KUALA LUMPUR: The FBM KLCI pared down its losses at the mid-day break on Thursday, June 30 as most key regional markets jumped after Greece moved a step closer to avoiding a default by adopting harsh austerity measures.
Asian stocks also gained as market players covered short positions that had been built up heading into the Greek parliamentary votes, with those in Hong Kong jumping to highs last seen during the financial crisis in 2008, according to Reuters.
The FBM KLCI narrowed its losses to just 0.69 point to 1,574.32 at 12.30pm. The index had earlier fallen to its intra-morning low of 1,570.69.
Losers led gainers by 326 to 280, while 284 counters traded unchanged. Volume was 472.45 million shares valued at RM635.97 million.
The ringgit strengthened 0.48% to 3.0208 versus the US dollar. Crude palm oil futures for the third month delivery gained RM11 per tonne to RM3,120, oil added 19 cents per barrel to US$94.96 and gold rose 45 cents an ounce to US$1,512.75.
At the regional markets, Hong Kong's Hang Seng Index jumped 1.7% to 22,436.78, the Shanghai Composite Index rose 1.28% to 2,763.53, Singapore's Straits Times Index added 1.05% to 3,111.98, Taiwan's Taiex was up 0.42% to 8,609.37, South Korea's Kospi advanced 0.37% to 2,102.25 and Japan's Nikkei 225 edged up 0.35% to 9,831.25.
On Bursa Malaysia, among the decliners were Shell, HLFG, RHB Capital and Genting that fell 10 sen each to RM10.40, RM13, RM9.01 and RM11.08 respectively, NWP that fell 24 sen to 14 sen, Cepco 20 sen to RM1.96, Super 13 sen to 84 sen, MESB 11 sen to 37 sen, Warisan down nine sen to RM2.50, while Tradewinds lost eight sen to RM10.50.
Compugates was the most actively traded counter with 53.91 million shares done. The stock was unchanged at 6.5 sen. Other actives included KBB, TMS, Sinotop, Silver Bird, LBS Bina, Kurnia Asia and PLUS.
Among the gainers, United PLANTATION []s added 34 sen to RM19.78, BAT 30 sen to RM46.50, Ta Ann 21 sen to RM5.65, Hong Leong Bank 20 sen to RM13.30, Aeon 13 sen to RM7.24, Lysaght and NSOP 10 sen each to RM1.85 and RM5.40 while United Malacca added nine sen to RM7.06.
Asian stocks also gained as market players covered short positions that had been built up heading into the Greek parliamentary votes, with those in Hong Kong jumping to highs last seen during the financial crisis in 2008, according to Reuters.
The FBM KLCI narrowed its losses to just 0.69 point to 1,574.32 at 12.30pm. The index had earlier fallen to its intra-morning low of 1,570.69.
Losers led gainers by 326 to 280, while 284 counters traded unchanged. Volume was 472.45 million shares valued at RM635.97 million.
The ringgit strengthened 0.48% to 3.0208 versus the US dollar. Crude palm oil futures for the third month delivery gained RM11 per tonne to RM3,120, oil added 19 cents per barrel to US$94.96 and gold rose 45 cents an ounce to US$1,512.75.
At the regional markets, Hong Kong's Hang Seng Index jumped 1.7% to 22,436.78, the Shanghai Composite Index rose 1.28% to 2,763.53, Singapore's Straits Times Index added 1.05% to 3,111.98, Taiwan's Taiex was up 0.42% to 8,609.37, South Korea's Kospi advanced 0.37% to 2,102.25 and Japan's Nikkei 225 edged up 0.35% to 9,831.25.
On Bursa Malaysia, among the decliners were Shell, HLFG, RHB Capital and Genting that fell 10 sen each to RM10.40, RM13, RM9.01 and RM11.08 respectively, NWP that fell 24 sen to 14 sen, Cepco 20 sen to RM1.96, Super 13 sen to 84 sen, MESB 11 sen to 37 sen, Warisan down nine sen to RM2.50, while Tradewinds lost eight sen to RM10.50.
Compugates was the most actively traded counter with 53.91 million shares done. The stock was unchanged at 6.5 sen. Other actives included KBB, TMS, Sinotop, Silver Bird, LBS Bina, Kurnia Asia and PLUS.
Among the gainers, United PLANTATION []s added 34 sen to RM19.78, BAT 30 sen to RM46.50, Ta Ann 21 sen to RM5.65, Hong Leong Bank 20 sen to RM13.30, Aeon 13 sen to RM7.24, Lysaght and NSOP 10 sen each to RM1.85 and RM5.40 while United Malacca added nine sen to RM7.06.
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