KUALA LUMPUR: The FBM KLCI clawed back in the afternoon session on Thursday, Nov 18 as key regional markets rebounded to reduce its losses to 0.46% or 6.89 points to end the day at 1,496.65.
The 30-stock index had earlier in the morning session fallen more than 1% or as much as 16.33 points to an intra-day low of 1,487.21. Gainers overtook losers by 404 to 362, while 288 counters traded unchanged. Volume was 1.12 billion shares valued at RM1.74 billion.
Shares in Hong Kong and Shanghai rebounded from multi-week lows on thin volumes on Thursday, as investors scooped up beaten down shares such as oil, metals and other commodities, according to Reuters.
But traders and analysts said Thursday's rebound could be short-lived as worries persisted that China may adopt more stringent measures to stem accelerating inflation, including a drastic rise in key interest rates, it said.
Japan's Nikkei 225 jumped 2.06% to 10,001.63, Hong Kong's Hang Seng Index added 1.82% to 23,637.39, the South Korean Kospi rose 1.62% to 1,927.86, the Shanghai Composite Index was up 0.94% ti 2,865.45, Taiwan's Taiex added 0.34% to 8,283.45 while Singapore's Straits Times Index rose 0.04% to 3,213.53.
At Bursa, among the major decliners were PPB that fell 52 sen to RM19.02, Kulim down 50 sen to RM13.38, Genting fell 42 sen to RM10.04 while BLD PLANTATION []s lost 20 sen to RM4.90.
Among the gainers, Hong Leong Industries added 40 sen to RM5.60, Panasonic rose 28 sen to RM18.60, Maybank was up 24 sen to RM8.82, Dayang gained 20 sen to RM2.75 while Masterskill was up 19 sen to RM2.25.
Other gainers included LPI Capital, BAT, Tan Chong and APM Automotive.
Jotech was the most actively traded counter with 43.7 million shares done. The stock slipped 1.5 sen to 12.5 sen. Other actives included SAAG, Karambunai, Time dotCom, KNM and Scomi.
The 30-stock index had earlier in the morning session fallen more than 1% or as much as 16.33 points to an intra-day low of 1,487.21. Gainers overtook losers by 404 to 362, while 288 counters traded unchanged. Volume was 1.12 billion shares valued at RM1.74 billion.
Shares in Hong Kong and Shanghai rebounded from multi-week lows on thin volumes on Thursday, as investors scooped up beaten down shares such as oil, metals and other commodities, according to Reuters.
But traders and analysts said Thursday's rebound could be short-lived as worries persisted that China may adopt more stringent measures to stem accelerating inflation, including a drastic rise in key interest rates, it said.
Japan's Nikkei 225 jumped 2.06% to 10,001.63, Hong Kong's Hang Seng Index added 1.82% to 23,637.39, the South Korean Kospi rose 1.62% to 1,927.86, the Shanghai Composite Index was up 0.94% ti 2,865.45, Taiwan's Taiex added 0.34% to 8,283.45 while Singapore's Straits Times Index rose 0.04% to 3,213.53.
At Bursa, among the major decliners were PPB that fell 52 sen to RM19.02, Kulim down 50 sen to RM13.38, Genting fell 42 sen to RM10.04 while BLD PLANTATION []s lost 20 sen to RM4.90.
Among the gainers, Hong Leong Industries added 40 sen to RM5.60, Panasonic rose 28 sen to RM18.60, Maybank was up 24 sen to RM8.82, Dayang gained 20 sen to RM2.75 while Masterskill was up 19 sen to RM2.25.
Other gainers included LPI Capital, BAT, Tan Chong and APM Automotive.
Jotech was the most actively traded counter with 43.7 million shares done. The stock slipped 1.5 sen to 12.5 sen. Other actives included SAAG, Karambunai, Time dotCom, KNM and Scomi.
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