KUALA LUMPUR: Late buying of selected index-linked stocks on Monday, Nov 1 pushed the FBM KLCI nearer the all-time closing high of 1,516.22 but the broader market was cautious as investors took profit after last week's gains.
At the close, the FBM KLCI was up 4.0 points to 1,509.66. Turnover was 1.27 billion shares valued at RM1.51 billion. There were 344 gainers, 440 losers and 316 stocks unchanged.
Key Asian markets closed higher except for Japan. Hong Kong's Hang Seng Index rose 2.41% to 23,652.94 and Shanghai's Composite Index surged 2.52% to 3,054.02.
The surge was triggered after China's manufacturing growth hit a six-month high in October, purchasing managers' indexes showed, suggesting the world's second-biggest economy was powering ahead even as the United States and most of Europe languished, Reuters reported.
Singapore's Straits Times Index advanced 1.58% to to 3,192.18 and Korea's Kospi 1.69% to 1,914.74 and Taiwan's Taiex Index 1.12% to to 8,379.75.
At Bursa Malaysia, late buying of BAT saw the stock surging RM1.36 to RM47.88 and nudged the FBM KLCI up 0.627 of a point. CIMB gained seven sen to RM8.36, adding 1.24 points and Genting's 12 sen gain to RM10.56 pushed the index by 1.07 points.
Among the index linked stocks, Sime Darby rose four se to RM8.87, IOI Corp three sen to RM5.85, DiGi 24 sen to RM25.58. Among the banks, Hong Leong Bank rose 14 sen to RM9.28, AMMB three sen to RM6.35 and Public Bank two sen to RM12.74.
Kulim climbed 46 sen to RM10.16 as investors remained upbeat about its prospects. Johor-based CONSTRUCTION [] outfit Kimlun added 20 sen to RM1.62.
Karambunai added one sen to 23.5 sen and it was the most active with 55.51 million shares done.
Hovid shed five sen to 13.5 sen in active trade while its subsidiary Carotech fell two sen to five sen. Hovid triggered the Practice Note 17 after Carotech defaulted on the repayment of certain borrowings.
At the close, the FBM KLCI was up 4.0 points to 1,509.66. Turnover was 1.27 billion shares valued at RM1.51 billion. There were 344 gainers, 440 losers and 316 stocks unchanged.
Key Asian markets closed higher except for Japan. Hong Kong's Hang Seng Index rose 2.41% to 23,652.94 and Shanghai's Composite Index surged 2.52% to 3,054.02.
The surge was triggered after China's manufacturing growth hit a six-month high in October, purchasing managers' indexes showed, suggesting the world's second-biggest economy was powering ahead even as the United States and most of Europe languished, Reuters reported.
Singapore's Straits Times Index advanced 1.58% to to 3,192.18 and Korea's Kospi 1.69% to 1,914.74 and Taiwan's Taiex Index 1.12% to to 8,379.75.
At Bursa Malaysia, late buying of BAT saw the stock surging RM1.36 to RM47.88 and nudged the FBM KLCI up 0.627 of a point. CIMB gained seven sen to RM8.36, adding 1.24 points and Genting's 12 sen gain to RM10.56 pushed the index by 1.07 points.
Among the index linked stocks, Sime Darby rose four se to RM8.87, IOI Corp three sen to RM5.85, DiGi 24 sen to RM25.58. Among the banks, Hong Leong Bank rose 14 sen to RM9.28, AMMB three sen to RM6.35 and Public Bank two sen to RM12.74.
Kulim climbed 46 sen to RM10.16 as investors remained upbeat about its prospects. Johor-based CONSTRUCTION [] outfit Kimlun added 20 sen to RM1.62.
Karambunai added one sen to 23.5 sen and it was the most active with 55.51 million shares done.
Hovid shed five sen to 13.5 sen in active trade while its subsidiary Carotech fell two sen to five sen. Hovid triggered the Practice Note 17 after Carotech defaulted on the repayment of certain borrowings.
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