KUALA LUMPUR:'' The FBM KLCI gave up some of its gains from early morning trade on Friday, March 4 as indications of some mild profit taking emerged, with gains also slightly tapering off at key regional markets.
At the mid-day break, the FBM KLCI was up 0.92% or 13.92 points to 1,520.80. It had earlier risen to its intra-morning high of 1,529.41. Gainers led losers by 541 to 148, while 246 counters traded unchanged. Volume was 515.22 million shares valued at RM840.75 million.
The ringgit strengthened 0.07% to 3.0293 versus the US dollar; crude palm oil for the third month delivery rose RM16 per tonne to RM3,586, crude oil added 25 cents per barrel to US$102.16, while gold rose US$3.20 per troy ounce to US$1,419.20.
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Hang Seng Index +1.28% 23,418.59 South Korea's Kospi +1.31% 1,996.57 Straits Times Index +1.19% 3,073.45 Nikkei 225 +0.95% 10,686.40 Taiwan's Taiex +0.73% 8,801.96 Shanghai Composite Index +0.21% 2,909.11 ''
However, concerns of still high crude oil prices in the wake of the Middle-East and North African geopolitical tensions remain unabated.
Libyan rebels prepared for further attacks by forces loyal to leader Muammar Gaddafi on Friday as both sides struggled for control of a strategic coast road and oil industry facilities, according to Reuters.
Although economic data emerging from the US are encouraging, with expectations strong employment growth, investors still remain cautious with analysts advising them to liquidate on rallies and remain more in cash.
On Bursa Malaysia, banking stocks were among the major gainers with AMMB up 13 sen to RM6.39, HLFG six sen to RM8.93, RHB Capital five sen to RM8, Public Bank four sen to RM13.14, Maybank three sen to RM8.79 and CIMB two sen to RM8.02.
KLK rose 60 sen to RM21.10, DiGi 54 sen to RM27.64, BAT 46 sen to RM49.20, MISC 32 sen to RM8.08, Genting 24 sen RM10.26, Panasonic 22 sen to RM18.80, United PLANTATION []s 20 sen to RM17.50 and Petronas Dagangan 18 sen to RM14.20.
Losers this morning included Proton which fell 21 sen to RM3.24, Fima Corp and Parkson 15 sen each to RM6.05 and RM5.21, Nakamichi 11.5 sen to 86 sen, Genome 7.5 sen to 72.5 sen and Paos 5.5 sen to 74.5 sen.
Tanco was the most actively traded counter with 17.9 million shares done. The stock added one sen to 35 sen. Other actives included HWGB, Olympia, CIMB, KNM and SAAG.
At the mid-day break, the FBM KLCI was up 0.92% or 13.92 points to 1,520.80. It had earlier risen to its intra-morning high of 1,529.41. Gainers led losers by 541 to 148, while 246 counters traded unchanged. Volume was 515.22 million shares valued at RM840.75 million.
The ringgit strengthened 0.07% to 3.0293 versus the US dollar; crude palm oil for the third month delivery rose RM16 per tonne to RM3,586, crude oil added 25 cents per barrel to US$102.16, while gold rose US$3.20 per troy ounce to US$1,419.20.
''
Hang Seng Index +1.28% 23,418.59 South Korea's Kospi +1.31% 1,996.57 Straits Times Index +1.19% 3,073.45 Nikkei 225 +0.95% 10,686.40 Taiwan's Taiex +0.73% 8,801.96 Shanghai Composite Index +0.21% 2,909.11 ''
However, concerns of still high crude oil prices in the wake of the Middle-East and North African geopolitical tensions remain unabated.
Libyan rebels prepared for further attacks by forces loyal to leader Muammar Gaddafi on Friday as both sides struggled for control of a strategic coast road and oil industry facilities, according to Reuters.
Although economic data emerging from the US are encouraging, with expectations strong employment growth, investors still remain cautious with analysts advising them to liquidate on rallies and remain more in cash.
On Bursa Malaysia, banking stocks were among the major gainers with AMMB up 13 sen to RM6.39, HLFG six sen to RM8.93, RHB Capital five sen to RM8, Public Bank four sen to RM13.14, Maybank three sen to RM8.79 and CIMB two sen to RM8.02.
KLK rose 60 sen to RM21.10, DiGi 54 sen to RM27.64, BAT 46 sen to RM49.20, MISC 32 sen to RM8.08, Genting 24 sen RM10.26, Panasonic 22 sen to RM18.80, United PLANTATION []s 20 sen to RM17.50 and Petronas Dagangan 18 sen to RM14.20.
Losers this morning included Proton which fell 21 sen to RM3.24, Fima Corp and Parkson 15 sen each to RM6.05 and RM5.21, Nakamichi 11.5 sen to 86 sen, Genome 7.5 sen to 72.5 sen and Paos 5.5 sen to 74.5 sen.
Tanco was the most actively traded counter with 17.9 million shares done. The stock added one sen to 35 sen. Other actives included HWGB, Olympia, CIMB, KNM and SAAG.
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