KUALA LUMPUR: The FBM KLCI stayed in positive territory at the mid-day break on Thursday, Dec 9 after encouraging manufacturing and employment data were released by the Statistics Department, boosting investors' confidence.
The industrial production index (IPI) rose 3% in October 2010 from a year ago and increased 3.4% from September, the Statistics Department said. The increase in October was underpinned by a 4.5% increase in manufacturing and a 5% increase in the electricity index.
Workers employed in the manufacturing sector rose 6.1% on-year in October to 996,078 and up 0.6% from September.
At the mid-day break, the FBM KLCI rose 0.24% or 3.65 points to 1,513.71, lifted by gains including at Tenaga, Petronas Chemicals, PPB and Petronas Dagangan.
Gainers led losers by 355 to 284, while 287 counters traded unchanged. Volume was 803.04 million shares valued at RM1.19 billion.
The ringgit strengthened 0.24% to 3.1380 versus the US dollar; crude palm oil futures for the third month delivery rose RM21 per tonne to RM3,576, crude oil added 54 cents per barrel to US$88.82 and gold gained US$5.73 per troy ounce to US$1,387.80.
At the regional markets, Japan's Nikkei 225 rose 0.26% to 10,259.18, South Korea's Kospi up 0.90% to 1,973.26, Taiwan's Taiex gained 0.53% to 8,750.34, Hong Kong's Hang Seng Index added 0.35% to 23,174.13, Singapore's Straits Times Index was up 0.18% to 3,208.57 while the Shanghai Composite Index lost 0.74% to 2,827.39.
On Bursa Malaysia, Tenaga came off its intra-morning high of RM8.82 after Energy, Green TECHNOLOGY [] and Water Minister Datuk Seri Peter Chin Fah Kui said there would not be a tariff hike for now.
The stock was up 13 sen to RM8.71 at the mid-day break.
PLANTATION [] stocks advanced on the back of improving CPO prices after the delivery for February to a 29-month high of RM3,640, with Glenealy up 60 sen to RM5.60, Batu Kawan up 40 sen to RM17.20 and PPB up 20 sen to RM17.20.
LPI Capital was up 46 sen to RM12.60, Sunrise rose 21 sen to RM3.22, Petronas Dagangan up 20 sen to RM11.70, Paramount added 20 sen to RM4.98, Pos Malaysia and S P Setia added 18 sen each to RM3.30 and RM5.54, while Tradewinds was up 17 sen to RM5.32.
The industrial production index (IPI) rose 3% in October 2010 from a year ago and increased 3.4% from September, the Statistics Department said. The increase in October was underpinned by a 4.5% increase in manufacturing and a 5% increase in the electricity index.
Workers employed in the manufacturing sector rose 6.1% on-year in October to 996,078 and up 0.6% from September.
At the mid-day break, the FBM KLCI rose 0.24% or 3.65 points to 1,513.71, lifted by gains including at Tenaga, Petronas Chemicals, PPB and Petronas Dagangan.
Gainers led losers by 355 to 284, while 287 counters traded unchanged. Volume was 803.04 million shares valued at RM1.19 billion.
The ringgit strengthened 0.24% to 3.1380 versus the US dollar; crude palm oil futures for the third month delivery rose RM21 per tonne to RM3,576, crude oil added 54 cents per barrel to US$88.82 and gold gained US$5.73 per troy ounce to US$1,387.80.
At the regional markets, Japan's Nikkei 225 rose 0.26% to 10,259.18, South Korea's Kospi up 0.90% to 1,973.26, Taiwan's Taiex gained 0.53% to 8,750.34, Hong Kong's Hang Seng Index added 0.35% to 23,174.13, Singapore's Straits Times Index was up 0.18% to 3,208.57 while the Shanghai Composite Index lost 0.74% to 2,827.39.
On Bursa Malaysia, Tenaga came off its intra-morning high of RM8.82 after Energy, Green TECHNOLOGY [] and Water Minister Datuk Seri Peter Chin Fah Kui said there would not be a tariff hike for now.
The stock was up 13 sen to RM8.71 at the mid-day break.
PLANTATION [] stocks advanced on the back of improving CPO prices after the delivery for February to a 29-month high of RM3,640, with Glenealy up 60 sen to RM5.60, Batu Kawan up 40 sen to RM17.20 and PPB up 20 sen to RM17.20.
LPI Capital was up 46 sen to RM12.60, Sunrise rose 21 sen to RM3.22, Petronas Dagangan up 20 sen to RM11.70, Paramount added 20 sen to RM4.98, Pos Malaysia and S P Setia added 18 sen each to RM3.30 and RM5.54, while Tradewinds was up 17 sen to RM5.32.
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