KUALA LUMPUR: The FBM KLCI rebounded firmly on Friday, May 13 and was up at mid-morning, lifted by gains at banking stocks and key blue chips.
The 30-stock index rose 6.09 points to 1,538.38 at 10am.
Gainers led losers by 221 to 142, while 209 counters traded unchanged. Volume was 193.58 million shares valued at RM185.19 million.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note to clients May 13 said that due to rebound tone on Wall Street yesterday, the FBM KLCI could be in a steady price action mode today.
'We expect the FBM KLCI to move up first, but pre-weekend profit-taking activity might emerge later to curtail the market's rise.
'Week-on-week, the index is likely to close positively,' he said.
Among the gainers, Hong Leong Bank was up 38 sen to RM12.44, HLFG 26 sen to RM11.84, Maybank 13 sen to RM8.87 and CIMB 10 sen to RM8.30.
Genting added 22 sen to RM11.42, PacificMas 13 sen to RM4.26, TRC Synergy 12 sen to RM1.74, Sarawak Oil Palms 11 sen to RM3.59 and Petronas Dagangan 10 sen to RM15.60.
Gula Perak was the most actively traded counter with 11.5 million shares done. The stock fell half a sen to 1 sen.
Other actives included Etitech, Karambunai, Tricubes, Perisai, CME and Digistar.
Decliners at mid-morning included Nestle, BAT, Malayan Flour, Genting PLANTATION []s, DiGi, Hap Seng, Sindora, Far East, Batu Kawan and Ajinomoto.
At the regional markets, the Shanghai Composite Index added 0.30% to 2,852.71 and Singapore's Straits Times Index gained 0.40% to 3,142.87.
Japan's Nikkei 225 fell 0.24% to 9,693.26, Hong Kong's Hang Seng Index lost 0.32% to 23,000.53, South Korea's Kospi was down 0.63% to 2,109.18 and Taiwan's Taiex shed 0.03% to 9,030.69.
The 30-stock index rose 6.09 points to 1,538.38 at 10am.
Gainers led losers by 221 to 142, while 209 counters traded unchanged. Volume was 193.58 million shares valued at RM185.19 million.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note to clients May 13 said that due to rebound tone on Wall Street yesterday, the FBM KLCI could be in a steady price action mode today.
'We expect the FBM KLCI to move up first, but pre-weekend profit-taking activity might emerge later to curtail the market's rise.
'Week-on-week, the index is likely to close positively,' he said.
Among the gainers, Hong Leong Bank was up 38 sen to RM12.44, HLFG 26 sen to RM11.84, Maybank 13 sen to RM8.87 and CIMB 10 sen to RM8.30.
Genting added 22 sen to RM11.42, PacificMas 13 sen to RM4.26, TRC Synergy 12 sen to RM1.74, Sarawak Oil Palms 11 sen to RM3.59 and Petronas Dagangan 10 sen to RM15.60.
Gula Perak was the most actively traded counter with 11.5 million shares done. The stock fell half a sen to 1 sen.
Other actives included Etitech, Karambunai, Tricubes, Perisai, CME and Digistar.
Decliners at mid-morning included Nestle, BAT, Malayan Flour, Genting PLANTATION []s, DiGi, Hap Seng, Sindora, Far East, Batu Kawan and Ajinomoto.
At the regional markets, the Shanghai Composite Index added 0.30% to 2,852.71 and Singapore's Straits Times Index gained 0.40% to 3,142.87.
Japan's Nikkei 225 fell 0.24% to 9,693.26, Hong Kong's Hang Seng Index lost 0.32% to 23,000.53, South Korea's Kospi was down 0.63% to 2,109.18 and Taiwan's Taiex shed 0.03% to 9,030.69.
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