KUALA LUMPUR: Key Asian markets rose in the morning session on Thursday, May 26, as investors decided to relook at riskier assets including equities, with Japan's Nikkei 225 taking the lead.
At midday, the FBM KLCI was up 8.99 points or 0.59% to 1,542.56, powered by gains in Tenaga and Genting. Turnover was 399.63 million shares valued at RM576.85 million. There were 345 gainers, 251 losers and 303 stocks unchanged.
Crude palm oil third-month futures rose RM16 to RM3,432 per tonne while US light crude oil added five cents to US$101.37 and Brent at US$114.93.
The ringgit was firmer against the US dollar at 3.0436 when compared to the previous close of 3.0640. The US dollar was quoted at 75.632 against a basket of currencies.
Among key regional markets, Japan's Nikkei 225 rose 1.38% to 9,552.49, South Korea's Kospi added 1.84% to 2,073.24 and Shanghai's Composite Index 0.53% higher at 2,756.26. Singapore's Straits Times Index fell 0.12% to 3,115.01.
At Bursa Malaysia, Tenaga regained its footing despite'' the Cabinet did not reach any decision on the electricity tariff hike and other issues relating to subsidy cuts on Wednesday.
Instead, these issued will be brought to the National Economic Council (NEC) meeting for a final decision. The next NEC meeting is scheduled this Friday.
Tenaga rose 18 sen to RM6.34 with 2.40 million shares done. This helped power the KLCIup by 2.3 points.OSK Research downgraded Tenaga to a Neutral even as its fair value of gives more than 10% upside.
Genting rose 14 sen to RM11.08, Petronas Dagangan 92 sen to RM16.58, , F&N 28 sen to RM19.64 and Panasonic Malaysia 18 sen to RM23.68.
Among PLANTATION []s, the firmer CPO prices and strong earnings in the January to March period saw KL Kepong adding 40 sen to RM21.90, United Plantations 30 sen to RM18.80, Batu Kawan 26 sen to RM16.48 and PPB 14 sen to RM17.54.
Among the most active stocks, Jotech rose 0.5 sen to 15 sen and its warrants 0.5 sen to eight sen while L&G added 0.5 sen also to 45.5 sen. Telekom Malaysia fell one sen to RM3.89.
Among the decliners were BLD Plantations, down 18 sen to RM5.35 as investors took profit, MSC 16 sen lower at RM5.43 while MFlour ended its winning streak which was sparked by its strong financial results and dividends, shed 15 sen to RM6.81.
At midday, the FBM KLCI was up 8.99 points or 0.59% to 1,542.56, powered by gains in Tenaga and Genting. Turnover was 399.63 million shares valued at RM576.85 million. There were 345 gainers, 251 losers and 303 stocks unchanged.
Crude palm oil third-month futures rose RM16 to RM3,432 per tonne while US light crude oil added five cents to US$101.37 and Brent at US$114.93.
The ringgit was firmer against the US dollar at 3.0436 when compared to the previous close of 3.0640. The US dollar was quoted at 75.632 against a basket of currencies.
Among key regional markets, Japan's Nikkei 225 rose 1.38% to 9,552.49, South Korea's Kospi added 1.84% to 2,073.24 and Shanghai's Composite Index 0.53% higher at 2,756.26. Singapore's Straits Times Index fell 0.12% to 3,115.01.
At Bursa Malaysia, Tenaga regained its footing despite'' the Cabinet did not reach any decision on the electricity tariff hike and other issues relating to subsidy cuts on Wednesday.
Instead, these issued will be brought to the National Economic Council (NEC) meeting for a final decision. The next NEC meeting is scheduled this Friday.
Tenaga rose 18 sen to RM6.34 with 2.40 million shares done. This helped power the KLCIup by 2.3 points.OSK Research downgraded Tenaga to a Neutral even as its fair value of gives more than 10% upside.
Genting rose 14 sen to RM11.08, Petronas Dagangan 92 sen to RM16.58, , F&N 28 sen to RM19.64 and Panasonic Malaysia 18 sen to RM23.68.
Among PLANTATION []s, the firmer CPO prices and strong earnings in the January to March period saw KL Kepong adding 40 sen to RM21.90, United Plantations 30 sen to RM18.80, Batu Kawan 26 sen to RM16.48 and PPB 14 sen to RM17.54.
Among the most active stocks, Jotech rose 0.5 sen to 15 sen and its warrants 0.5 sen to eight sen while L&G added 0.5 sen also to 45.5 sen. Telekom Malaysia fell one sen to RM3.89.
Among the decliners were BLD Plantations, down 18 sen to RM5.35 as investors took profit, MSC 16 sen lower at RM5.43 while MFlour ended its winning streak which was sparked by its strong financial results and dividends, shed 15 sen to RM6.81.
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