KUALA LUMPUR: The FBM KLCI pared down some of its gains at the mid-day break on Wednesday, March 16 as the advance at key regional markets was limited, after Japan's Nikkei 225 gave up nearly half its gains.
Japan's Nikkei average surged over 6% at one point, clawing back about a third of its losses since a massive earthquake and tsunami hit the country on Friday, but then slipped back below the psychologically important 9,000 point level, according to Reuters.
Also, news of another fire at the earthquake-damaged Fukushima Daiichi nuclear plant north of Tokyo and fears of more radiation leaks kept investors on edge, it said.
Asian markets remained extremely volatile as investors and the global business communities keep their eyes on the development at Japan's nuclear plant, which has seen several fires and explosions since the country was hit by the earthquake and tsunami last Friday.
The FBM KLCI rose 1.94 points to 1,486.08 at the mid-day break, lifted by gains including at Telekom Malaysia, Petronas Dagangan, DiGi, MISC and Genting.
Gainers led losers by 307 to 247, while 264 counters traded unchanged. Volume was 462.18 million shares valued at RM607.46 million.
The ringgit strengthened 0.12% to 3.0578 versus the US dollar; crude palm oil futures for the third month delivery fell RM88 per tonne to RM3,291, crude oil slipped 49 cents per barrel to US$96.69 while gold added US$2.63 per troy ounce to US$1,398.32.
At the regional markets, Japan's Nikkei 225 gave up some of its gains and was up 3.38% to 8,896.04, South Korea's Kospi rose 1.07% to 1,944.43, Taiwan's Taiex added 0.93% to 8,311.04, the Shanghai Composite Index was up 0.39% to 2,907.59, and Singapore's Straits Times Index edged up 0.25% to 2,953.39.
The Hong Kong Hang Seng Index, however, slipped into the red and was down 0.44% to 22,579.16.
Among the gainers on Bursa Malaysia, Telekom and MISC rose eight sen each to RM3.90 and RM7.50, DiGi and Petronas Dagangan 18 sen each to RM27.40 and RM14.50, Genting five sen to RM10 and CIMB three sen to RM7.91.
Cepco added 38 sen to RM2.25, Lebar Daun 25 sen to RM1, GAB 18 sen to RM9.75, HPI 13 sen to RM2.93, Shell 12 sen to RM10.80 while Puncak Niaga and Faber added nine sen each to RM2.35 and RM1.93.
ManagePay Systems was the most actively trade counter with 37.4 million shares done. The stock fell two sen to 20 sen.
Other actives included SAAG, IRCB, Jotech, Karambunai and Axiata.
Tex Cycle was the top loser and fell 14.5 sen to 25.5 sen. HELP lost 13 sen to RM2.63, Asdion 12.5 sen to 22.5 sen, Aeon 11 sen to RM5.79, Nestle 10 sen to RM45.10, Litrak eight sen to RM3.42 and MTD Capital six sen to RM10.92.
Japan's Nikkei average surged over 6% at one point, clawing back about a third of its losses since a massive earthquake and tsunami hit the country on Friday, but then slipped back below the psychologically important 9,000 point level, according to Reuters.
Also, news of another fire at the earthquake-damaged Fukushima Daiichi nuclear plant north of Tokyo and fears of more radiation leaks kept investors on edge, it said.
Asian markets remained extremely volatile as investors and the global business communities keep their eyes on the development at Japan's nuclear plant, which has seen several fires and explosions since the country was hit by the earthquake and tsunami last Friday.
The FBM KLCI rose 1.94 points to 1,486.08 at the mid-day break, lifted by gains including at Telekom Malaysia, Petronas Dagangan, DiGi, MISC and Genting.
Gainers led losers by 307 to 247, while 264 counters traded unchanged. Volume was 462.18 million shares valued at RM607.46 million.
The ringgit strengthened 0.12% to 3.0578 versus the US dollar; crude palm oil futures for the third month delivery fell RM88 per tonne to RM3,291, crude oil slipped 49 cents per barrel to US$96.69 while gold added US$2.63 per troy ounce to US$1,398.32.
At the regional markets, Japan's Nikkei 225 gave up some of its gains and was up 3.38% to 8,896.04, South Korea's Kospi rose 1.07% to 1,944.43, Taiwan's Taiex added 0.93% to 8,311.04, the Shanghai Composite Index was up 0.39% to 2,907.59, and Singapore's Straits Times Index edged up 0.25% to 2,953.39.
The Hong Kong Hang Seng Index, however, slipped into the red and was down 0.44% to 22,579.16.
Among the gainers on Bursa Malaysia, Telekom and MISC rose eight sen each to RM3.90 and RM7.50, DiGi and Petronas Dagangan 18 sen each to RM27.40 and RM14.50, Genting five sen to RM10 and CIMB three sen to RM7.91.
Cepco added 38 sen to RM2.25, Lebar Daun 25 sen to RM1, GAB 18 sen to RM9.75, HPI 13 sen to RM2.93, Shell 12 sen to RM10.80 while Puncak Niaga and Faber added nine sen each to RM2.35 and RM1.93.
ManagePay Systems was the most actively trade counter with 37.4 million shares done. The stock fell two sen to 20 sen.
Other actives included SAAG, IRCB, Jotech, Karambunai and Axiata.
Tex Cycle was the top loser and fell 14.5 sen to 25.5 sen. HELP lost 13 sen to RM2.63, Asdion 12.5 sen to 22.5 sen, Aeon 11 sen to RM5.79, Nestle 10 sen to RM45.10, Litrak eight sen to RM3.42 and MTD Capital six sen to RM10.92.
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