KUALA LUMPUR: The FBM KLCI stayed in positive territory at the mid-day break on Tuesday, March 29 but gains were limited as investors' sentiment remained cautious, with external factors still weighing.
Japan's Nikkei 225 pared down its losses from earlier today, while its neighbouring markets edged up slightly.
The Nikkei share average was flat on Tuesday as futures buying offset growing worries about Japan's crippled nuclear plant and the impact of the earthquake and tsunami on corporate earnings, but analysts said such buying may not be strong enough to improve sentiment in the longer term, according to Reuters.
Meanwhile, Brent crude fell for a third day running on Tuesday as Libyan rebels gained ground against embattled leader Muammar Gaddafi, boosting expectations supplies from the nation may be restored quicker than expected, it said.
The FBM KLCI rose 0.11% or 1.68 points to 1,515.93, lifted by gains including at Petronas Chemicals, Sime Darby, Axiata and Gamuda.
Gainers led losers by 340 to 285, while 280 counters traded unchanged. Volume was 867.28 million shares valued at RM926.32 million.
The ringgit weakened 0.07% to 3.0285 versus the US dollar; crude palm oil for the third month delivery fell RM43 per tonne to RM3,239, crude oil fell 57 cents per barrel to US$103.41 while gold lost US$1.40 per troy ounce to US$1,419.
At the regional markets, the Nikkei 225 was down 0.56% to 9,425.43 and the Singapore Straits Times Index shed 0.02% to 3,056.69.
The Shanghai Composite Index rose 0.24% to 2,991.18, South Korea's Kospi gained 0.29% to 2,062.36, Taiwan's Taiex added 0.20% to 8,570.00 and Hong Kong's Hang Seng Index edged up 0.10% to 23,091.41.
On Bursa Malaysia, timber-related stocks continued their rally on expectations of higher demand for wood products and raw material for re-CONSTRUCTION [] work in earthquake-hit Japan.
Ta Ann jumped 54 sen to RM7.03, Subur Tiasa 46 sen to RM3.90, Jaya Tiasa 30 sen to RM6.46, WTK 18 sen to RM2.02, Eksons and Lingui 14 sen each to RM1.42 and RM1.91, while Leweko added 2.5 sen to 23.5 sen.
Meanwhile, Petronas Chemicals was up 17 sen to RM7.12, Sime Darby five sen to RM9.15, Gamuda three sen to RM3.83 and Axiata added two sen to RM4.74.
Perisai was the most actively traded counter with 44.7 million shares. The stock rose five sen to 82 sen.
Other actives included Leweko, JCY International, Seal, Digistar, Mieco and Petronas Chemicals.
Decliners this morning included JobStreet, Genting PLANTATION []s, HLFG, Sarawak Plantations, Milux, PLB and QSR.
Japan's Nikkei 225 pared down its losses from earlier today, while its neighbouring markets edged up slightly.
The Nikkei share average was flat on Tuesday as futures buying offset growing worries about Japan's crippled nuclear plant and the impact of the earthquake and tsunami on corporate earnings, but analysts said such buying may not be strong enough to improve sentiment in the longer term, according to Reuters.
Meanwhile, Brent crude fell for a third day running on Tuesday as Libyan rebels gained ground against embattled leader Muammar Gaddafi, boosting expectations supplies from the nation may be restored quicker than expected, it said.
The FBM KLCI rose 0.11% or 1.68 points to 1,515.93, lifted by gains including at Petronas Chemicals, Sime Darby, Axiata and Gamuda.
Gainers led losers by 340 to 285, while 280 counters traded unchanged. Volume was 867.28 million shares valued at RM926.32 million.
The ringgit weakened 0.07% to 3.0285 versus the US dollar; crude palm oil for the third month delivery fell RM43 per tonne to RM3,239, crude oil fell 57 cents per barrel to US$103.41 while gold lost US$1.40 per troy ounce to US$1,419.
At the regional markets, the Nikkei 225 was down 0.56% to 9,425.43 and the Singapore Straits Times Index shed 0.02% to 3,056.69.
The Shanghai Composite Index rose 0.24% to 2,991.18, South Korea's Kospi gained 0.29% to 2,062.36, Taiwan's Taiex added 0.20% to 8,570.00 and Hong Kong's Hang Seng Index edged up 0.10% to 23,091.41.
On Bursa Malaysia, timber-related stocks continued their rally on expectations of higher demand for wood products and raw material for re-CONSTRUCTION [] work in earthquake-hit Japan.
Ta Ann jumped 54 sen to RM7.03, Subur Tiasa 46 sen to RM3.90, Jaya Tiasa 30 sen to RM6.46, WTK 18 sen to RM2.02, Eksons and Lingui 14 sen each to RM1.42 and RM1.91, while Leweko added 2.5 sen to 23.5 sen.
Meanwhile, Petronas Chemicals was up 17 sen to RM7.12, Sime Darby five sen to RM9.15, Gamuda three sen to RM3.83 and Axiata added two sen to RM4.74.
Perisai was the most actively traded counter with 44.7 million shares. The stock rose five sen to 82 sen.
Other actives included Leweko, JCY International, Seal, Digistar, Mieco and Petronas Chemicals.
Decliners this morning included JobStreet, Genting PLANTATION []s, HLFG, Sarawak Plantations, Milux, PLB and QSR.
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