KUALA LUMPUR: Asian markets, including Bursa Malaysia, rebounded on Wednesday, March 16 as Japan's Nikkei 225 staged a remarkable comeback and surged more than 6% at one point as investors picked up stocks battered over the past two days.
The Nikkei 225 plunged on Monday and Tuesday following the deadly earthquake last Friday that sparked off a tsunami and a now, worries of a nuclear meltdown.
Japanese stocks rebounded on Wednesday from a major pummelling that some investors thought overdone, lifting equities elsewhere and allowing the yen to dip from a near record high against the dollar, according to Reuters.
Brent crude traded back around US$110 a barrel after Bahraini security forces cracked down on protesters and while fighting in Libya simmered in the background, it said.
The FBM KLCI rose 0.56% or 8.30 points to 1,492.44, lifted by gains including at CIMB, Genting, MISC and Maybank.
Gainers beat losers by 548 to 197, while 252 counters traded unchanged. Volume was 931.42 million shares valued at RM1.47 billion.
At the regional markets, Japan's Nikkei 225 closed 5.68% higher at 9,093.72, the Shanghai Composite Index rose 1.19% to 2,930.80, Taiwan's Taiex added 1.09% to 8,324.58, South Korea's Kospi gained 1.77% to 1,957.97, Singapore's Straits Times Index added 0.85% to 2,971.00 and Hong Kong's Hang Seng Index edged up 0.10% to 22,700.88.
On Bursa Malaysia, major gainers included CIMB that rose 12 sen to RM8, Genting 15 sen to RM10.10, MISC 13 sen to RM7.55, Maybank four sen to RM8.70, Telekom seven sen to 3.89, Axiata two sen to RM4.75, Petronas Dagangan 26 sen to RM14.58 and DiGi 18 sen to RM27.40.
Other gainers included HPI, Lebar Daun, IJM Land, Carlsberg and GAB.
Meanwhile, Ta Ann rose 11 sen to RM4.98, Jaya Tiasa 10 sen to RM5.10 and WTK 17 sen to RM1.54 on expectations of a rise in demand for timber products following the destruction in Japan.
ManagePay Systems was the most actively traded counter with 41.6 million shares done. The stock shed one sen to 21 sen. Other actives included SAAG, IRCB, Axiata, HWGB, Karambunai and Tanco.
Decliners included Far East Corp, TexCycle, MTD Capital, Texchem, Nestle, Aeon and HELP.
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The Nikkei 225 plunged on Monday and Tuesday following the deadly earthquake last Friday that sparked off a tsunami and a now, worries of a nuclear meltdown.
Japanese stocks rebounded on Wednesday from a major pummelling that some investors thought overdone, lifting equities elsewhere and allowing the yen to dip from a near record high against the dollar, according to Reuters.
Brent crude traded back around US$110 a barrel after Bahraini security forces cracked down on protesters and while fighting in Libya simmered in the background, it said.
The FBM KLCI rose 0.56% or 8.30 points to 1,492.44, lifted by gains including at CIMB, Genting, MISC and Maybank.
Gainers beat losers by 548 to 197, while 252 counters traded unchanged. Volume was 931.42 million shares valued at RM1.47 billion.
At the regional markets, Japan's Nikkei 225 closed 5.68% higher at 9,093.72, the Shanghai Composite Index rose 1.19% to 2,930.80, Taiwan's Taiex added 1.09% to 8,324.58, South Korea's Kospi gained 1.77% to 1,957.97, Singapore's Straits Times Index added 0.85% to 2,971.00 and Hong Kong's Hang Seng Index edged up 0.10% to 22,700.88.
On Bursa Malaysia, major gainers included CIMB that rose 12 sen to RM8, Genting 15 sen to RM10.10, MISC 13 sen to RM7.55, Maybank four sen to RM8.70, Telekom seven sen to 3.89, Axiata two sen to RM4.75, Petronas Dagangan 26 sen to RM14.58 and DiGi 18 sen to RM27.40.
Other gainers included HPI, Lebar Daun, IJM Land, Carlsberg and GAB.
Meanwhile, Ta Ann rose 11 sen to RM4.98, Jaya Tiasa 10 sen to RM5.10 and WTK 17 sen to RM1.54 on expectations of a rise in demand for timber products following the destruction in Japan.
ManagePay Systems was the most actively traded counter with 41.6 million shares done. The stock shed one sen to 21 sen. Other actives included SAAG, IRCB, Axiata, HWGB, Karambunai and Tanco.
Decliners included Far East Corp, TexCycle, MTD Capital, Texchem, Nestle, Aeon and HELP.
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