KUALA LUMPUR: The FBM KLCI staged at mild rebound in early trade on Monday, Feb 14 in line with the rise at key regional markets following the slightly firmer close at Wall Street last Friday, as well as on news of the resignation of Egyptian president Hosni Mubarak, which eased worries of tension in the region.
Meanwhile, Japan's Nikkei'' 225 advanced after data showed Japan's economy shrank slightly in the final quarter of last year but beat forecasts for a bigger contraction, according to Reuters.
At mid-morning, the FBM KLCI rose 8.68 points to 1,503.20, lifted by gains at blue chips including Genting, Tenaga, CIMB and BAT.
Gainers led losers by 337 to 134, while 223 counters traded unchanged. Volume was 390.93 million shares valued at RM260.12 million.
At the regional markets, the Nikkei 225 rose 0.76% to 10,686.43, the Shanghai Composite Index added 0.72% to 2,847.58, Taiwan's Taiex rose 0.61% to 8,662.69, South Korea's Kospi jumped 1.28% to 2,002.56, Singapore's Straits Times Index gained 0.78% to 3,101.36 while Hong Kong's Hang Seng Index was up 0.8% to 23,000.24.
Hwang DBS Vickers Research in a note Feb 14 said the benchmark FBM KLCI may show early signs of stability ahead.
'If so, then the key market barometer could stage a mild technical rebound by bouncing away from the immediate support level of 1,495 today,' it said.
The research house also said external sentiment will likely improve too on the back of a higher close on Wall Street, where key US equity indices rose between 0.4% and 0.7% last Friday to new highs post the crisis days lifted by better retail sales and an end to the Egypt protest.
Among the major gainers on Bursa Malaysia, BAT rose 50 sen to RM46.70, Kulim 40 sen to RM13.54, Genting PLANTATION []s 19 to RM8.29, Cycle & Carriage 18 sen to RM4.65, Genting 16 sen to RM10.24. HLFG 13 sen to RM8.88, Tenaga 12 sen to RM6.07, CIMB 11 sen to RM8.21 and GAB added 10 sen to RM9.50.
DiGi led the decliners and fell 22 sen to RM25.38; WCT lost 10 sen to RM3.24, Aliran Ihsan, CBIP and YHN PROPERTIES [] fell six sen each to RM1.72, RM4.16 and RM2.04, VS Industry five sen to RM1.95, while Mamee and Kim Loong fell four sen each to RM3.54 and RM2.41.
Frontken was the most active counter with 32.7 million shares traded. The stock added three sen to 23.5 sen. Other actives included Ho Wah Genting, Iris Corp, Palette, SAAG, Borneo Oil and Karambunai.
Meanwhile, Japan's Nikkei'' 225 advanced after data showed Japan's economy shrank slightly in the final quarter of last year but beat forecasts for a bigger contraction, according to Reuters.
At mid-morning, the FBM KLCI rose 8.68 points to 1,503.20, lifted by gains at blue chips including Genting, Tenaga, CIMB and BAT.
Gainers led losers by 337 to 134, while 223 counters traded unchanged. Volume was 390.93 million shares valued at RM260.12 million.
At the regional markets, the Nikkei 225 rose 0.76% to 10,686.43, the Shanghai Composite Index added 0.72% to 2,847.58, Taiwan's Taiex rose 0.61% to 8,662.69, South Korea's Kospi jumped 1.28% to 2,002.56, Singapore's Straits Times Index gained 0.78% to 3,101.36 while Hong Kong's Hang Seng Index was up 0.8% to 23,000.24.
Hwang DBS Vickers Research in a note Feb 14 said the benchmark FBM KLCI may show early signs of stability ahead.
'If so, then the key market barometer could stage a mild technical rebound by bouncing away from the immediate support level of 1,495 today,' it said.
The research house also said external sentiment will likely improve too on the back of a higher close on Wall Street, where key US equity indices rose between 0.4% and 0.7% last Friday to new highs post the crisis days lifted by better retail sales and an end to the Egypt protest.
Among the major gainers on Bursa Malaysia, BAT rose 50 sen to RM46.70, Kulim 40 sen to RM13.54, Genting PLANTATION []s 19 to RM8.29, Cycle & Carriage 18 sen to RM4.65, Genting 16 sen to RM10.24. HLFG 13 sen to RM8.88, Tenaga 12 sen to RM6.07, CIMB 11 sen to RM8.21 and GAB added 10 sen to RM9.50.
DiGi led the decliners and fell 22 sen to RM25.38; WCT lost 10 sen to RM3.24, Aliran Ihsan, CBIP and YHN PROPERTIES [] fell six sen each to RM1.72, RM4.16 and RM2.04, VS Industry five sen to RM1.95, while Mamee and Kim Loong fell four sen each to RM3.54 and RM2.41.
Frontken was the most active counter with 32.7 million shares traded. The stock added three sen to 23.5 sen. Other actives included Ho Wah Genting, Iris Corp, Palette, SAAG, Borneo Oil and Karambunai.
No comments:
Post a Comment