KUALA LUMPUR: Late buying pushed the 30-stock FBM KLCI into the black on Monday, Nov 29, in line with the general recovery at key regional markets.
Late buying of Petronas Chemicals which was included into the 30-stock FBM KLCI, and also of CIMB, Public Bank and Sime Darby helped the benchmark close on a firmer note despite the weaker broader market.
On Bursa Malaysia, the FBM KLCI, which fell as much as 18.03 points to intra-day low of 1,474.02, clawed back to close 0.26% or 3.90 points higher at 1,495.95. Gainers narrowed the gap to losers by 293 to 463, while 274 counters traded unchanged. Volume was 1.05 billion shares valued at RM1.93 billion.
At the Asian markets, battered stocks were up for the picking as nervous investors across the region sold down their shares the last week, as the cloud overhanging the European debt crisis was made worse by an escalation of the Korean peninsula conflict.
In Europe, bank shares rose early on Monday in a cautiously positive reaction to an '85 billion rescue of Ireland aimed at halting the spread of its banking crisis to other euro zone countries, according to Reuters.
Hong Kong's Hang Seng Index rebounded from an eight-week low and closed 1.26% higher at 23,166.22; the Nikkei 225 rose 0.86% to 10,125.99, Taiwan's Taiex up 0.66% to 8,387.17, Singapore's Straits Times Index rose 0.13% to 3,158.21 while South Korea's Kospi fell 0.33% to 1,895.54 and the Shanghai Composite Index shed 0.19% to 2,866.36.
At Bursa, among the gainers, Sime Darby added nine sen to RM8.80, CIMB rose seven sen to RM8.48, Public Bank rose four sen to RM12.84, BAT up 18 sen to RM44.98,
Petronas Chemicals, which was also the most actively traded stock with 115.2 million shares done, rose nine sen to RM5.40.
K1 gained 30 sen to RM1.47 while its warrants jumped 27.5 sen to 97.5 sen after it proposed a one-for-two bonus issue.
The decliners included Kulim, United PLANTATION []s, Bursa, PPB, Tasek, EON Capital, Stonemaster and Chin Teck Plantations.
Late buying of Petronas Chemicals which was included into the 30-stock FBM KLCI, and also of CIMB, Public Bank and Sime Darby helped the benchmark close on a firmer note despite the weaker broader market.
On Bursa Malaysia, the FBM KLCI, which fell as much as 18.03 points to intra-day low of 1,474.02, clawed back to close 0.26% or 3.90 points higher at 1,495.95. Gainers narrowed the gap to losers by 293 to 463, while 274 counters traded unchanged. Volume was 1.05 billion shares valued at RM1.93 billion.
At the Asian markets, battered stocks were up for the picking as nervous investors across the region sold down their shares the last week, as the cloud overhanging the European debt crisis was made worse by an escalation of the Korean peninsula conflict.
In Europe, bank shares rose early on Monday in a cautiously positive reaction to an '85 billion rescue of Ireland aimed at halting the spread of its banking crisis to other euro zone countries, according to Reuters.
Hong Kong's Hang Seng Index rebounded from an eight-week low and closed 1.26% higher at 23,166.22; the Nikkei 225 rose 0.86% to 10,125.99, Taiwan's Taiex up 0.66% to 8,387.17, Singapore's Straits Times Index rose 0.13% to 3,158.21 while South Korea's Kospi fell 0.33% to 1,895.54 and the Shanghai Composite Index shed 0.19% to 2,866.36.
At Bursa, among the gainers, Sime Darby added nine sen to RM8.80, CIMB rose seven sen to RM8.48, Public Bank rose four sen to RM12.84, BAT up 18 sen to RM44.98,
Petronas Chemicals, which was also the most actively traded stock with 115.2 million shares done, rose nine sen to RM5.40.
K1 gained 30 sen to RM1.47 while its warrants jumped 27.5 sen to 97.5 sen after it proposed a one-for-two bonus issue.
The decliners included Kulim, United PLANTATION []s, Bursa, PPB, Tasek, EON Capital, Stonemaster and Chin Teck Plantations.
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