KUALA LUMPUR: The FBM KLCI breached the 1,560-point level at mid-morning, in line with the modest initial gains at most key regional markets that were boosted by the overnight advance at Wall Street.
However, trading sentiment at the regional markets was soured by the uncertainty in the Greece debt situation and activities remained subdued.
At 10am, the FBM KLCI was up 8.37 points to 1,562.61, lifted by gains including at
Gainers led losers by 222 to 134, while 207 counters traded unchanged. Volume was 151.36 million shares valued at RM202.54 million.
At the regional markets, Japan's Nikkei 225 edged down 0.01% to 9,410.68, Hong Kong's Hang Seng Index was down 0.22% to 21,904.79, the Shanghai Composite Index shed 0.03% to 2,663.44, Taiwan's Taiex down 0.02% to 8,653.13, South Korea's Kospi fell 0.25% to 2,041.52 and Singapore's Straits Times lost 0.35% to 3,009.44.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note to clients June 17 said due to the US markets' mixed tone last night, there would be some initial low volume buying activities in the local bourse today.
'The market could possibly rise, with some pre-weekend profit taking activities later in the day.
'As a result, we expect the FBM KLCI to remain volatile today. Investors should trade the market with a short-term time frame,' he said.
Meanwhile, BIMB Securities Research in a note June 17 said while Wall Street rebounded overnight, undertone of the market remains cautious and weak.
'We believe there to be more downward bias in the DJI given the heightening uncertainties both in the US and Eurozone.
'Locally, we expect to remain thin in the absence of any positive catalysts. As a result, the FBMKLCI is seen to move within a tight range with the 1,550 level as a rather firm support,' it said.
Among the gainers, Digi rose 42 sen to RM29.10, Petronas Gas 38 sen to RM12.68, Hong Leong Bank 30 sen to RM13.30, KLK 26 sen to 22.28, BAT and HLFG 18 sen each to RM46.08 and RM12.56, CIMB 10 sen to RM8.57, while Aeon Credit and RHB Capital added eight sen each to RM5.13 and RM9.92.
DBE Gurney was the most actively traded counter with 9.48 million shares done. The stock was unchanged at 8 sen.
Other actives included Compugates, Tricubes, Muhibbah, Kurnia Asia, Axiata and Asia Media.
Decliners at mid-morning included Batu Kawan, Shell, Malayan Flour Mills, Petrol One, Kim Hin, Genting PLANTATION []s, Top Glove and Puncak Niaga.
However, trading sentiment at the regional markets was soured by the uncertainty in the Greece debt situation and activities remained subdued.
At 10am, the FBM KLCI was up 8.37 points to 1,562.61, lifted by gains including at
Gainers led losers by 222 to 134, while 207 counters traded unchanged. Volume was 151.36 million shares valued at RM202.54 million.
At the regional markets, Japan's Nikkei 225 edged down 0.01% to 9,410.68, Hong Kong's Hang Seng Index was down 0.22% to 21,904.79, the Shanghai Composite Index shed 0.03% to 2,663.44, Taiwan's Taiex down 0.02% to 8,653.13, South Korea's Kospi fell 0.25% to 2,041.52 and Singapore's Straits Times lost 0.35% to 3,009.44.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note to clients June 17 said due to the US markets' mixed tone last night, there would be some initial low volume buying activities in the local bourse today.
'The market could possibly rise, with some pre-weekend profit taking activities later in the day.
'As a result, we expect the FBM KLCI to remain volatile today. Investors should trade the market with a short-term time frame,' he said.
Meanwhile, BIMB Securities Research in a note June 17 said while Wall Street rebounded overnight, undertone of the market remains cautious and weak.
'We believe there to be more downward bias in the DJI given the heightening uncertainties both in the US and Eurozone.
'Locally, we expect to remain thin in the absence of any positive catalysts. As a result, the FBMKLCI is seen to move within a tight range with the 1,550 level as a rather firm support,' it said.
Among the gainers, Digi rose 42 sen to RM29.10, Petronas Gas 38 sen to RM12.68, Hong Leong Bank 30 sen to RM13.30, KLK 26 sen to 22.28, BAT and HLFG 18 sen each to RM46.08 and RM12.56, CIMB 10 sen to RM8.57, while Aeon Credit and RHB Capital added eight sen each to RM5.13 and RM9.92.
DBE Gurney was the most actively traded counter with 9.48 million shares done. The stock was unchanged at 8 sen.
Other actives included Compugates, Tricubes, Muhibbah, Kurnia Asia, Axiata and Asia Media.
Decliners at mid-morning included Batu Kawan, Shell, Malayan Flour Mills, Petrol One, Kim Hin, Genting PLANTATION []s, Top Glove and Puncak Niaga.
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