KUALA LUMPUR: The FBM KLCI stayed in positive territory at the mid-day break on Friday, Feb 25, snapping its three-day losing streak in line with Asian stocks that gained on bargain hunting as oil prices retreated on easing worries of Middle East supply disruptions.
Brent oil prices had vaulted more than 7% to almost US$120 on Thursday before pulling back on rumours that Libyan leader Muammar Gaddafi had been shot and on Saudi Arabia's reassurances that it could counter Libyan supply disruptions, according to Reuters.
Japan's Nikkei average rose for the first time in four days while Hong Kong's stocks gained, helped by strong earnings from insurer AIA Group , a rebound in airline shares and Wall Street's overnight bounce, it said.
The FBM KLCI added 4.42 points to 1,494.29 at 12.30pm, lifted by gains atkey blue chips including DiGi, Genting, Axiata and MISC.
Gainers led losers by 438 to 280, while 255 counters traded unchanged. Volume was 734.70 million shares valued at RM825.51 million.
The ringgit strengthened 0.38% to 3.0515; crude palm oil for the third month delivery rose RM18 per tonne to RM3,473, oil shed 8 cents per barrel to US$97.20 and gold added US$2.17 per troy ounce to US$1,405.05.
At the regional markets, Hong Kong's Hang Seng Index jumped 1.66% to 22,976.61, Singapore's Straits Times Index rose 1.16% to 3,007.59, Taiwan's Taiex added 0.57% to 8,590.37, South Korea's Kospi gained 0.38% to 1,957.20 and the Shanghai Composite Index edged up 0.24% to 2,885.60.
Among the major gainers on the FBM KLCI, DiGi rose 50 sen to RM26.50, RHB Capital 18 sen to RM7.98, MISC 15 sen to RM7.60, Genting 10 sen to RM10.18, Genting Malaysia and Petronas Chemicals eight sen each to RM3.30 and RM6.29, while Axiata and Public Bank rose six sen each to RM4,91 and RM13.06.
Tradewinds rose 52 sen to RM8.08, Far East and Shell 50 sen each to RM7.60 and RM10.80, Paramount 37 sen to RM4.88, Carlsberg 31 sen to RM6.61 while BLD PLANTATION []s added 30 sen to RM5.10.
Losers this morning included KLK, Batu Kawan, Ralco, Asia File, QSR Brands, AMMB and Litrak.
Tanco was the most actively traded counter with 71.3 million shares done. The stock added nine sen to 43 sen. Other actives included Jotech, HWGB, Transmile, Olympia, SAAG and Ramunia.
Brent oil prices had vaulted more than 7% to almost US$120 on Thursday before pulling back on rumours that Libyan leader Muammar Gaddafi had been shot and on Saudi Arabia's reassurances that it could counter Libyan supply disruptions, according to Reuters.
Japan's Nikkei average rose for the first time in four days while Hong Kong's stocks gained, helped by strong earnings from insurer AIA Group , a rebound in airline shares and Wall Street's overnight bounce, it said.
The FBM KLCI added 4.42 points to 1,494.29 at 12.30pm, lifted by gains atkey blue chips including DiGi, Genting, Axiata and MISC.
Gainers led losers by 438 to 280, while 255 counters traded unchanged. Volume was 734.70 million shares valued at RM825.51 million.
The ringgit strengthened 0.38% to 3.0515; crude palm oil for the third month delivery rose RM18 per tonne to RM3,473, oil shed 8 cents per barrel to US$97.20 and gold added US$2.17 per troy ounce to US$1,405.05.
At the regional markets, Hong Kong's Hang Seng Index jumped 1.66% to 22,976.61, Singapore's Straits Times Index rose 1.16% to 3,007.59, Taiwan's Taiex added 0.57% to 8,590.37, South Korea's Kospi gained 0.38% to 1,957.20 and the Shanghai Composite Index edged up 0.24% to 2,885.60.
Among the major gainers on the FBM KLCI, DiGi rose 50 sen to RM26.50, RHB Capital 18 sen to RM7.98, MISC 15 sen to RM7.60, Genting 10 sen to RM10.18, Genting Malaysia and Petronas Chemicals eight sen each to RM3.30 and RM6.29, while Axiata and Public Bank rose six sen each to RM4,91 and RM13.06.
Tradewinds rose 52 sen to RM8.08, Far East and Shell 50 sen each to RM7.60 and RM10.80, Paramount 37 sen to RM4.88, Carlsberg 31 sen to RM6.61 while BLD PLANTATION []s added 30 sen to RM5.10.
Losers this morning included KLK, Batu Kawan, Ralco, Asia File, QSR Brands, AMMB and Litrak.
Tanco was the most actively traded counter with 71.3 million shares done. The stock added nine sen to 43 sen. Other actives included Jotech, HWGB, Transmile, Olympia, SAAG and Ramunia.
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