KUALA LUMPUR: ''The FBM KLCI extended its gains on Thursday, March 31 in line with the overnight gains at Wall Street and most key regional markets that rose on bargain hunting.
The FBM KLCI rose 6.30 points to 1,537.93 at mid-morning, lifted by gains including at Petronas Dagangan, Genting and Digi.
Gainers led losers by 290 to 187, while 234 counters traded unchanged. Volume was 623.79 million shares valued at RM353.43 million.
At the regional markets, Japan's Nikkei 225 slipped 0.03% to 9,705.91 and Taiwan's Taiex shed 0.04% to 8,642.97.
Meanwhile, Hong Kong's Hang Seng Index gained 0.52% to 23,573.09, Singapore's Straits Times Index added 0.36% to 3,106.39, the Shanghai Composite Index rose 0.11% to 2,959.15 and South Korea's Kospi edged up 0.08% to 2,093.07.
Most Asian shares edged up on Thursday, poised to end the quarter on a positive note after being briefly ravaged earlier in the month by a sell-off on Japan's disasters and Middle East turmoil, while the yen weakened on expectations of higher interest rates outside Japan, according to Reuters.
The yen has declined to the lowest since May 2010 against the euro in the wake of recent hawkish comments by euro zone, and has slid against the dollar as well after US central bank officials rekindled risk appetite for Japanese exporter stocks, it said.
BIMB Securities Research said Wall Street managed to stay in positive territory despite a host of negative news flow on the international front.
To begin with, Wall Street was jubilant over the encouraging private sector new hiring which rose to 201k in March, relatively in line with economists' expectation, it said.
'This could be a precursor for an encouraging job market report that is due this Friday. Note that the US unemployment level is still sticky at 8.9% as of February this year,' it said.
Elsewhere, it was reported that Portugal is an inch closer of needing a bailout while Spain's central bank has forecast a slower GDP growth and wider budget deficit.
In Japan, the nuclear plant seawater level has been tested with alarming radiation level or more aptly the highest level discovered this far.
'Depending on how the investors view the negative news flow on the international front, we are of the view that the local and regional market investors will continue to pick up beaten down share price today.
'This is provided that the situation in Japan does not get any worse than anticipated,' it said.
The top gainer at mid-morning was Petronas Dagangan that rose 20 sen to RM15.80; Genting added 18 sen to RM10.80, DiGi and AIC 12 sen each to RM28.58 and RM1.17, Cypark, Hong Leong Bank and Boustead 10 sen each to RM3.12, RM9.65 and RM5.79 respectively, while Nakamich, QSR and Boxpak added nine sen each to RM1, RM5.22 and RM1.48 respectively.
Talam was the most actively traded counter with 104.3 million shares done. The stock gained one sen to 10.5 sen.
Other actives included DBE, Perisai, ManagePay Systems, Tanco and Seal.
Decliners included Ta Ann, MBSB, Lafarge Malayan Cement, Esso, BHIC, Petra Energy, Subur Tiasa and Paramount.
The FBM KLCI rose 6.30 points to 1,537.93 at mid-morning, lifted by gains including at Petronas Dagangan, Genting and Digi.
Gainers led losers by 290 to 187, while 234 counters traded unchanged. Volume was 623.79 million shares valued at RM353.43 million.
At the regional markets, Japan's Nikkei 225 slipped 0.03% to 9,705.91 and Taiwan's Taiex shed 0.04% to 8,642.97.
Meanwhile, Hong Kong's Hang Seng Index gained 0.52% to 23,573.09, Singapore's Straits Times Index added 0.36% to 3,106.39, the Shanghai Composite Index rose 0.11% to 2,959.15 and South Korea's Kospi edged up 0.08% to 2,093.07.
Most Asian shares edged up on Thursday, poised to end the quarter on a positive note after being briefly ravaged earlier in the month by a sell-off on Japan's disasters and Middle East turmoil, while the yen weakened on expectations of higher interest rates outside Japan, according to Reuters.
The yen has declined to the lowest since May 2010 against the euro in the wake of recent hawkish comments by euro zone, and has slid against the dollar as well after US central bank officials rekindled risk appetite for Japanese exporter stocks, it said.
BIMB Securities Research said Wall Street managed to stay in positive territory despite a host of negative news flow on the international front.
To begin with, Wall Street was jubilant over the encouraging private sector new hiring which rose to 201k in March, relatively in line with economists' expectation, it said.
'This could be a precursor for an encouraging job market report that is due this Friday. Note that the US unemployment level is still sticky at 8.9% as of February this year,' it said.
Elsewhere, it was reported that Portugal is an inch closer of needing a bailout while Spain's central bank has forecast a slower GDP growth and wider budget deficit.
In Japan, the nuclear plant seawater level has been tested with alarming radiation level or more aptly the highest level discovered this far.
'Depending on how the investors view the negative news flow on the international front, we are of the view that the local and regional market investors will continue to pick up beaten down share price today.
'This is provided that the situation in Japan does not get any worse than anticipated,' it said.
The top gainer at mid-morning was Petronas Dagangan that rose 20 sen to RM15.80; Genting added 18 sen to RM10.80, DiGi and AIC 12 sen each to RM28.58 and RM1.17, Cypark, Hong Leong Bank and Boustead 10 sen each to RM3.12, RM9.65 and RM5.79 respectively, while Nakamich, QSR and Boxpak added nine sen each to RM1, RM5.22 and RM1.48 respectively.
Talam was the most actively traded counter with 104.3 million shares done. The stock gained one sen to 10.5 sen.
Other actives included DBE, Perisai, ManagePay Systems, Tanco and Seal.
Decliners included Ta Ann, MBSB, Lafarge Malayan Cement, Esso, BHIC, Petra Energy, Subur Tiasa and Paramount.
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