KUALA LUMPUR: Asian markets mostly rose at mid-day on Friday, April 7 in line with Japan's Nikkei 225 that reversed its early losses, as a strong aftershock last night following the March 11 earthquake and tsunami did not further damage the nuclear plant at Fukushima.
However, oil climbed to its highest level in 2-1/2 years on Friday as supply cuts stemming from attacks on Libyan oil fields offset demand concerns spurred by a major aftershock in Japan, according to Reuters.
Brent crude surged to an intraday high of US$123.50 a barrel, the highest since August 2008. The front-month May contract traded up 74 cents at $123.41 by 0441 GMT, it said.
At the local market, the FBM KLCI bucked the trend at the regional markets and shed 0.24 point to 1,561.69, weighed by losses including at Tenaga, CIMB, IOI Corp and Maxis.
Losers edged gainers by 352 to 332, while 320 counters traded unchanged. Volume was 815.32 million shares valued at RM932.68 million.
The ringgit strengthened 0.13% to 3.0230 versus the US dollar; crude palm oil futures for the third month delivery rose RM22 per tonne to RM3,353, crude oil added 80 cents per barrel to US$111.10 and gold jumped US$8.07 per troy ounce to US$1,466.15.
At the regional markets, Japan's Nikkei 225 jumped 1.58% to 9,742.54, South Korea's Kospi Index added 0.64% to 2,135.72, Hong Kong's Hang Seng Index gained 0.57% to 24,421.19, the Shanghai Composite Index was up 0.31% to 3,107.29 while the Singapore Straits Times Index and Taiwan Taiex rose 0.08% each to 3,174.05 and 8,909.15 respectively.
Among the decliners at the mid-day break, Tenaga fell six sen to RM6.13, CIMB and Maxis four sen each to RM8.28 and RM5.36, IOI Corp five sen to RM5.67 and Gamuda three sen to RM3.89.
Nestle fell 30 sen to RM48.20, Fima Corp 15 sen to RM6.08, Aeon 11 sen to RM5.80, Jaya Tiasa eight sen to RM6.47 while Goldis and AirAsia fell seven sen each to RM1.79 and RM2.58.
MAA was the most actively traded counter with 51 million shares done. The stock added 13 sen to RM1.51.
Other actives included Ramunia, Tatt Giap, Daya Materials, Timecom, JCY International, Iris Corp, Kurnia Asia and ManagePay Systems.
Gainers this morning included Panasonic, Hong Leong Bank, BHIC, Shell, Carlsberg and Boustead.
However, oil climbed to its highest level in 2-1/2 years on Friday as supply cuts stemming from attacks on Libyan oil fields offset demand concerns spurred by a major aftershock in Japan, according to Reuters.
Brent crude surged to an intraday high of US$123.50 a barrel, the highest since August 2008. The front-month May contract traded up 74 cents at $123.41 by 0441 GMT, it said.
At the local market, the FBM KLCI bucked the trend at the regional markets and shed 0.24 point to 1,561.69, weighed by losses including at Tenaga, CIMB, IOI Corp and Maxis.
Losers edged gainers by 352 to 332, while 320 counters traded unchanged. Volume was 815.32 million shares valued at RM932.68 million.
The ringgit strengthened 0.13% to 3.0230 versus the US dollar; crude palm oil futures for the third month delivery rose RM22 per tonne to RM3,353, crude oil added 80 cents per barrel to US$111.10 and gold jumped US$8.07 per troy ounce to US$1,466.15.
At the regional markets, Japan's Nikkei 225 jumped 1.58% to 9,742.54, South Korea's Kospi Index added 0.64% to 2,135.72, Hong Kong's Hang Seng Index gained 0.57% to 24,421.19, the Shanghai Composite Index was up 0.31% to 3,107.29 while the Singapore Straits Times Index and Taiwan Taiex rose 0.08% each to 3,174.05 and 8,909.15 respectively.
Among the decliners at the mid-day break, Tenaga fell six sen to RM6.13, CIMB and Maxis four sen each to RM8.28 and RM5.36, IOI Corp five sen to RM5.67 and Gamuda three sen to RM3.89.
Nestle fell 30 sen to RM48.20, Fima Corp 15 sen to RM6.08, Aeon 11 sen to RM5.80, Jaya Tiasa eight sen to RM6.47 while Goldis and AirAsia fell seven sen each to RM1.79 and RM2.58.
MAA was the most actively traded counter with 51 million shares done. The stock added 13 sen to RM1.51.
Other actives included Ramunia, Tatt Giap, Daya Materials, Timecom, JCY International, Iris Corp, Kurnia Asia and ManagePay Systems.
Gainers this morning included Panasonic, Hong Leong Bank, BHIC, Shell, Carlsberg and Boustead.
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