KUALA LUMPUR: Buying of index-linked stocks surged towards the end of the trading hour on Friday, March 18 after Sarawak Chief Minister Tan Sri Abdul Taib Mahmud said that he would make an announcement on the state election on Saturday.
"Wait one more day," Taib told reporters when asked to comment on speculation that the state ''legislative assembly would be dissolved on Monday for the election to be held next month, according to Bernama.
Bernama reported political observers viewed the planned announcement on Saturday ''made sense because Prime Minister Datuk Seri Najib Tun Razak, and his deputy, Tan Sri Muhyiddin Yassin, will be in Sarawak for the start of a meet-the-people tour of all states over several months.
The FBM KLCI rose 11.80 points to 1,503.89, lifted by gains at key blue chips including Tenaga, CIMB, MISC, Genting Malaysia and Petronas Chemicals.'' This was the first time the 30-stock index had closed above 1,500 since March 10.
Gainers led losers by 501 to 250, while 271 counters traded unchanged. Volume was 988.92 million shares valued at RM1.5 billion.
Japan's Nikkei 225 rose 2.72% to 9,206.75, Taiwan's Taiex 1.35% to 8,394.75, South Korea's Kospi added 1.13% to 1,981.13, Hong Kong's Hang Seng Index 0.07% to 22,300.23 and Shanghai Composite Index 0.33% to 2,906.89. However, Singapore's Straits Times Index fell 0.24% to 2,935.78.
At Bursa Malaysia, IOI added 21 sen to RM5.78, Tenaga 18 sen to RM6.20, CIMB nine sen to RM7.99, Genting Malaysia 10 sen to RM3.40, Petronas Chemicals and AMMB seven sen each to RM6.70 and RM6.37, while Public Bank added four sen to RM13.02.
BAT rose 52 sen to RM45.52, Panasonic 36 sen to RM20.06, Far East 35 sen to RM7.40, MISC 32 sen to RM7.84, Quality 30 sen to RM1.32, Pharmaniaga 27 sen to RM5.67, Tradewinds and Ta Ann 25 sen each to RM7.71 and RM5.73, while Allianz added 22 sen to RM4.97.
Karambunai was the most actively traded counter with 49.8 million shares done. The stock added one sen to 21 sen.
Other actives included Mieco, Axiata, WTK, Scomi and Perisai.
Newly-listed APFT rose five to close at 55 sen with 31.2 million shares traded.
EON Capital fell 16 sen to RM6.90; Litrak lost 15 sen to RM3.30, NPC 13 sen to RM2.01, Bintulu Port and GAB 11 sen to RM6.69 and RM9.50, while Lay Hong, GoldIS and Faber fell 10 sen each to RM1.50, RM1.49 and RM1.81 respectively.
"Wait one more day," Taib told reporters when asked to comment on speculation that the state ''legislative assembly would be dissolved on Monday for the election to be held next month, according to Bernama.
Bernama reported political observers viewed the planned announcement on Saturday ''made sense because Prime Minister Datuk Seri Najib Tun Razak, and his deputy, Tan Sri Muhyiddin Yassin, will be in Sarawak for the start of a meet-the-people tour of all states over several months.
The FBM KLCI rose 11.80 points to 1,503.89, lifted by gains at key blue chips including Tenaga, CIMB, MISC, Genting Malaysia and Petronas Chemicals.'' This was the first time the 30-stock index had closed above 1,500 since March 10.
Gainers led losers by 501 to 250, while 271 counters traded unchanged. Volume was 988.92 million shares valued at RM1.5 billion.
Japan's Nikkei 225 rose 2.72% to 9,206.75, Taiwan's Taiex 1.35% to 8,394.75, South Korea's Kospi added 1.13% to 1,981.13, Hong Kong's Hang Seng Index 0.07% to 22,300.23 and Shanghai Composite Index 0.33% to 2,906.89. However, Singapore's Straits Times Index fell 0.24% to 2,935.78.
At Bursa Malaysia, IOI added 21 sen to RM5.78, Tenaga 18 sen to RM6.20, CIMB nine sen to RM7.99, Genting Malaysia 10 sen to RM3.40, Petronas Chemicals and AMMB seven sen each to RM6.70 and RM6.37, while Public Bank added four sen to RM13.02.
BAT rose 52 sen to RM45.52, Panasonic 36 sen to RM20.06, Far East 35 sen to RM7.40, MISC 32 sen to RM7.84, Quality 30 sen to RM1.32, Pharmaniaga 27 sen to RM5.67, Tradewinds and Ta Ann 25 sen each to RM7.71 and RM5.73, while Allianz added 22 sen to RM4.97.
Karambunai was the most actively traded counter with 49.8 million shares done. The stock added one sen to 21 sen.
Other actives included Mieco, Axiata, WTK, Scomi and Perisai.
Newly-listed APFT rose five to close at 55 sen with 31.2 million shares traded.
EON Capital fell 16 sen to RM6.90; Litrak lost 15 sen to RM3.30, NPC 13 sen to RM2.01, Bintulu Port and GAB 11 sen to RM6.69 and RM9.50, while Lay Hong, GoldIS and Faber fell 10 sen each to RM1.50, RM1.49 and RM1.81 respectively.
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