KUALA LUMPUR: The FBM KLCI was marginally higher at the mid-day break on Wednesday, April 13 in line with most key Asian markets after spending most of the morning session in the red.
At m12.30pm, the FBM KLCI was just up 0.76 point to 1,526.68 , lifted by Petronas Chemicals and AMMB. Gainers overtook losers by 428 to 225 while 271 counters traded unchanged. Volume was 579.31 million shares valued at RM692.22 million.
The ringgit weakened 0.02% to 3.0290 versus the US dollar; crude palm oil for the third month delivery fell RM63 per tonne to RM3,309, oil shed two cents per barrel to US$106.23 while gold rose US$4.08 to US$1,457.18.
There was some mild buying in selected key stocks on Bursa Malaysia which were sold down over the past two days but the sentiment would likely to be cautious.
However, after such a big shakeout in positioning overnight, traders and investors at Asian markets were reluctant to dive back into markets until a clear incentive to take more risk surfaces, according to Reuters.
Also, the cautious outlook is likely to remain as Japan cut the outlook for its economy on Wednesday for the first time in six months, saying last month's devastating quake and tsunami would hurt growth, with no sign yet when the nuclear crisis they triggered might be brought under control.
At the regional markets, Japan's Nikkei 225 rose 0.29% to 9,583.09, Hong Kong's Hang Seng Index added 0.21% to 24,026.88, Singapore's Straits Times Index gained 0.46% to 3,152.36, South Korea's Kospi edged up 0.10% to 2,091.50 and Taiwan's Taiex was flat at 8,732.69.
Meanwhile, the Shanghai Composite Index shed 0.24% to 3,014.51.
On Bursa Malaysia, Nestle was the top gainer this morning and was up 72 sen to RM48.52; BAT added 22 sen to RM47.66, Tradewinds, Ta Ann and Petronas Chemicals rose 15 sen each to RM7.80, RM6.16 and RM7.20 respectively, Mudajaya and AMMB added 12 sen each to RM4.78 and RM6.49, while Guan Chong rose 11 sen to RM2.45.
Among the decliners, Petronas Dagangan fell 12 sen to RM16.20, Hap Seng nine sen to RM5.91, Tan Chong and Sime Darby eight sen each to RM4.60 and RM8.09, while MAHB , Bina Goodyear, Goh Ban Huat and IJM Corp lost six sen each to RM6.10, 76 sen, RM1.14 and RM6.31 respectively.
The actives included Digistar, HWGB, Perisai, Zelan and MAA.
E&O was actively traded after the company received the Penang Government's in-principle approval for its master plan to undertake a mixed integrated project on a proposed reclaimed site on the island.
The stock jumped nine sen to RM1.26 with 9.52 million shares done.
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At m12.30pm, the FBM KLCI was just up 0.76 point to 1,526.68 , lifted by Petronas Chemicals and AMMB. Gainers overtook losers by 428 to 225 while 271 counters traded unchanged. Volume was 579.31 million shares valued at RM692.22 million.
The ringgit weakened 0.02% to 3.0290 versus the US dollar; crude palm oil for the third month delivery fell RM63 per tonne to RM3,309, oil shed two cents per barrel to US$106.23 while gold rose US$4.08 to US$1,457.18.
There was some mild buying in selected key stocks on Bursa Malaysia which were sold down over the past two days but the sentiment would likely to be cautious.
However, after such a big shakeout in positioning overnight, traders and investors at Asian markets were reluctant to dive back into markets until a clear incentive to take more risk surfaces, according to Reuters.
Also, the cautious outlook is likely to remain as Japan cut the outlook for its economy on Wednesday for the first time in six months, saying last month's devastating quake and tsunami would hurt growth, with no sign yet when the nuclear crisis they triggered might be brought under control.
At the regional markets, Japan's Nikkei 225 rose 0.29% to 9,583.09, Hong Kong's Hang Seng Index added 0.21% to 24,026.88, Singapore's Straits Times Index gained 0.46% to 3,152.36, South Korea's Kospi edged up 0.10% to 2,091.50 and Taiwan's Taiex was flat at 8,732.69.
Meanwhile, the Shanghai Composite Index shed 0.24% to 3,014.51.
On Bursa Malaysia, Nestle was the top gainer this morning and was up 72 sen to RM48.52; BAT added 22 sen to RM47.66, Tradewinds, Ta Ann and Petronas Chemicals rose 15 sen each to RM7.80, RM6.16 and RM7.20 respectively, Mudajaya and AMMB added 12 sen each to RM4.78 and RM6.49, while Guan Chong rose 11 sen to RM2.45.
Among the decliners, Petronas Dagangan fell 12 sen to RM16.20, Hap Seng nine sen to RM5.91, Tan Chong and Sime Darby eight sen each to RM4.60 and RM8.09, while MAHB , Bina Goodyear, Goh Ban Huat and IJM Corp lost six sen each to RM6.10, 76 sen, RM1.14 and RM6.31 respectively.
The actives included Digistar, HWGB, Perisai, Zelan and MAA.
E&O was actively traded after the company received the Penang Government's in-principle approval for its master plan to undertake a mixed integrated project on a proposed reclaimed site on the island.
The stock jumped nine sen to RM1.26 with 9.52 million shares done.
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