KUALA LUMPUR: The FBM KLCI remained in positive territory at midday on Monday, Feb 7 but gave up a better portion of its early gains on mild profit taking, including GENTING BHD [].
However, PLANTATION [] stocks attracted interest as sentiment was underpinned by the firm crude palm oil (CPO) prices.
At 12.30pm, the FBM KLCI was up 3.43 points to 1,535.25, lifted by banking and index-linked plantation stocks.'' The 30-stock index had risen to its intra-morning high of 1.541.43 in early trade.
Gainers led losers 390 to 330 while 270 counters were traded unchanged. Volume was 1.6 billion shares valued at RM1.22 billion.
The ringgit weakened 0.23% to 3.0365; crude palm oil fell RM3 per tonne to RM3,842, crude oil added eight cents per barrel to US$89.11 while gold slipped US$1.63 per troy ounce to US$1,347.22.
Hong Kong's the Hang Seng Index and Singapore's Straits Times Index, however, slipped into the red after having kicked off the morning in the black on the back of the encouraging employment data from the US last week.
At the regional markets, the Hang Seng Index fell 0.56% to 23,774.45 and the Straits Times Index shed 0.20% to 3,204.55.
Japan's Nikkei 225 added 0.73% to 10.620.26 and South Korea's Kospi rose 1.07% to 2,094.19.
China's stock markets remained closed for the Chinese New Year holidays and would resume traded on Feb 9.
At Bursa Malaysia, KLK was the top gainer this morning and rose RM1.10 to RM22.70; Batu Kawan added 38 sen to RM17.12, Boustead 12 sen to RM5.82, IOI Corp five sen to RM5.80 and Sime Darby two sen to RM9.31.
Among banks, Maybank was up seven sen to RM8.80, CIMB three sen to RM8.41 and Public Bank two sen to RM13.46.
Other gainers included Dutch Lady, BHIC, Guan Chong, Mitrajaya, Hong Leong Industries and QL Resources.
Iris Corp was the most active with 109.2 million shares done. The stock added five sen to 22 sen.
HWGB rose five sen to 95.5 sen with 81.6 million shares done while its warrants, HWGB-WB added 6.5 sen to 91.5 sen.
Genting fell 34 sen to RM11, dragging the FBM KLCI by almost three points in the absence of negative news. CIMB Research said it remained Overweight on the Malaysian gaming sector.
'Our sum-of-parts target price for our top pick, Genting Bhd, is nudged up from RM15.20 to RM15.50 following our target price upgrade for Genting Malaysia. We continue to view the stock as a cheaper indirect play on Singapore's potential as a regional gaming and tourism hub,' it said.
BAT lost 50 sen to RM47.50, TAHPS 35 sen to RM4.85, Paramount 22 sen to RM4.56, HLFG 16 sen to RM8.74, Tradewinds Plantations 12 sen to RM3.21 and Delloyd 11 sen to RM3.51.
However, PLANTATION [] stocks attracted interest as sentiment was underpinned by the firm crude palm oil (CPO) prices.
At 12.30pm, the FBM KLCI was up 3.43 points to 1,535.25, lifted by banking and index-linked plantation stocks.'' The 30-stock index had risen to its intra-morning high of 1.541.43 in early trade.
Gainers led losers 390 to 330 while 270 counters were traded unchanged. Volume was 1.6 billion shares valued at RM1.22 billion.
The ringgit weakened 0.23% to 3.0365; crude palm oil fell RM3 per tonne to RM3,842, crude oil added eight cents per barrel to US$89.11 while gold slipped US$1.63 per troy ounce to US$1,347.22.
Hong Kong's the Hang Seng Index and Singapore's Straits Times Index, however, slipped into the red after having kicked off the morning in the black on the back of the encouraging employment data from the US last week.
At the regional markets, the Hang Seng Index fell 0.56% to 23,774.45 and the Straits Times Index shed 0.20% to 3,204.55.
Japan's Nikkei 225 added 0.73% to 10.620.26 and South Korea's Kospi rose 1.07% to 2,094.19.
China's stock markets remained closed for the Chinese New Year holidays and would resume traded on Feb 9.
At Bursa Malaysia, KLK was the top gainer this morning and rose RM1.10 to RM22.70; Batu Kawan added 38 sen to RM17.12, Boustead 12 sen to RM5.82, IOI Corp five sen to RM5.80 and Sime Darby two sen to RM9.31.
Among banks, Maybank was up seven sen to RM8.80, CIMB three sen to RM8.41 and Public Bank two sen to RM13.46.
Other gainers included Dutch Lady, BHIC, Guan Chong, Mitrajaya, Hong Leong Industries and QL Resources.
Iris Corp was the most active with 109.2 million shares done. The stock added five sen to 22 sen.
HWGB rose five sen to 95.5 sen with 81.6 million shares done while its warrants, HWGB-WB added 6.5 sen to 91.5 sen.
Genting fell 34 sen to RM11, dragging the FBM KLCI by almost three points in the absence of negative news. CIMB Research said it remained Overweight on the Malaysian gaming sector.
'Our sum-of-parts target price for our top pick, Genting Bhd, is nudged up from RM15.20 to RM15.50 following our target price upgrade for Genting Malaysia. We continue to view the stock as a cheaper indirect play on Singapore's potential as a regional gaming and tourism hub,' it said.
BAT lost 50 sen to RM47.50, TAHPS 35 sen to RM4.85, Paramount 22 sen to RM4.56, HLFG 16 sen to RM8.74, Tradewinds Plantations 12 sen to RM3.21 and Delloyd 11 sen to RM3.51.
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