KUALA LUMPUR: Index-linked banking and PLANTATION [] stocks lifted the FBM KLCI on Wednesday, May 11 with the index staying firmly above the crucial 1,530-point level at the mid-day break.
The market also received an added boost when the Department of Statistics released data that the March industrial production rose 2.4% year-on-year and 12.1% month-on-month.
The FBM KLCI rose 13.68 points to 1,537.05.
Gainers beat losers by 461 to 184, while 288 counters traded unchanged. Volume was 514.13 million shares valued at RM678.96 million.
The ringgit strengthened 0.29% to 2,9810 versus the US dollar; crude palm oil futures for the third month delivery rose RM15 per tonne to RM3,243, crude oil added 17 cents per barrel to US$104.05 while gold jumped US$6.90 per troy ounce to US$1,523.18.
Asian shares firmed on Wednesday on rising commodity prices which boosted energy and resource stocks, as investors largely shrugged off slightly stronger-than-expected inflation data from China, according to Reuters.
Japan's Nikkei 225 rose 0.43% to 9,861.03, Hong Kong's Hang Seng Index added 0.30% to 23,405.21, South Korea's Kospi was up 0.79% to 2,156.13, Singapore's Straits Times Index rose 0.42% to 3,169.51, the Shanghai Composite edged up 0.13% to 2,894.33 while Taiwan's Taiex added 0.11% to 9,033.57.
On Bursa Malaysia, among banking stocks, HLFG rose 54 sen to RM11.68, Hong Leong Bank 46 sen to RM11.96, Maybank six sen to RM8.76 and CIMB four sen to RM8.23.
Among the plantation-related counters, Sime Darby jumped 35 sen to RM9.19, Batu Kawan 34 sen to RM16.32, Genting Plantations 20 sen to RM8.21, PPB six sen to RM16.66 and KLK two sen to RM21.02.
Other gainers included Panasonic that added 70 sen to RM23.50, Harrisons 21 sen to RM4, Amway 18 sen to RM9.66, Mudajaya 17 sen to RM4.73, Shell 16 sen to RM11, Petronas Chemicals 14 sen to RM7.02, MMC Corp 10 sen to RM2.90 and YTL Corp four sen to RM1.60.
DBE Gurney was the most actively traded counter with 33.6 million shares done. The stock shed half a sen to 7 sen.
Other actives included Karambunai, Digistar, Mclean, Ramunia, Petronas Chemicals and Dialog.
Decliners this morning included F&N, Widetech, NPC, Quality Concrete, Multico, Turiya, JT International and Allianz.
The market also received an added boost when the Department of Statistics released data that the March industrial production rose 2.4% year-on-year and 12.1% month-on-month.
The FBM KLCI rose 13.68 points to 1,537.05.
Gainers beat losers by 461 to 184, while 288 counters traded unchanged. Volume was 514.13 million shares valued at RM678.96 million.
The ringgit strengthened 0.29% to 2,9810 versus the US dollar; crude palm oil futures for the third month delivery rose RM15 per tonne to RM3,243, crude oil added 17 cents per barrel to US$104.05 while gold jumped US$6.90 per troy ounce to US$1,523.18.
Asian shares firmed on Wednesday on rising commodity prices which boosted energy and resource stocks, as investors largely shrugged off slightly stronger-than-expected inflation data from China, according to Reuters.
Japan's Nikkei 225 rose 0.43% to 9,861.03, Hong Kong's Hang Seng Index added 0.30% to 23,405.21, South Korea's Kospi was up 0.79% to 2,156.13, Singapore's Straits Times Index rose 0.42% to 3,169.51, the Shanghai Composite edged up 0.13% to 2,894.33 while Taiwan's Taiex added 0.11% to 9,033.57.
On Bursa Malaysia, among banking stocks, HLFG rose 54 sen to RM11.68, Hong Leong Bank 46 sen to RM11.96, Maybank six sen to RM8.76 and CIMB four sen to RM8.23.
Among the plantation-related counters, Sime Darby jumped 35 sen to RM9.19, Batu Kawan 34 sen to RM16.32, Genting Plantations 20 sen to RM8.21, PPB six sen to RM16.66 and KLK two sen to RM21.02.
Other gainers included Panasonic that added 70 sen to RM23.50, Harrisons 21 sen to RM4, Amway 18 sen to RM9.66, Mudajaya 17 sen to RM4.73, Shell 16 sen to RM11, Petronas Chemicals 14 sen to RM7.02, MMC Corp 10 sen to RM2.90 and YTL Corp four sen to RM1.60.
DBE Gurney was the most actively traded counter with 33.6 million shares done. The stock shed half a sen to 7 sen.
Other actives included Karambunai, Digistar, Mclean, Ramunia, Petronas Chemicals and Dialog.
Decliners this morning included F&N, Widetech, NPC, Quality Concrete, Multico, Turiya, JT International and Allianz.
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