KUALA LUMPUR: The FBM KLCI advanced in early trade on Wednesday, Jan 12 in line with key regional markets following the slightly firmer overnight close at Wall Street.
At mid-morning, the benchmark FBM KLCI was up 1.61 points to 1,564.55, lifted by gains including at CIMB, Genting, Public Bank and Petronas Chemicals.
Gainers led losers by 309 to 201, while 270 counters traded unchanged. Volume was 596.43 million shares valued at RM405.76 million.
At the regional markets, Japan's Nikkei 225 rose 0.50% to 10,563.33, the Shanghai Composite Index added 0.38% to 2,814.77, Taiwan's Taiex was up 0.31% to 8,958.89, South Korea's Kospi was up 0.17% to 2,091.88, Singapore's Straits Times Index edged up 0.05% to 3,243.25 while Hong Kong's Hang Seng Index opened 0.5% higher at 23,886.44.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note Jan 12 said that due to the slightly firm US markets last night,'' the FBM KLCI could be in a benign stance today, with rotational buying that may see some minor profit-taking activities in the later part of the day.
'The FBM KLCI has temporarily stalled at its new all-time high of 1,576.95 on Jan 6, 2011.
'A softer phase may emerge before trying for higher territory in the medium-term,' he said.
Among the leading gainers on Bursa Malaysia in early trade, CIMB, Public Bank, Petronas Chemicals and Axiata added two sen each to RM8.79, 13.48, RM6 and RM4.90 respectively, Genting rose six sen to RM11.48 and Petronas Dagangan was up eight sen to RM12.04.
Esso added 16 sen to RM3.01, Cypark 14 sen to RM1.86, Sungei Bagan 12 sen to RM3.40, S P Setia 11 sen to RM6.61, Nestle and Mamee 10 sen each to RM44.80 and RM3.58, and Bursa added nine sen to RM8.60.
LPI Capital gained 14 sen to RM14.04 after posting higher fourth quarter earnings and declaring a second single tier interim dividend of 45 sen per share.
Among the decliners, Hap Seng fell 33 sen to RM6.47, Panasonic lost 14 sen to RM18.50, Supermax fell nine sen to RM4.60, DiGi down eight sen to RM25, PacificMas and Ekovest lost seven sen each to RM4.72 and RM3.40, Tan Chong down six sen to RM4.97, YTL fell five sen to RM8.40 while GAB shed four sen to RM10.74.
Actives in early traded included SAAG, Talam, Ramunia, Olympia, Mithril, Maxbiz, Daya Materials and Hovid.
At mid-morning, the benchmark FBM KLCI was up 1.61 points to 1,564.55, lifted by gains including at CIMB, Genting, Public Bank and Petronas Chemicals.
Gainers led losers by 309 to 201, while 270 counters traded unchanged. Volume was 596.43 million shares valued at RM405.76 million.
At the regional markets, Japan's Nikkei 225 rose 0.50% to 10,563.33, the Shanghai Composite Index added 0.38% to 2,814.77, Taiwan's Taiex was up 0.31% to 8,958.89, South Korea's Kospi was up 0.17% to 2,091.88, Singapore's Straits Times Index edged up 0.05% to 3,243.25 while Hong Kong's Hang Seng Index opened 0.5% higher at 23,886.44.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note Jan 12 said that due to the slightly firm US markets last night,'' the FBM KLCI could be in a benign stance today, with rotational buying that may see some minor profit-taking activities in the later part of the day.
'The FBM KLCI has temporarily stalled at its new all-time high of 1,576.95 on Jan 6, 2011.
'A softer phase may emerge before trying for higher territory in the medium-term,' he said.
Among the leading gainers on Bursa Malaysia in early trade, CIMB, Public Bank, Petronas Chemicals and Axiata added two sen each to RM8.79, 13.48, RM6 and RM4.90 respectively, Genting rose six sen to RM11.48 and Petronas Dagangan was up eight sen to RM12.04.
Esso added 16 sen to RM3.01, Cypark 14 sen to RM1.86, Sungei Bagan 12 sen to RM3.40, S P Setia 11 sen to RM6.61, Nestle and Mamee 10 sen each to RM44.80 and RM3.58, and Bursa added nine sen to RM8.60.
LPI Capital gained 14 sen to RM14.04 after posting higher fourth quarter earnings and declaring a second single tier interim dividend of 45 sen per share.
Among the decliners, Hap Seng fell 33 sen to RM6.47, Panasonic lost 14 sen to RM18.50, Supermax fell nine sen to RM4.60, DiGi down eight sen to RM25, PacificMas and Ekovest lost seven sen each to RM4.72 and RM3.40, Tan Chong down six sen to RM4.97, YTL fell five sen to RM8.40 while GAB shed four sen to RM10.74.
Actives in early traded included SAAG, Talam, Ramunia, Olympia, Mithril, Maxbiz, Daya Materials and Hovid.
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