KUALA LUMPUR: ''The FBM KLCI extended its gains for the fourth day running, in line with the overall positive sentiment at key regional markets following the higher overnight close at Wall Street.
At mid-morning, the FBM KLCI was up 3.02 points to 1,532.93, lifted by gains including at BAT, DiGi, PPB, Petronas Gas and KLK.
Gainers led losers by 242 to 161, while 223 counters traded unchanged. Volume was 188.65 million shares valued at RM166.86 million.
Asian stocks rose after the U.S. central bank signalled it was in no rush to scale back support for the economy, keeping intact demand for riskier assets, according to Reuters.
The Bank of Japan is also expected to maintain its ultra loose monetary policy later in the day and indicate its readiness to ease further if damage from last month's earthquake proves bigger than expected, it said.
At the regional markets, Japan's Nikkei 225 was up 1.28% to 9,815.49, Hong Kong's Hang Seng Index added 0.80% to 24,082.89, South Korea's Kospi rose 0.64% to 2,220.76, Singapore's Straits Times Index up 0.36% to 3,194.06, Taiwan's Taiex gained 0.31% to 9,077.06 while the Shanghai Composite Index edged up 0.21% to 2,931.58.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi said that due to the DJIA's positive tone last night, the FBM KLCI could remain stronger today.
'There could be an initial gap-up move, followed by profit-taking later in the day.
'We expect further range trading for the FBM KLCI. As such, invest with a short-term time horizon,' he said.
On Bursa Malaysia, BAT was the top gainer at mid-morning and rose 46 sen to RM47.74; DiGi rose 24 sen to RM29.06, PPB 20 sen to RM16.88, F&N and Daibochi 10 sen each to RM17.40 and RM2.71, Wah Seong nine sen to RM2.24, while Petronas Gas and KLK were up eight sen each to RM11.28 and RM20.98 respectively.
Focus Lumber which made its debut on the Main Market today was the most actively traded counter with 17.33 million shares done. The stock added 37 sen to 97 sen.
Other actives included Hubline shares and warrants, PLUS, Ancom Logistics, Bright Packaging and AsiaBio.
Decliners included Dutch Lady, LPI Capital, United PLANTATION []s, Hong Leong Industries, BHIC, Unisem, Cepco, Coastal Contracts and Aeon.
At mid-morning, the FBM KLCI was up 3.02 points to 1,532.93, lifted by gains including at BAT, DiGi, PPB, Petronas Gas and KLK.
Gainers led losers by 242 to 161, while 223 counters traded unchanged. Volume was 188.65 million shares valued at RM166.86 million.
Asian stocks rose after the U.S. central bank signalled it was in no rush to scale back support for the economy, keeping intact demand for riskier assets, according to Reuters.
The Bank of Japan is also expected to maintain its ultra loose monetary policy later in the day and indicate its readiness to ease further if damage from last month's earthquake proves bigger than expected, it said.
At the regional markets, Japan's Nikkei 225 was up 1.28% to 9,815.49, Hong Kong's Hang Seng Index added 0.80% to 24,082.89, South Korea's Kospi rose 0.64% to 2,220.76, Singapore's Straits Times Index up 0.36% to 3,194.06, Taiwan's Taiex gained 0.31% to 9,077.06 while the Shanghai Composite Index edged up 0.21% to 2,931.58.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi said that due to the DJIA's positive tone last night, the FBM KLCI could remain stronger today.
'There could be an initial gap-up move, followed by profit-taking later in the day.
'We expect further range trading for the FBM KLCI. As such, invest with a short-term time horizon,' he said.
On Bursa Malaysia, BAT was the top gainer at mid-morning and rose 46 sen to RM47.74; DiGi rose 24 sen to RM29.06, PPB 20 sen to RM16.88, F&N and Daibochi 10 sen each to RM17.40 and RM2.71, Wah Seong nine sen to RM2.24, while Petronas Gas and KLK were up eight sen each to RM11.28 and RM20.98 respectively.
Focus Lumber which made its debut on the Main Market today was the most actively traded counter with 17.33 million shares done. The stock added 37 sen to 97 sen.
Other actives included Hubline shares and warrants, PLUS, Ancom Logistics, Bright Packaging and AsiaBio.
Decliners included Dutch Lady, LPI Capital, United PLANTATION []s, Hong Leong Industries, BHIC, Unisem, Cepco, Coastal Contracts and Aeon.
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