KUALA LUMPUR: The FBM KLCI extended its gains at the mid-day break on Thursday, Feb 17 as banks and key blue chips although the broader market was weaker in line with the generally tepid investor sentiment at key regional markets.
At 12.30pm, the FBM KLCI gained 0.42% or 6.30 points to 1,512.60. Losers led gainers by 411 to 280, while 274 counters traded unchanged. Volume was 868.45 million shares valued at RM705.58 million.
The ringgit strengthened 0.13% to 3.0435 versus the US dollar; crude palm oil futures for the third month delivery fell RM19 per tonne to RM3,726, crude oil added nine cents per barrel to US$85.08 while gold jumped US$3.42 per troy ounce to US$1,377.84.
Hong Kong and Shanghai markets dipped as China revealed that while foreign direct investments into the Republic rose 23.4% year-on-year to US$10 billion in January, the figure was lower than the US$14 billion it drew in December last year.
Singapore's government revised its inflation forecast to 3-4% from earlier 2-3% and warned that price growth would accelerate to 5%-6% in the months ahead before moderating in the latter part of the year, according to Reuters.
Alongside its price forecasts, the government also cut its initial 2010 and fourth-quarter growth estimates. Fourth quarter seasonally-adjusted annualised growth was revised to 3.9% from 6.9%, while full year growth was marked down to 14.5% from 14.7%, it said.
The revisions were expected after weaker-than-forecast December manufacturing data, said Reuters.
''
Shanghai Composite Index -0.35% 2,913.76 Hang Seng Index -0.10% 23,133.23 Singapore's Straits Times Index -0.33% 3,084.64 South Korea's Kospi -0.59% 1,977.43 Nikkei 225 +0.41% 10,852.23 Taiwan's Taiex +0.14% 8,724.87 ''
Among the major gainers, Axiata added 10 sen to RM5.09, Petronas Dagangan 22 sen to RM12.72, Petronas Chemicals nine sen to RM6.19, Genting Malaysia seven sen to RM3.40 and Genting six sen to RM10.24.
Among banks AMMB added nine sen to RM6.33, CIMB eight sen to RM8.18, while Public Bank and Maybank rose four sen each to RM13.04 and RM8.51.
Other gainers included Kulim, Cycle & Carriage, Hartalega, Malaysia Smelting Corp, Kluang, Batu Kawan and Top Glove.
Decliners this morning included BAT, Nestle, MAHB, HPI, Uzma and Ho Hup, while the actives included Scomi, SAAG, Olympia, Iris Corp and Sozo Global.
At 12.30pm, the FBM KLCI gained 0.42% or 6.30 points to 1,512.60. Losers led gainers by 411 to 280, while 274 counters traded unchanged. Volume was 868.45 million shares valued at RM705.58 million.
The ringgit strengthened 0.13% to 3.0435 versus the US dollar; crude palm oil futures for the third month delivery fell RM19 per tonne to RM3,726, crude oil added nine cents per barrel to US$85.08 while gold jumped US$3.42 per troy ounce to US$1,377.84.
Hong Kong and Shanghai markets dipped as China revealed that while foreign direct investments into the Republic rose 23.4% year-on-year to US$10 billion in January, the figure was lower than the US$14 billion it drew in December last year.
Singapore's government revised its inflation forecast to 3-4% from earlier 2-3% and warned that price growth would accelerate to 5%-6% in the months ahead before moderating in the latter part of the year, according to Reuters.
Alongside its price forecasts, the government also cut its initial 2010 and fourth-quarter growth estimates. Fourth quarter seasonally-adjusted annualised growth was revised to 3.9% from 6.9%, while full year growth was marked down to 14.5% from 14.7%, it said.
The revisions were expected after weaker-than-forecast December manufacturing data, said Reuters.
''
Shanghai Composite Index -0.35% 2,913.76 Hang Seng Index -0.10% 23,133.23 Singapore's Straits Times Index -0.33% 3,084.64 South Korea's Kospi -0.59% 1,977.43 Nikkei 225 +0.41% 10,852.23 Taiwan's Taiex +0.14% 8,724.87 ''
Among the major gainers, Axiata added 10 sen to RM5.09, Petronas Dagangan 22 sen to RM12.72, Petronas Chemicals nine sen to RM6.19, Genting Malaysia seven sen to RM3.40 and Genting six sen to RM10.24.
Among banks AMMB added nine sen to RM6.33, CIMB eight sen to RM8.18, while Public Bank and Maybank rose four sen each to RM13.04 and RM8.51.
Other gainers included Kulim, Cycle & Carriage, Hartalega, Malaysia Smelting Corp, Kluang, Batu Kawan and Top Glove.
Decliners this morning included BAT, Nestle, MAHB, HPI, Uzma and Ho Hup, while the actives included Scomi, SAAG, Olympia, Iris Corp and Sozo Global.
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