KUALA LUMPUR: The FBM KLCI closed higher on Thursday, March 3, although it pared down some its gains in line with the cautious trading sentiment at most key regional markets as still high crude oil prices underpinned investor worries of a slower global economic growth.
The FBM KLCI closed 0.51% or 7.60 points higher at 1,506.88, lifted by gains including at banking, PLANTATION [] and telecommunication stocks.'' The index had earlier risen to its intra-day high of 1,512.82.
Gainers led losers by 503 to 252, while 307 counters traded unchanged. Volume was 1.07 billion shares valued at RM1.52 billion.
At the regional markets, Japan's Nikkei 225 closed 0.89% higher at 10,586.02, Hong Kong's Hang Seng Index up 0.32% to 23,122.42, Taiwan's Taiex 1.37% up to 8,738.37, South Korea's Kospi surged 2.2% to 1,970.66, and Singapore's Straits Times Index rose 0.33% to 3,037.35. The Shanghai Composite Index, however, lost 0.37% to 2,902.98.
A proposal by Venezuela President Hugo Chavez to try to broker a peace deal in Libya, however, briefly pushed oil lower on Thursday, while recently risk-averse stock markets put in some gains, according to Reuters.
European markets were volatile ahead of a European Central Bank meeting that was expected to sharpen its anti-inflation line, it said.
Early losses of around US$3 a barrel in crude oil were pared back on reports of continued fighting in Libya, including air strikes against rebel positions.
Brent crude oil fell as low as US$113.09 a barrel but was later back up around US$116, said Reuters.
On Bursa Malaysia, among the major gainers, Maybank rose eight sen to RM8.76, Public Bank and RHB Capital six sen each to RM13.10 and RM7.95, HLFG 11 sen to RM8.87, Hong Leong Bank nine sen to RM9.39 and AMMB five sen to RM6.26.
Among plantations, United Plantations rose 30 sen to RM17.30, Genting Plantations 29 sen to RM7.99, PPB 26 sen to RM17.06, KLK 24 sen to RM20.50 and Sime Darby five sen to RM9.08.
Dutch Lady was 28 sen to RM15.90, F&N 20 sen to RM16.14, SEG International 18 sen to RM3.48, YTL Corp 17 sen to RM7.17, DiGi 24 sen to RM27.10 and Maxis six sen to RM5.51.
Decliners included Genting, PLUS, Genting Malaysia, PacificMas, C.I Holdings and BAT.
Tanco was the most actively traded counter with 41.6 million shares done. The stock added one sen to 34 sen. Other actives included HWGB, Olympia, CIMB, Karambunai, SAAG and DRB-Hicom.
The FBM KLCI closed 0.51% or 7.60 points higher at 1,506.88, lifted by gains including at banking, PLANTATION [] and telecommunication stocks.'' The index had earlier risen to its intra-day high of 1,512.82.
Gainers led losers by 503 to 252, while 307 counters traded unchanged. Volume was 1.07 billion shares valued at RM1.52 billion.
At the regional markets, Japan's Nikkei 225 closed 0.89% higher at 10,586.02, Hong Kong's Hang Seng Index up 0.32% to 23,122.42, Taiwan's Taiex 1.37% up to 8,738.37, South Korea's Kospi surged 2.2% to 1,970.66, and Singapore's Straits Times Index rose 0.33% to 3,037.35. The Shanghai Composite Index, however, lost 0.37% to 2,902.98.
A proposal by Venezuela President Hugo Chavez to try to broker a peace deal in Libya, however, briefly pushed oil lower on Thursday, while recently risk-averse stock markets put in some gains, according to Reuters.
European markets were volatile ahead of a European Central Bank meeting that was expected to sharpen its anti-inflation line, it said.
Early losses of around US$3 a barrel in crude oil were pared back on reports of continued fighting in Libya, including air strikes against rebel positions.
Brent crude oil fell as low as US$113.09 a barrel but was later back up around US$116, said Reuters.
On Bursa Malaysia, among the major gainers, Maybank rose eight sen to RM8.76, Public Bank and RHB Capital six sen each to RM13.10 and RM7.95, HLFG 11 sen to RM8.87, Hong Leong Bank nine sen to RM9.39 and AMMB five sen to RM6.26.
Among plantations, United Plantations rose 30 sen to RM17.30, Genting Plantations 29 sen to RM7.99, PPB 26 sen to RM17.06, KLK 24 sen to RM20.50 and Sime Darby five sen to RM9.08.
Dutch Lady was 28 sen to RM15.90, F&N 20 sen to RM16.14, SEG International 18 sen to RM3.48, YTL Corp 17 sen to RM7.17, DiGi 24 sen to RM27.10 and Maxis six sen to RM5.51.
Decliners included Genting, PLUS, Genting Malaysia, PacificMas, C.I Holdings and BAT.
Tanco was the most actively traded counter with 41.6 million shares done. The stock added one sen to 34 sen. Other actives included HWGB, Olympia, CIMB, Karambunai, SAAG and DRB-Hicom.
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