KUALA LUMPUR: Key Asian markets closed on a firmer note on Thursday, 25, as sentiment showed improvement following the positive Wall Street while European markets were higher in early trade despite concerns of the rescue package for Ireland.
At 5pm, the FBM KLCI was up 7.59 points or 0.53% at 1,496.49 as the psychological important 1,500 level proved elusive after the recent selldown. Turnover declined to 1.0 billion shares valued at RM1.42 billion. There were 463 gainers, 291 losers and 287 stocks unchanged.
China's main equity indices outperformed the regional markets. The Shanghai Composite Index rose 1.34% to 2,898.26 and the CSI 300 Index 1.46% higher at 3,223.48. Hong Kong's Hang Seng Index inched up 0.13% to 23,054.68.
The Nikkei 225 added 0.5% to 10,079.76, South Korea's Kospi 0.09% up at 1,927.68 and Singapore's Straits Times Index advanced 0.71% at 3,159.23.
At Bursa, market sentiment held steady from the start of trade following the fresh news of mergers and acquisitions, especially from the property sector, the latest being the proposed merger of Sunway Holdings with Sunway City.
Index linked stocks including Genting rose 28 sen to RM10.40, DiGi 18 sen to RM24.70 while CIMB added five sen to RM8.39 and Genting Malaysia two sen to RM3.38.
The rally on crude palm oil (CPO) futures, which rose RM103 to RM3,271 helped pushed PLANTATION [] stocks. PPB rose 16 sen to RM18.58, KL Kepong 14 sen to RM20, IOI Corp five sen to RM5.85 and Sime Darby four sen to RM8.73.
Stone Master, which reported losses in its quarter ended June 30, soared 34 sen to 63 sen with 1.69 million shares done.
The proposed merger of Sunway and Suncity gave their securities a boost, with Sunway-WC adding 18 sen to RM1.32 while Sunway added nine sen to RM2.34, Suncity 11 sen higher at RM4.60.
KNM was the most active with 110 million shares done, up six sen to 49.5 sen after posting a stronger set of earnings.
Nestle fell the most, down 38 sen to RM43. IJM Land gave up some of the previous day's gains after the proposed merger with MRCB. IJM Land and its warrants, IJM Land-WA fell nine sen each to RM3.10 and RM1.79 while MRCB shed two sen to RM2.04.
At 5pm, the FBM KLCI was up 7.59 points or 0.53% at 1,496.49 as the psychological important 1,500 level proved elusive after the recent selldown. Turnover declined to 1.0 billion shares valued at RM1.42 billion. There were 463 gainers, 291 losers and 287 stocks unchanged.
China's main equity indices outperformed the regional markets. The Shanghai Composite Index rose 1.34% to 2,898.26 and the CSI 300 Index 1.46% higher at 3,223.48. Hong Kong's Hang Seng Index inched up 0.13% to 23,054.68.
The Nikkei 225 added 0.5% to 10,079.76, South Korea's Kospi 0.09% up at 1,927.68 and Singapore's Straits Times Index advanced 0.71% at 3,159.23.
At Bursa, market sentiment held steady from the start of trade following the fresh news of mergers and acquisitions, especially from the property sector, the latest being the proposed merger of Sunway Holdings with Sunway City.
Index linked stocks including Genting rose 28 sen to RM10.40, DiGi 18 sen to RM24.70 while CIMB added five sen to RM8.39 and Genting Malaysia two sen to RM3.38.
The rally on crude palm oil (CPO) futures, which rose RM103 to RM3,271 helped pushed PLANTATION [] stocks. PPB rose 16 sen to RM18.58, KL Kepong 14 sen to RM20, IOI Corp five sen to RM5.85 and Sime Darby four sen to RM8.73.
Stone Master, which reported losses in its quarter ended June 30, soared 34 sen to 63 sen with 1.69 million shares done.
The proposed merger of Sunway and Suncity gave their securities a boost, with Sunway-WC adding 18 sen to RM1.32 while Sunway added nine sen to RM2.34, Suncity 11 sen higher at RM4.60.
KNM was the most active with 110 million shares done, up six sen to 49.5 sen after posting a stronger set of earnings.
Nestle fell the most, down 38 sen to RM43. IJM Land gave up some of the previous day's gains after the proposed merger with MRCB. IJM Land and its warrants, IJM Land-WA fell nine sen each to RM3.10 and RM1.79 while MRCB shed two sen to RM2.04.
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