KUALA LUMPUR: The FBM KLCI gave up some of its gains at mid-morning on Monday, May in line with the limited advanced at key regional markets.
The benchmark index had earlier opened on a firm note following strong job US job reports, but gains were capped as Japan's Nikkei 225 slipped into the on calls for the closure of the country's nuclear plant.
The FBM KLCI was up 1.11 points to 1,516.61 at 10am, lifted by gains including at Genting, Hong Leong Bank and EON Capital.
Gainers edged losers by 200 to 177, while 183 counters traded unchanged. Volume was 131.37 million shares valued at RM121.52 million.
Shares in Asia's developed stock markets inched higher on Monday as investors scooped up bargains, helped by a strong US jobs report, though sharp gains may be limited before a deluge of Chinese economic data this week, according to Reuters.
A commodity market-driven selloff last week saw global equities and high-yielding currencies weaken sharply as investors unwound risky positions and fled to safe havens such as U.S. Treasuries and the dollar, it said.
At the regional markets, Singapore's Straits Times Index rose 1.05% to 3,132.17 on the first trading day after the ruling PAP government retained its mandate following the Republic's general elections last Saturday.
Hong Kong's Hang Seng Index was up 0.72% to 23,324.84, the Shanghai Composite Index rose 0.55% to 2,879.78, Taiwan's Taiex added 0.87% to 9,055.30 and South Korea's Kospi edged up 0.06% to 2,148.82.
Meanwhile, Japan's Nikkei 225 slipped 0.21% to 9,838.24, weighed by losses in Chubu Electric after Japan's Prime Minister Naoto Kan called for the closure of its nuclear plant due worries that a large earthquake could trigger another nuclear crisis.
On Bursa Malaysia, the top gainer at mid-morning was F&N that added 80 sen to RM19.50; Nestle rose 30 sen to RM48.50, Hong Leong Bank, Panasonic and Genting gained 10 sen each to RM10.54, RM23 and RM11.22 respectively, EON Capital nine sen to RM7.49 while Hevea added eight sen to RM1.08.
Smartag was the most actively traded counter with 12.41 million shares done. The stock added half a sen to 35 sen.
Other actives included Omedia, Hubline, Boilermech, Fitters warrants, Talam and DBE Gurney.
Decliners at mid-morning included QSR that fell eight sen to RM5.55, MBSB seven sen to RM1.46, MUH, IJM Land and Hap Seng lost six sen each to 47 sen, RM2.75 and RM5.84 respectively, while PacificMas and Tenaga fell five sen each to RM3.75 and RM6.07.
The benchmark index had earlier opened on a firm note following strong job US job reports, but gains were capped as Japan's Nikkei 225 slipped into the on calls for the closure of the country's nuclear plant.
The FBM KLCI was up 1.11 points to 1,516.61 at 10am, lifted by gains including at Genting, Hong Leong Bank and EON Capital.
Gainers edged losers by 200 to 177, while 183 counters traded unchanged. Volume was 131.37 million shares valued at RM121.52 million.
Shares in Asia's developed stock markets inched higher on Monday as investors scooped up bargains, helped by a strong US jobs report, though sharp gains may be limited before a deluge of Chinese economic data this week, according to Reuters.
A commodity market-driven selloff last week saw global equities and high-yielding currencies weaken sharply as investors unwound risky positions and fled to safe havens such as U.S. Treasuries and the dollar, it said.
At the regional markets, Singapore's Straits Times Index rose 1.05% to 3,132.17 on the first trading day after the ruling PAP government retained its mandate following the Republic's general elections last Saturday.
Hong Kong's Hang Seng Index was up 0.72% to 23,324.84, the Shanghai Composite Index rose 0.55% to 2,879.78, Taiwan's Taiex added 0.87% to 9,055.30 and South Korea's Kospi edged up 0.06% to 2,148.82.
Meanwhile, Japan's Nikkei 225 slipped 0.21% to 9,838.24, weighed by losses in Chubu Electric after Japan's Prime Minister Naoto Kan called for the closure of its nuclear plant due worries that a large earthquake could trigger another nuclear crisis.
On Bursa Malaysia, the top gainer at mid-morning was F&N that added 80 sen to RM19.50; Nestle rose 30 sen to RM48.50, Hong Leong Bank, Panasonic and Genting gained 10 sen each to RM10.54, RM23 and RM11.22 respectively, EON Capital nine sen to RM7.49 while Hevea added eight sen to RM1.08.
Smartag was the most actively traded counter with 12.41 million shares done. The stock added half a sen to 35 sen.
Other actives included Omedia, Hubline, Boilermech, Fitters warrants, Talam and DBE Gurney.
Decliners at mid-morning included QSR that fell eight sen to RM5.55, MBSB seven sen to RM1.46, MUH, IJM Land and Hap Seng lost six sen each to 47 sen, RM2.75 and RM5.84 respectively, while PacificMas and Tenaga fell five sen each to RM3.75 and RM6.07.
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