KUALA LUMPUR: The FBM KLCI rebounded in early trade on Thursday, April 7 in line with the slightly firmer overnight close at Wall Street, but most key regional markets gave up some of their gains, weighed by geopolitical worries and Japan's nuclear crisis.
Japan's Nikkei average edged higher on Thursday, rising as much as 1.1% at one point, but the market ran out of steam due to the crisis at Tokyo Electric Power Co's Fukushima Daiichi nuclear plant and worries over lost output, according to Reuters.
The FBM KLCI rose 4.23 points to 1,557.12, lifted by gains including at DiGi, Hong Leong Bank, BAT and Petronas Dagangan.
Gainers led losers by 340 to 150, while 239 counters traded unchanged. Volume was 422.42 million shares valued at RM359.31 million.
At the regional markets, Japan's Nikkei 225 was up 0.57% to 9,639.43 and Taiwan's Taiex edged up 0.04% to 8,855.49.
Meanwhile, South Korea's Kospi fell 0.44% to 2,117.26, Singapore's Straits Times Index lost 0.25% to 3,162.35, Hong Kong's Hang Seng Index down 0.14% to 24,250.01 and the Shanghai Composite Index shed 0.08% to 2,998.92.
BIMB Securities Research in a note April 7 said Wall Street closed marginally higher yesterday driven by TECHNOLOGY [] stocks.
To begin with, Cisco System Inc. is taking steps to reform the company which likely include reducing its over reliance on the government contract, it said.
Elsewhere, crude oil surpassed the US$109 per barrel level on intra day trading while Euro rose in tandem with the expectation of interest rate upward revision, it said.
'In another development, China opted for the 4th quantitative tightening via raising the lending rate yesterday to 6.35%.
"Given all these development and depending on the movement of crude oil and Yen, we expect the local market to trade in tight range today with mild upside bias closing.
On Bursa Malaysia, Nestle was the top gainer at mid-morning and was up 90 sen to RM48.50; DiGi added 56 sen to RM29.36, Hong Leong bank 30 sen to RM10.40, Carlsberg 23 sen to RM7.82, Panasonic 20 sen to RM22.90, HLFG 13 sen to RM9.24, BHIC and BAT 12 sen each to RM4.32 and RM48.08, S P Setia 11 sen to RM6.51 and Petronas Dagangan added 10 sen to RM16.50.
Karambunai was the most actively traded stock with 22.4 million shares done. The counter added 1.5 sen to 23 sen.
Other actives included ManagePay Systems, JCY, MK Land. SAAG and Scomi.
Decliners included Tradewinds, MISC, Pintaras, Amway, Kimlun, MMHE, MPHB, Hwatai and Ekovest.
''
''
''
Japan's Nikkei average edged higher on Thursday, rising as much as 1.1% at one point, but the market ran out of steam due to the crisis at Tokyo Electric Power Co's Fukushima Daiichi nuclear plant and worries over lost output, according to Reuters.
The FBM KLCI rose 4.23 points to 1,557.12, lifted by gains including at DiGi, Hong Leong Bank, BAT and Petronas Dagangan.
Gainers led losers by 340 to 150, while 239 counters traded unchanged. Volume was 422.42 million shares valued at RM359.31 million.
At the regional markets, Japan's Nikkei 225 was up 0.57% to 9,639.43 and Taiwan's Taiex edged up 0.04% to 8,855.49.
Meanwhile, South Korea's Kospi fell 0.44% to 2,117.26, Singapore's Straits Times Index lost 0.25% to 3,162.35, Hong Kong's Hang Seng Index down 0.14% to 24,250.01 and the Shanghai Composite Index shed 0.08% to 2,998.92.
BIMB Securities Research in a note April 7 said Wall Street closed marginally higher yesterday driven by TECHNOLOGY [] stocks.
To begin with, Cisco System Inc. is taking steps to reform the company which likely include reducing its over reliance on the government contract, it said.
Elsewhere, crude oil surpassed the US$109 per barrel level on intra day trading while Euro rose in tandem with the expectation of interest rate upward revision, it said.
'In another development, China opted for the 4th quantitative tightening via raising the lending rate yesterday to 6.35%.
"Given all these development and depending on the movement of crude oil and Yen, we expect the local market to trade in tight range today with mild upside bias closing.
On Bursa Malaysia, Nestle was the top gainer at mid-morning and was up 90 sen to RM48.50; DiGi added 56 sen to RM29.36, Hong Leong bank 30 sen to RM10.40, Carlsberg 23 sen to RM7.82, Panasonic 20 sen to RM22.90, HLFG 13 sen to RM9.24, BHIC and BAT 12 sen each to RM4.32 and RM48.08, S P Setia 11 sen to RM6.51 and Petronas Dagangan added 10 sen to RM16.50.
Karambunai was the most actively traded stock with 22.4 million shares done. The counter added 1.5 sen to 23 sen.
Other actives included ManagePay Systems, JCY, MK Land. SAAG and Scomi.
Decliners included Tradewinds, MISC, Pintaras, Amway, Kimlun, MMHE, MPHB, Hwatai and Ekovest.
''
''
''
No comments:
Post a Comment