KUALA LUMPUR: The FBM KLCI bucked the trend at regional markets and rose at the mid-day break on Wednesday, June 8, lifted by gains at banking and select blue chip counters while UOA Development put up a lacklustre performance on its trading debut.
At 12.30pm, the 30-stock index edged up 0.09% or 1.39 points to 1,553.28. However, the overall market sentiment was weaker with gainers trailing losers by 263 to 294, while 301 counters traded unchanged. Volume was 420.40 million shares valued at RM625.59 million.
The ringgit weakened 0.20% to 3.0135 versus the US dollar; crude palm oil futures for the third month delivery fell RM23 per tonne to RM3,329, crude oil slipped 53 cents per barrel to US$98.56 while gold lost US$4 per troy ounce to US$1,540.15.
Regional markets mostly fell after uninspiring comments from US Federal Reserve Chairman Ben Bernanke added to worries about the slowing global economy, according to Reuters.
Bernanke acknowledged an economic slowdown in the United States, but offered no suggestion of further stimulus to support growth, souring sentiment across equity markets and towards the dollar as investors expect U.S. interest rates to remain low for a longer period of time, it said.
South Korea's Kospi -1.24%
2,073.75 Singapore's Straits Times Index -0.31% 3,106.25 Nikkei 225 -0.27% 9,417.09 Hang Seng Index -0.93% 22,654.96 Shanghai Composite Index -0.34% 2,735.04 Taiwan's Taiex -0.25% 9,034.67 ''
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On Bursa Malaysia, Hong Leong Bank rose 16 sen to RM12.68, RHB Capital 10 sen to RM9.93, CIMB six sen to RM8.39 while Maybank, AMMB and HLFG added two sen each to RM8.77, RM6.48 and RM12.08 respectively.
Kluang rose 16 sen to RM2.88, Ekovest and Petrol One 15 sen each to RM2.94 and RM1.49, Genting added 14 sen to RM11.08, MAA 11 sen to RM1.38, while GAB, BAT and AirAsia gained 10 sen each t RM10.60, RM47 and RM3.15 respectively.
Tejari was the most actively traded counter with 56 million shares done. The stock fell one sen to 6 sen.
Other actives included Focus, Asia Media, MAA, DRB Hicom, Petronas Chemicals and Malton.
Newly-listed UOA Development made a lacklustre debut and was down seven sen to RM2.53 from its institutional price of RM2.60 with 49.33 million shares traded.
Decliners included Tradewinds, Public Bank, United Malacca, Malayan Flour Mills and Esso.
At 12.30pm, the 30-stock index edged up 0.09% or 1.39 points to 1,553.28. However, the overall market sentiment was weaker with gainers trailing losers by 263 to 294, while 301 counters traded unchanged. Volume was 420.40 million shares valued at RM625.59 million.
The ringgit weakened 0.20% to 3.0135 versus the US dollar; crude palm oil futures for the third month delivery fell RM23 per tonne to RM3,329, crude oil slipped 53 cents per barrel to US$98.56 while gold lost US$4 per troy ounce to US$1,540.15.
Regional markets mostly fell after uninspiring comments from US Federal Reserve Chairman Ben Bernanke added to worries about the slowing global economy, according to Reuters.
Bernanke acknowledged an economic slowdown in the United States, but offered no suggestion of further stimulus to support growth, souring sentiment across equity markets and towards the dollar as investors expect U.S. interest rates to remain low for a longer period of time, it said.
South Korea's Kospi -1.24%
2,073.75 Singapore's Straits Times Index -0.31% 3,106.25 Nikkei 225 -0.27% 9,417.09 Hang Seng Index -0.93% 22,654.96 Shanghai Composite Index -0.34% 2,735.04 Taiwan's Taiex -0.25% 9,034.67 ''
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On Bursa Malaysia, Hong Leong Bank rose 16 sen to RM12.68, RHB Capital 10 sen to RM9.93, CIMB six sen to RM8.39 while Maybank, AMMB and HLFG added two sen each to RM8.77, RM6.48 and RM12.08 respectively.
Kluang rose 16 sen to RM2.88, Ekovest and Petrol One 15 sen each to RM2.94 and RM1.49, Genting added 14 sen to RM11.08, MAA 11 sen to RM1.38, while GAB, BAT and AirAsia gained 10 sen each t RM10.60, RM47 and RM3.15 respectively.
Tejari was the most actively traded counter with 56 million shares done. The stock fell one sen to 6 sen.
Other actives included Focus, Asia Media, MAA, DRB Hicom, Petronas Chemicals and Malton.
Newly-listed UOA Development made a lacklustre debut and was down seven sen to RM2.53 from its institutional price of RM2.60 with 49.33 million shares traded.
Decliners included Tradewinds, Public Bank, United Malacca, Malayan Flour Mills and Esso.
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