KUALA LUMPUR: The FBM KLCI extended its gains at mid-morning on Thursday, May 19 amidst cautious trade as regional markets pared down some of their gains as Japan's economy shrank 0.9% in January-March from the previous quarter.
The fall in Japan's GDP marked a second straight quarter of contraction as the March earthquake and tsunami and ensuing nuclear crisis weighed heavily capital spending and private consumption.
At 10am, the FBM KLCI was up 2.12 points to 1,543.39.
Gainers edged losers by 190 to 183 while 230 counters traded unchanged. Volume was 159.60 million shares valued at RM176.98 million.
At the regional markets, Japan's Nikkei fell 0.11% to 9,651.17, South Korea's Kospi lost 0.58% to 2,123.49 and the Shanghai Composite Index was flat at 2,872.63.
Meanwhile, Taiwan's Taiex rose 0.62% to 9,000.59, Singapore's Straits Times Index added 0.39% to 3,153.57 and Hong Kong's Hang Seng Index edged up 0.14% to 23,043.32.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note to clients on May 19 said that due to the firmer tone at Wall Street, there could be some bargain hunting activities on Bursa Malaysia today.
'We expect the FBM KLCI to move up first today, but some profit-taking activity might emerge later to curtail the market's initial rise,' he said.
Among the gainers at mid-morning, KLK was up 64 sen to RM22.14, Panasonic 28 sen to RM23.48, Metrod and Dutch Lady 22 sen each to RM3.82 and RM17.78, Tradewinds 19 sen to RM9.99, Allianz, Ta Ann and MAHB 15 sen each to RM5.25, RM6.50 and RM6.57 respectively, RHB Capital 14 sen to RM9.09 and Batu Kawan 12 sen to RM16.50.
Ingenius Solutions was the most actively traded counter with 14.7 million shares done. The stock fell half a sen to 20.5 sen.
Other actives included PJI, Ideal Jacobs, Focus, Gula Perak, HWGB and IRCB.
Among the decliners, DiGi fell 34 sen to RM28.52, Hong Leong Bank 16 sen to RM11.98, Cypark 13 sen to RM2.44, Amway and BAT eight sen each to RM9.70 and RM46.42, Utusan and Proton seven sen each to 83 sen and RM3.40, Esso six sen to RM4.90 while Harrisons lost five sen to RM3.89.
The fall in Japan's GDP marked a second straight quarter of contraction as the March earthquake and tsunami and ensuing nuclear crisis weighed heavily capital spending and private consumption.
At 10am, the FBM KLCI was up 2.12 points to 1,543.39.
Gainers edged losers by 190 to 183 while 230 counters traded unchanged. Volume was 159.60 million shares valued at RM176.98 million.
At the regional markets, Japan's Nikkei fell 0.11% to 9,651.17, South Korea's Kospi lost 0.58% to 2,123.49 and the Shanghai Composite Index was flat at 2,872.63.
Meanwhile, Taiwan's Taiex rose 0.62% to 9,000.59, Singapore's Straits Times Index added 0.39% to 3,153.57 and Hong Kong's Hang Seng Index edged up 0.14% to 23,043.32.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note to clients on May 19 said that due to the firmer tone at Wall Street, there could be some bargain hunting activities on Bursa Malaysia today.
'We expect the FBM KLCI to move up first today, but some profit-taking activity might emerge later to curtail the market's initial rise,' he said.
Among the gainers at mid-morning, KLK was up 64 sen to RM22.14, Panasonic 28 sen to RM23.48, Metrod and Dutch Lady 22 sen each to RM3.82 and RM17.78, Tradewinds 19 sen to RM9.99, Allianz, Ta Ann and MAHB 15 sen each to RM5.25, RM6.50 and RM6.57 respectively, RHB Capital 14 sen to RM9.09 and Batu Kawan 12 sen to RM16.50.
Ingenius Solutions was the most actively traded counter with 14.7 million shares done. The stock fell half a sen to 20.5 sen.
Other actives included PJI, Ideal Jacobs, Focus, Gula Perak, HWGB and IRCB.
Among the decliners, DiGi fell 34 sen to RM28.52, Hong Leong Bank 16 sen to RM11.98, Cypark 13 sen to RM2.44, Amway and BAT eight sen each to RM9.70 and RM46.42, Utusan and Proton seven sen each to 83 sen and RM3.40, Esso six sen to RM4.90 while Harrisons lost five sen to RM3.89.
No comments:
Post a Comment