KUALA LUMPUR:'' The FBM KLCI briefly surpassed its all-time high close of 1,528.01 in early trade on Thursday, Dec 30 when it rose to 1,529.95, but eased off slightly by mid-morning in line with the generally cautious trend at regional markets.
Signs of some mild profit taking emerged in what has become a holiday-shortened week as the local stock market will be closed on Friday, Dec 31 following Prime Minister Datuk Seri Najib Razak declaring a public holiday after Malaysia won the Asean football cup final.
At 10am, the 30-stock index was up 2.25 points to 1,526.59, lifted by gains including at BAT, Digi and Petronas Gas.
Gainers led losers by 259 to 152, while 223 counters traded unchanged. Volume was 251.57 million shares valued at RM217.86 million.
At the regional markets, Japan's Nikkei 225 fell 1.24% to 10,215.81, the Shanghai Composite Index lost 0.47% to 2,738.54, and Singapore's Straits Times Index shed 0.05% to 3,206.44.
Meanwhile, Taiwan's Taiex added 0.27% to 8,890.36, South Korea's Kospi was up 0.25% to 2,048.57 and Hong Kong's Hang Seng Index opened 0.1% higher at 22,987.84.
RHB Research Institute Sdn Bhd in a note Dec 30 when reviewing the year said 2010 was one of the most disruptive in terms of natural and man-made disasters.
However, for the equity market, it was yet another productive year, with the FBM KLCI rising by 19.7%, after the 45.1% return in 2009, it said.
The research house said 2010 was a year for innovation in consumer electronics and multimedia, a year that saw more of the government in its slogans and acronyms, and it was an extraordinary year for property and resources.
In 2010, the market value of Bursa Malaysia stocks rose by 27.4%, driven by earnings growth (+24.6% year-on-year), PER expansion (+2.6 times) and new listings (which collectively added nearly RM60 billion market value) although this was also offset by privatizations, it said.
Over the next year, the research house said it expects to see more innovation (in terms of TECHNOLOGY [], communications and multimedia, energy and engineering).
'We anticipate the healthcare sector to regain attention as superbugs re-emerge, and weather disruptions and macroeconomic concerns bring commodity prices to new highs. As for corporate Malaysia, we believe the (potentially lack of) execution of Government initiatives will drive sentiment as compared to the positive anticipation built up during 2010.
'News flow will thus remain the primary catalyst in the near term, but reversal of short-term capital will cause volatility. Our top picks thus reflect a mixture of both value and growth plays within their respective industries and markets.
On Bursa Malaysia, the top gainer at mid-morning was BAT that ros e32 sen to RM45.80; Tong Herr added 25 sen to RM2.59, Hap Seng rose 18 sen to RM7.14, PacificMas added 14 sen to RM4.82, SunCity was up 12 sen to RM4.42, DiGi up 10 sen to RM25.20, United Malacca rose nine sen to RM7.05 while Genting PLANTATION []s and Petronas Gas added eight sen each to RM8.88 and RM11.36.
IJM Land shares and warrants fell 16 sen each to RM3.08 and RM1.73, Amway lost 10 sen to RM8.20, Padini fell seven sen to RM5.48, while Boxpak and Fima Corp lost five sen each to RM1.15 and RM6.47.
Maxbiz was the most actively traded counter with 24.7 million shares done. The stock fell 6.5 sen to 17 sen.
Other actives included Tejari, IJM Land warrants, Mobif, Limahsoon, Asia EP and Key West.
Signs of some mild profit taking emerged in what has become a holiday-shortened week as the local stock market will be closed on Friday, Dec 31 following Prime Minister Datuk Seri Najib Razak declaring a public holiday after Malaysia won the Asean football cup final.
At 10am, the 30-stock index was up 2.25 points to 1,526.59, lifted by gains including at BAT, Digi and Petronas Gas.
Gainers led losers by 259 to 152, while 223 counters traded unchanged. Volume was 251.57 million shares valued at RM217.86 million.
At the regional markets, Japan's Nikkei 225 fell 1.24% to 10,215.81, the Shanghai Composite Index lost 0.47% to 2,738.54, and Singapore's Straits Times Index shed 0.05% to 3,206.44.
Meanwhile, Taiwan's Taiex added 0.27% to 8,890.36, South Korea's Kospi was up 0.25% to 2,048.57 and Hong Kong's Hang Seng Index opened 0.1% higher at 22,987.84.
RHB Research Institute Sdn Bhd in a note Dec 30 when reviewing the year said 2010 was one of the most disruptive in terms of natural and man-made disasters.
However, for the equity market, it was yet another productive year, with the FBM KLCI rising by 19.7%, after the 45.1% return in 2009, it said.
The research house said 2010 was a year for innovation in consumer electronics and multimedia, a year that saw more of the government in its slogans and acronyms, and it was an extraordinary year for property and resources.
In 2010, the market value of Bursa Malaysia stocks rose by 27.4%, driven by earnings growth (+24.6% year-on-year), PER expansion (+2.6 times) and new listings (which collectively added nearly RM60 billion market value) although this was also offset by privatizations, it said.
Over the next year, the research house said it expects to see more innovation (in terms of TECHNOLOGY [], communications and multimedia, energy and engineering).
'We anticipate the healthcare sector to regain attention as superbugs re-emerge, and weather disruptions and macroeconomic concerns bring commodity prices to new highs. As for corporate Malaysia, we believe the (potentially lack of) execution of Government initiatives will drive sentiment as compared to the positive anticipation built up during 2010.
'News flow will thus remain the primary catalyst in the near term, but reversal of short-term capital will cause volatility. Our top picks thus reflect a mixture of both value and growth plays within their respective industries and markets.
On Bursa Malaysia, the top gainer at mid-morning was BAT that ros e32 sen to RM45.80; Tong Herr added 25 sen to RM2.59, Hap Seng rose 18 sen to RM7.14, PacificMas added 14 sen to RM4.82, SunCity was up 12 sen to RM4.42, DiGi up 10 sen to RM25.20, United Malacca rose nine sen to RM7.05 while Genting PLANTATION []s and Petronas Gas added eight sen each to RM8.88 and RM11.36.
IJM Land shares and warrants fell 16 sen each to RM3.08 and RM1.73, Amway lost 10 sen to RM8.20, Padini fell seven sen to RM5.48, while Boxpak and Fima Corp lost five sen each to RM1.15 and RM6.47.
Maxbiz was the most actively traded counter with 24.7 million shares done. The stock fell 6.5 sen to 17 sen.
Other actives included Tejari, IJM Land warrants, Mobif, Limahsoon, Asia EP and Key West.
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