KUALA LUMPUR: Buying of selected blue chips, including GENTING BHD [], enabled the FBM KLCI to close higher on Wednesday, Jan 12, as market sentiment was bolstered by the rally in Hong Kong.
The FBM KLCI rose 0.23% or 3.55 points to 1,566.49, lifted by gains in key blue chips including Petronas' stable of companies. Advancing counters led decliners 460 to 406 while 273 counters were unchanged. Volume was 2.47 billion shares valued at RM2.7 billion.
The Hang Seng Index jumped 1.54% to 24,125.61 with a rally in index heavyweight HSBC helping to lift the benchmark past near-term resistance. The Shanghai Composite Index rose 0.62% to 2,821.30, Taiwan's Taiex 0.38% to 8,965.00, South Korea's Kospi 0.32% to 2,094.95 and Singapore's Straits Times Index 0.08% to 3,243.99.
At Bursa Malaysia, oil and gas-related counters continued to extend their gains in today on expectations of a boost for the sector on the back of a slew of multi-billion ringgit projects earmarked to kick-off this year.
Genting was the top gainer and rose 42 sen to RM11.84; Nestle 40 sen to RM45.10, BAT 38 sen to RM47.18, Aeon 28 sen to RM6.40, Bursa 24 sen to RM8.75 and Tradewinds 19 sen to RM7.29.
Among the oil and gas-related stocks, SapuraCrest jumped 33 sen'' to RM3.78, Deleum 23 sen to RM1.85, Kencana and Esso 13 sen each to RM2.86 and RM2.98, Petronas Dagangan eight sen to RM12.04, Petronas Chemicals and Petronas Gas four sen each to RM6.02 and RM11.24 while Dialog was up five sen to RM2.21.
For the third straight day, Hap Seng Consolidated extended its losses, down 64 sen to RM6.16 as investors seemed unhappy with the near RM1.5 billion fund-raising exercise via the share placement and rights issue.
Hock Sin Leong tumbled 27 sen to 7 sen, PPB fell 24 sen to RM17.10, KLK and Masterskill lost 10 sen each to RM22.26 and RM2.34.
Glove makers fell on concerns of higher latex cost, with Top Glove down 11 sen to RM5.27, Hartalega eight sen to RM5.52, Supermax and Kossan down six sen each to RM4.63 and RM3.27, while Adventa and Latexx fell one sen each to RM2.58 and RM2.59.
The actives included SAAG, Talam, Ramunia, Borneo Oil, Olympia and Scomi.
The FBM KLCI rose 0.23% or 3.55 points to 1,566.49, lifted by gains in key blue chips including Petronas' stable of companies. Advancing counters led decliners 460 to 406 while 273 counters were unchanged. Volume was 2.47 billion shares valued at RM2.7 billion.
The Hang Seng Index jumped 1.54% to 24,125.61 with a rally in index heavyweight HSBC helping to lift the benchmark past near-term resistance. The Shanghai Composite Index rose 0.62% to 2,821.30, Taiwan's Taiex 0.38% to 8,965.00, South Korea's Kospi 0.32% to 2,094.95 and Singapore's Straits Times Index 0.08% to 3,243.99.
At Bursa Malaysia, oil and gas-related counters continued to extend their gains in today on expectations of a boost for the sector on the back of a slew of multi-billion ringgit projects earmarked to kick-off this year.
Genting was the top gainer and rose 42 sen to RM11.84; Nestle 40 sen to RM45.10, BAT 38 sen to RM47.18, Aeon 28 sen to RM6.40, Bursa 24 sen to RM8.75 and Tradewinds 19 sen to RM7.29.
Among the oil and gas-related stocks, SapuraCrest jumped 33 sen'' to RM3.78, Deleum 23 sen to RM1.85, Kencana and Esso 13 sen each to RM2.86 and RM2.98, Petronas Dagangan eight sen to RM12.04, Petronas Chemicals and Petronas Gas four sen each to RM6.02 and RM11.24 while Dialog was up five sen to RM2.21.
For the third straight day, Hap Seng Consolidated extended its losses, down 64 sen to RM6.16 as investors seemed unhappy with the near RM1.5 billion fund-raising exercise via the share placement and rights issue.
Hock Sin Leong tumbled 27 sen to 7 sen, PPB fell 24 sen to RM17.10, KLK and Masterskill lost 10 sen each to RM22.26 and RM2.34.
Glove makers fell on concerns of higher latex cost, with Top Glove down 11 sen to RM5.27, Hartalega eight sen to RM5.52, Supermax and Kossan down six sen each to RM4.63 and RM3.27, while Adventa and Latexx fell one sen each to RM2.58 and RM2.59.
The actives included SAAG, Talam, Ramunia, Borneo Oil, Olympia and Scomi.
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