KUALA LUMPUR:'' The FBM KLCI remained in positive territory at the mid-day break on Monday, April 4 but pared down some of its earlier gains in line with the cautious sentiment at most key regional markets.
The 30-stock index was up 1.47 points to 1,556.85 at 12.30pm, lifted by gains including at DiGi, YTL Corp and Petronas Chemicals.
The index had earlier risen to its intra-morning high of 1,565.04.
Gainers led losers by 443 to 299, while 263 counters traded unchanged. Volume was 985.89 million shares valued at RM1.12 billion.
The ringgit weakened 0.01% to 3.0259 versus the US dollar; crude palm oil futures for the third month delivery rose RM24 per tonne to RM3,357, crude oil added 38 cents to US$108.32 and gold was up US$1.90 per troy ounce to US$1,430.70.
At the regional markets, Hong Kong's Hang Seng Index was up 1.09% to 24,061.27, Japan's Nikkei 225 rose 0.53% to 9,759.96, Singapore's Straits Times Index up 0.60% to 3,139.11 while South Korea's Kospi slipped 0.64% to 2,107.53.
The Shanghai Composite Index will remain closed on April 4 and 5 to observe the Tomb Sweeping Day, and would re-open on Wednesday, April 6. ''Taiwan's Taiex was also closed today.
Asian shares rose to their highest in nearly 3 years on Monday after strong US jobs growth spurred optimism about the global economy, and the euro hit an 11-month peak against the yen amid expectations of a euro zone rate hike later this week, according to Reuters.
Data showing US employment grew solidly for a second month in March boosted Wall Street on Friday.
Investors interpreted it as a sign of a strengthening economic recovery, although most analysts did not expect it to prompt the Federal Reserve to change its ultra-loose monetary policy for the time being, said Reuters.
On Bursa Malaysia, Nestle was the top gainer this morning and was up 40 sen to RM47.80; GAB, Ta Ann and DiGi added 16 sen each to RM9.81, RM6.85 and RM28.80 respectively, Warisan 15 sen to RM2.60, Esso and YTL Corp up 14 sen each to RM4.18 and RM7.64, Kencana 13 sen to RM2.85 and Petronas Chemicals 12 sen to RM7.49.
Meanwhile, Coastal Contracts added 14 sen to RM3.22 after the Edge Weekly reported that Coastal was eyeing a strategic shareholder to diversify into the fabrication business.
OSK Research maintained its Buy call on Coastal with a fair value of RM4.85, and said the news was not only within its expectation, but in fact it had envisaged something even bigger for the company.
'We believe Coastal could be a potential merger and acquisition target since its share price valuation is appealing and it owns a strategic asset in its 100-acre yard which sits tight in a strategic area, and which is currently being coveted by many O&G operators for conversion to facilitate fabrication or repair and maintenance jobs,' it said on April 4.
DBE Gurney was the most actively traded counter this morning with 39.1 million shares done. The stock was unchanged at 13 sen.
Other actives included HWGB, Kurnia Asia, ECM Libra, Perisai, MAA, Daya Materials, Kencana and Olympia.
Decliners this morning included Inno Bio, APM Automotive, LPI Capital, Notion Vtec and Rapid.
The 30-stock index was up 1.47 points to 1,556.85 at 12.30pm, lifted by gains including at DiGi, YTL Corp and Petronas Chemicals.
The index had earlier risen to its intra-morning high of 1,565.04.
Gainers led losers by 443 to 299, while 263 counters traded unchanged. Volume was 985.89 million shares valued at RM1.12 billion.
The ringgit weakened 0.01% to 3.0259 versus the US dollar; crude palm oil futures for the third month delivery rose RM24 per tonne to RM3,357, crude oil added 38 cents to US$108.32 and gold was up US$1.90 per troy ounce to US$1,430.70.
At the regional markets, Hong Kong's Hang Seng Index was up 1.09% to 24,061.27, Japan's Nikkei 225 rose 0.53% to 9,759.96, Singapore's Straits Times Index up 0.60% to 3,139.11 while South Korea's Kospi slipped 0.64% to 2,107.53.
The Shanghai Composite Index will remain closed on April 4 and 5 to observe the Tomb Sweeping Day, and would re-open on Wednesday, April 6. ''Taiwan's Taiex was also closed today.
Asian shares rose to their highest in nearly 3 years on Monday after strong US jobs growth spurred optimism about the global economy, and the euro hit an 11-month peak against the yen amid expectations of a euro zone rate hike later this week, according to Reuters.
Data showing US employment grew solidly for a second month in March boosted Wall Street on Friday.
Investors interpreted it as a sign of a strengthening economic recovery, although most analysts did not expect it to prompt the Federal Reserve to change its ultra-loose monetary policy for the time being, said Reuters.
On Bursa Malaysia, Nestle was the top gainer this morning and was up 40 sen to RM47.80; GAB, Ta Ann and DiGi added 16 sen each to RM9.81, RM6.85 and RM28.80 respectively, Warisan 15 sen to RM2.60, Esso and YTL Corp up 14 sen each to RM4.18 and RM7.64, Kencana 13 sen to RM2.85 and Petronas Chemicals 12 sen to RM7.49.
Meanwhile, Coastal Contracts added 14 sen to RM3.22 after the Edge Weekly reported that Coastal was eyeing a strategic shareholder to diversify into the fabrication business.
OSK Research maintained its Buy call on Coastal with a fair value of RM4.85, and said the news was not only within its expectation, but in fact it had envisaged something even bigger for the company.
'We believe Coastal could be a potential merger and acquisition target since its share price valuation is appealing and it owns a strategic asset in its 100-acre yard which sits tight in a strategic area, and which is currently being coveted by many O&G operators for conversion to facilitate fabrication or repair and maintenance jobs,' it said on April 4.
DBE Gurney was the most actively traded counter this morning with 39.1 million shares done. The stock was unchanged at 13 sen.
Other actives included HWGB, Kurnia Asia, ECM Libra, Perisai, MAA, Daya Materials, Kencana and Olympia.
Decliners this morning included Inno Bio, APM Automotive, LPI Capital, Notion Vtec and Rapid.
No comments:
Post a Comment