KUALA LUMPUR: The FBM KLCI close in positive territory on Friday, Dec 17 lifted by gains including at AMMB, Gamuda, MISC and Genting Malaysia but the 1,500 level proved to be formidable obstacle again for the FBM KLCI in absence of strong follow-through buying support.
At Bursa Malaysia, the 30-stock FBM KLCI was up 0.16% or 2.36 points to 1,499.88. Gainers beat losers by 413 to 315, while 303 counters traded unchanged. Volume was 1.14 billion shares valued at RM1.81 billion.
Regional markets were mixed as investor sentiment remained cautious on the back of lingering uncertainties given the conflicting news flow.
On the one hand the US economy showed new signs the recovery was gaining traction with data on Thursday that new claims for jobless aid fell last week and factory activity in the Mid-Atlantic region grew at its quickest pace in more than five and a half years this month, according to Reuters.
A'' US$858 billion tax cut package brokered between President Barack Obama and Republicans cleared a key test vote in the US House of Representatives on Thursday, after hours of delays, it said.
On the same day, Moody's put the credit rating of Greece, another country that needs EU/IMF bailout, on review for a possible downgrade, citing uncertainty over the country's ability to cut debt to sustainable levels.
On Friday, Moody's Investors Service downgraded Ireland's foreign- and local-currency government bond ratings by five notches to Baa1 from Aa2. The outlook on the Baa1 rating is negative.
Grappling with varying scenarios, some of the Asian markets advanced as investors went bargain hunting and did pick up some of the stocks that had been battered recently.
Hong Kong's Hang Seng Index rose 0.20% to 22,714.85, Taiwan's Taiex added 0.41% to 8,817.90, South Korea's Kospi was up 0.85% to 2,026.30 and Singapore's Straits Times Index rose 0.17% to 3,153.01.
Meanwhile, the Shanghai Composite Index shed 0.15% to 2,893.74 and Japan's Nikkei 225 slipped 0.07% to 10,303.83.
At Bursa Malaysia, MTD Capital, which received the nod to raise toll rates at the South Luzon Expressway, jumped 39 sen to an historic high of RM8.90, UAC added 36 sen to RM3.70, Hap Seng gained 27 sen to RM6.05, Metrod rose 20 sen to RM3.75, PPB was up 16 sen to RM17.14 while Sunway City and Tanjung Offshore gained 13 sen each to RM4.50 and RM1.60.
AMMB added 11 sen to RM6.75, Gamuda rose 10 sen to RM3.83, MISC gained eight sen to RM8.25 and Genting Malaysia was up three sen to RM3.37.
Sozo Global, which made its debut on the Main Market , was the most actively traded counter with 42.93 million shares done. The counter closed unchanged at 80 sen.
Other actives included Olympia, KUB, MAA Holdings, Petronas Chemicals, Timecom and SAAG.
Decliners included DiGi, Panasonic, Batu Kawan, KLK, Top Glove, BAT, Supermax and Far East Corp.
At Bursa Malaysia, the 30-stock FBM KLCI was up 0.16% or 2.36 points to 1,499.88. Gainers beat losers by 413 to 315, while 303 counters traded unchanged. Volume was 1.14 billion shares valued at RM1.81 billion.
Regional markets were mixed as investor sentiment remained cautious on the back of lingering uncertainties given the conflicting news flow.
On the one hand the US economy showed new signs the recovery was gaining traction with data on Thursday that new claims for jobless aid fell last week and factory activity in the Mid-Atlantic region grew at its quickest pace in more than five and a half years this month, according to Reuters.
A'' US$858 billion tax cut package brokered between President Barack Obama and Republicans cleared a key test vote in the US House of Representatives on Thursday, after hours of delays, it said.
On the same day, Moody's put the credit rating of Greece, another country that needs EU/IMF bailout, on review for a possible downgrade, citing uncertainty over the country's ability to cut debt to sustainable levels.
On Friday, Moody's Investors Service downgraded Ireland's foreign- and local-currency government bond ratings by five notches to Baa1 from Aa2. The outlook on the Baa1 rating is negative.
Grappling with varying scenarios, some of the Asian markets advanced as investors went bargain hunting and did pick up some of the stocks that had been battered recently.
Hong Kong's Hang Seng Index rose 0.20% to 22,714.85, Taiwan's Taiex added 0.41% to 8,817.90, South Korea's Kospi was up 0.85% to 2,026.30 and Singapore's Straits Times Index rose 0.17% to 3,153.01.
Meanwhile, the Shanghai Composite Index shed 0.15% to 2,893.74 and Japan's Nikkei 225 slipped 0.07% to 10,303.83.
At Bursa Malaysia, MTD Capital, which received the nod to raise toll rates at the South Luzon Expressway, jumped 39 sen to an historic high of RM8.90, UAC added 36 sen to RM3.70, Hap Seng gained 27 sen to RM6.05, Metrod rose 20 sen to RM3.75, PPB was up 16 sen to RM17.14 while Sunway City and Tanjung Offshore gained 13 sen each to RM4.50 and RM1.60.
AMMB added 11 sen to RM6.75, Gamuda rose 10 sen to RM3.83, MISC gained eight sen to RM8.25 and Genting Malaysia was up three sen to RM3.37.
Sozo Global, which made its debut on the Main Market , was the most actively traded counter with 42.93 million shares done. The counter closed unchanged at 80 sen.
Other actives included Olympia, KUB, MAA Holdings, Petronas Chemicals, Timecom and SAAG.
Decliners included DiGi, Panasonic, Batu Kawan, KLK, Top Glove, BAT, Supermax and Far East Corp.
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