done after Intel's earnings outlook for the chip sector.
BAT was the top gainer, adding 98 sen to RM48.98 and Dutch Lady 62 sen to RM18.62 while DiGi advanced 50 sen to RM24.80.
Among plantation stocks, KLK rose 72 sen to RM18.60, Batu Kawan 40 sen to RM13.20 and PPB 22 sen to RM18 while IOI Corp added 14 sen to RM5.74.
Star rose 32 sen to RM4.04. Its announcement of a special dividend of 52.6 sen a share was a delightful surprise, being its highest payout ever, said CIMB Equities Research.
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