KUALA LUMPUR:'' The FBM KLCI started the first trading day on Monday, Jan 3, 2011 on a strong note, with the 30-stock index closing at the all-time high of 1,533, underpinned by buying interest in heavyweights including PLANTATION [] stocks.
The KLCI closed 14.51 points or 0.96% higher at 1,533.42. Turnover was a hefty 1.61 billion shares valued at RM2.09 billion. Advancing counters beat decliners 664 to 195.
Regional equities markets also made a strong start on the first trading day on Monday, Jan 3, rising between 0.3% and 1.43%.
Hong Kong's Hang Seng Index was the top performer, rising 1.74% or more than 400 points to 23,436.05; Singapore's Straits Times Index 1.43% to 3,235.77, South Korea's Kospi 0.93% higher at 2,070.08.'' Japan, China, Australia and New Zealand were closed.
Reuters reported Hong Kong stocks kicked of 2011 with a firm start as robust holiday spending provided a lift for shares of mall and casino operators, and energy stocks extended a recent strong run on the back of steady oil prices.
Spot gold prices were steady, after posting a 30% gain last year, and silver rose to a 30-year peak above US$31 on a bullish market outlook for this year, but a stronger dollar weighed.
Oil extended its rally above US$91 a barrel on optimism the global economic rebound is gathering momentum, which could drive demand growth and send prices above US$100 later this year.
At Bursa Malaysia, Sime Darby rose 15 sen to RM8.95 while CIMB added 12 sen to RM8.62, pushing the FBM KLCI up by 2.13 points and 2.11 points. Genting Malaysia's 12 sen gain to RM3.51 added 1.11 points to the benchmark.
BAT rose the most, climbing 80 sen to RM45.80, DiGi 48 sen to RM25.08 and Petronas Dagangan 30 sen to RM12.80.
Among plantations, United Plantations rose 46 sen to RM17.20 and KL Kepong 28 sen to RM22.38.
Allianz added 36 sen to RM4.85 and Allianz-PA 33 sen to RM4.71. CONSTRUCTION []-based Ekovest, which The Edge FinancialDaily reported on Jan 30 that executive chairman Datuk Lim Kang Hoo was keen on'' Tanjong Plc's gaming business, surged 38 sen to RM2.37.
The euphoria saw Talam, which posted losses, even adding 0.5 sen to nine sen with 76.67million shares done.
Borneo Oil, which released its quarterly earnings last Thursday, surged 15 sen to 34.5 sen. The group recorded a profit before taxation of RM80.30 million as compared to the preceding quarter loss of RM70,000.
BorneoOil had said this significant increase in the profit was mainly attributable to the effect of the change in the fair value of the group's investment PROPERTIES [] amounting to RM 80.74 million.
Among the decliners were Cepco, down 44 sen to RM2.26 with 2,000 shares done, JobStreet 17 sen to RM2.81 and EON Cap 12 sen to RM6.98.
IJM Land fell nine sen to RM2.77 in very active trade, with 10.59 million shares done, IJM Land-WA shed seven sen to RM1.54, IJM Corp five sen to RM6.18 while MRCB added one sen to RM2 after the selldown last Thursday ahead of the announcement that the IJM Land-MRCB merger was called off.
The KLCI closed 14.51 points or 0.96% higher at 1,533.42. Turnover was a hefty 1.61 billion shares valued at RM2.09 billion. Advancing counters beat decliners 664 to 195.
Regional equities markets also made a strong start on the first trading day on Monday, Jan 3, rising between 0.3% and 1.43%.
Hong Kong's Hang Seng Index was the top performer, rising 1.74% or more than 400 points to 23,436.05; Singapore's Straits Times Index 1.43% to 3,235.77, South Korea's Kospi 0.93% higher at 2,070.08.'' Japan, China, Australia and New Zealand were closed.
Reuters reported Hong Kong stocks kicked of 2011 with a firm start as robust holiday spending provided a lift for shares of mall and casino operators, and energy stocks extended a recent strong run on the back of steady oil prices.
Spot gold prices were steady, after posting a 30% gain last year, and silver rose to a 30-year peak above US$31 on a bullish market outlook for this year, but a stronger dollar weighed.
Oil extended its rally above US$91 a barrel on optimism the global economic rebound is gathering momentum, which could drive demand growth and send prices above US$100 later this year.
At Bursa Malaysia, Sime Darby rose 15 sen to RM8.95 while CIMB added 12 sen to RM8.62, pushing the FBM KLCI up by 2.13 points and 2.11 points. Genting Malaysia's 12 sen gain to RM3.51 added 1.11 points to the benchmark.
BAT rose the most, climbing 80 sen to RM45.80, DiGi 48 sen to RM25.08 and Petronas Dagangan 30 sen to RM12.80.
Among plantations, United Plantations rose 46 sen to RM17.20 and KL Kepong 28 sen to RM22.38.
Allianz added 36 sen to RM4.85 and Allianz-PA 33 sen to RM4.71. CONSTRUCTION []-based Ekovest, which The Edge FinancialDaily reported on Jan 30 that executive chairman Datuk Lim Kang Hoo was keen on'' Tanjong Plc's gaming business, surged 38 sen to RM2.37.
The euphoria saw Talam, which posted losses, even adding 0.5 sen to nine sen with 76.67million shares done.
Borneo Oil, which released its quarterly earnings last Thursday, surged 15 sen to 34.5 sen. The group recorded a profit before taxation of RM80.30 million as compared to the preceding quarter loss of RM70,000.
BorneoOil had said this significant increase in the profit was mainly attributable to the effect of the change in the fair value of the group's investment PROPERTIES [] amounting to RM 80.74 million.
Among the decliners were Cepco, down 44 sen to RM2.26 with 2,000 shares done, JobStreet 17 sen to RM2.81 and EON Cap 12 sen to RM6.98.
IJM Land fell nine sen to RM2.77 in very active trade, with 10.59 million shares done, IJM Land-WA shed seven sen to RM1.54, IJM Corp five sen to RM6.18 while MRCB added one sen to RM2 after the selldown last Thursday ahead of the announcement that the IJM Land-MRCB merger was called off.
Hope can sustain for one month
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