KUALA LUMPUR: Blue chips, led by banks, closed higher on Wednesday, Nov 10 and nudged the FBM KLCI to another all-time closing high, after staying in the red during most of the afternoon session as key European and regional markets were cautious.
At the close, the FBM KLCI was up 1.48 points to 1,528.01. It was off the intra-day all-time high of 1,531.99.
Turnover was healthy with 1.74 billion shares done valued at RM2.27 billion. Market sentiment showed an improvement as advancing counters led decliners 441 to 420 while 268 stocks were unchanged.
All key European markets were in the red, registering losses of between 0.17% and 0.82. Among regional markets, Hong Kong's Hang Seng Index fell 0.85% to 24,500.61, Shanghai's Composite Index lost 0.63% to 3,115.36 and Singapore's Straits Times Index shed 0.74% to 3,289.24.
However, Japan bucked the trend, with the Nikkei 225 up 1.4% to 9,830.52 and South Korea's Kospi 1.05% higher at 1,967.85.
At Bursa Malaysia, the inflow of liquidity into equities had helped underpin sentiment despite the profit taking activities. Second liners and penny stocks saw active trade as interest spilled over from blue chips.
Year-to-date, the KLCI is 20.05% and it is the fifth best performer among key regional markets after Jakarta Composite Index (up 48.24%), Stock Exchange of Thailand (41.79%), Philippines Stock Exchange Index (37.5%) and India's NSE S&P CNX Nifty Index (20.67%).
Among the banks, CIMB advanced six sen to RM8.56 and pushed the index up by 1.07 points while Hong Leong Bank's hefty 44 sen gain to RM8.39 nudged the index by 1.04 points while Public Bank added two sen to RM12.82.'' AMMB slipped 10 sen to RM6.20.
Kulim rose 36 sen to RM13.02, YTL 34 sen to RM8.39, Petra Energy 28 sen to RM1.44, Carlsberg 19 sen to RM5.72 and HL Industries 19 sen to RM5.20.
Among the decliners in the 30-stock FBM KLCI, Genting fell 12 sen to RM10.68 and dragged the index down by 1.07 points while AMMB shed 10 sen to RM6.20, Sime Darby three sen to RM9 and'' Maybank two sen to RM9.27.
Scomi was the most active with 59.6 million shares done, surging four sen to 45.5 sen. Market tak is that there could be new substantial shareholders including Indonesian investors and Middle Eastern funds.
At the close, the FBM KLCI was up 1.48 points to 1,528.01. It was off the intra-day all-time high of 1,531.99.
Turnover was healthy with 1.74 billion shares done valued at RM2.27 billion. Market sentiment showed an improvement as advancing counters led decliners 441 to 420 while 268 stocks were unchanged.
All key European markets were in the red, registering losses of between 0.17% and 0.82. Among regional markets, Hong Kong's Hang Seng Index fell 0.85% to 24,500.61, Shanghai's Composite Index lost 0.63% to 3,115.36 and Singapore's Straits Times Index shed 0.74% to 3,289.24.
However, Japan bucked the trend, with the Nikkei 225 up 1.4% to 9,830.52 and South Korea's Kospi 1.05% higher at 1,967.85.
At Bursa Malaysia, the inflow of liquidity into equities had helped underpin sentiment despite the profit taking activities. Second liners and penny stocks saw active trade as interest spilled over from blue chips.
Year-to-date, the KLCI is 20.05% and it is the fifth best performer among key regional markets after Jakarta Composite Index (up 48.24%), Stock Exchange of Thailand (41.79%), Philippines Stock Exchange Index (37.5%) and India's NSE S&P CNX Nifty Index (20.67%).
Among the banks, CIMB advanced six sen to RM8.56 and pushed the index up by 1.07 points while Hong Leong Bank's hefty 44 sen gain to RM8.39 nudged the index by 1.04 points while Public Bank added two sen to RM12.82.'' AMMB slipped 10 sen to RM6.20.
Kulim rose 36 sen to RM13.02, YTL 34 sen to RM8.39, Petra Energy 28 sen to RM1.44, Carlsberg 19 sen to RM5.72 and HL Industries 19 sen to RM5.20.
Among the decliners in the 30-stock FBM KLCI, Genting fell 12 sen to RM10.68 and dragged the index down by 1.07 points while AMMB shed 10 sen to RM6.20, Sime Darby three sen to RM9 and'' Maybank two sen to RM9.27.
Scomi was the most active with 59.6 million shares done, surging four sen to 45.5 sen. Market tak is that there could be new substantial shareholders including Indonesian investors and Middle Eastern funds.
No comments:
Post a Comment