KUALA LUMPUR: The FBM KLCI pared some of its gains at the mid-day break on Wednesday, Dec 8, in line with the caution by analysts earlier in the day to investors while key Asian markets were mixed.
At noon, the KLCI was up 0.39% or 5.79 points at 1,507.53 but off the morning best when it rose as much as 11.5 points to 1,513.24. The index was lifted by the gains including at KLK, Petronas Dagangan, CIMB and Axiata.
Advancers led decliners by 389 to 246, while 290 counters were unchanged. Volume was 572.67 million shares valued at RM944.88 million.
The ringgit weakened 0.45% to 3.1510 versus the US dollar; crude palm oil for the third month delivery fell RM25 per tonne to RM3,540, crude oil fell 84 cents per barrel to US$87.85 and gold lost US$9.88 to US$1,392.18.
Nikkei 225 +0.98% 10,240.69 Singapore Straits Times Index +0.14% 3,196.20 Hang Seng Index -0.88% 23,221.69 Shanghai Composite Index -0.48% 2,862.05 Kospi -0.19% 1,958.82 Taiex -0.04% 8,700.93 ''
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Hwang DBS Vickers Research had said it expected the benchmark FBM KLCI to be range bound with a marginal upward bias, while RHB Research Institute said it preferred to stay biasly negative for the near-term technical outlook.
'Given the poor volume performance on the trading floor, and the volatile regional markets performances, investors are likely to continue their selling mode in the near term, in our opinion,' said RHB Research.
At Bursa Malaysia, KLK and PetDag rose 32 sen each to RM21.90 and RM10.80, Batu Kawan 19 sen to RM16.70, CIMB 17 sen to 8.64, AMMB 12 sen to RM6.38 and Axiata six sen to RM4.73
The major gainers included MTD Capital, up 55 sen to RM7.60, BLD PLANTATION []s 48 sen to RM5.08, BAT'' 40 sen to RM45.88 while Shell and Panasonic gained 20 sen each to RM10.80 and RM19,.
DRB-Hicom was the most active with 24.7 million shares done, adding'' 10 sen to RM1.63.
Other actives included Careplus, Hubline, Axiata, MLabs, Petronas Chemicals, Petra Perdana, K-Star Sports and SAAG.
PPB fell the most, down 42 sen to RM17.10 whie Proton lost 10 sen to RM4.74. Other decliners were Kawan, Sindora, Tradewinds and Asas.
At noon, the KLCI was up 0.39% or 5.79 points at 1,507.53 but off the morning best when it rose as much as 11.5 points to 1,513.24. The index was lifted by the gains including at KLK, Petronas Dagangan, CIMB and Axiata.
Advancers led decliners by 389 to 246, while 290 counters were unchanged. Volume was 572.67 million shares valued at RM944.88 million.
The ringgit weakened 0.45% to 3.1510 versus the US dollar; crude palm oil for the third month delivery fell RM25 per tonne to RM3,540, crude oil fell 84 cents per barrel to US$87.85 and gold lost US$9.88 to US$1,392.18.
Nikkei 225 +0.98% 10,240.69 Singapore Straits Times Index +0.14% 3,196.20 Hang Seng Index -0.88% 23,221.69 Shanghai Composite Index -0.48% 2,862.05 Kospi -0.19% 1,958.82 Taiex -0.04% 8,700.93 ''
''
Hwang DBS Vickers Research had said it expected the benchmark FBM KLCI to be range bound with a marginal upward bias, while RHB Research Institute said it preferred to stay biasly negative for the near-term technical outlook.
'Given the poor volume performance on the trading floor, and the volatile regional markets performances, investors are likely to continue their selling mode in the near term, in our opinion,' said RHB Research.
At Bursa Malaysia, KLK and PetDag rose 32 sen each to RM21.90 and RM10.80, Batu Kawan 19 sen to RM16.70, CIMB 17 sen to 8.64, AMMB 12 sen to RM6.38 and Axiata six sen to RM4.73
The major gainers included MTD Capital, up 55 sen to RM7.60, BLD PLANTATION []s 48 sen to RM5.08, BAT'' 40 sen to RM45.88 while Shell and Panasonic gained 20 sen each to RM10.80 and RM19,.
DRB-Hicom was the most active with 24.7 million shares done, adding'' 10 sen to RM1.63.
Other actives included Careplus, Hubline, Axiata, MLabs, Petronas Chemicals, Petra Perdana, K-Star Sports and SAAG.
PPB fell the most, down 42 sen to RM17.10 whie Proton lost 10 sen to RM4.74. Other decliners were Kawan, Sindora, Tradewinds and Asas.
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