KUALA LUMPUR: The FBM KLCI edged higher to close in positive territory on Friday, June 24 as most key regional markets rose sharply, boosted by comments from Chinese Premier Wen Jiabao that price rises would be kept firmly under control this year, lifting hopes that China would relax its fiscal policy.
Chinese Premier Wen Jiabao was quoted by the Financial Times as saying he was confident that price rises would be kept firmly under control this year, giving some market players a reason cover short positions, according to Reuters.
The FBM KLCI rose 1.47 points to 1,546.66, lifted by gains including at CIMB, Maybank, KLK and Sime Darby.
Gainers led losers by 434 by 286, while 288 counters traded unchanged. Volume was 1.08 billion valued at RM1.72 billion.
At the regional markets, the Shanghai Composite Index jumped 2.16% to 2,746.21, Hong Kong's Hang Seng Index rose 1.90% to 22,171.95, South Korea's Kospi added 1.70% to 2,090.81, Japan's Nikkei 225 up 0.85% to 9,678.71 and Singapore's Straits Times Index up 0.73% to 3,066.85.
Meanwhile, Taiwan's Taiex shed 0.40% to 8,532.83.
On Bursa Malaysia, Malayan Flour Mills rose 43 sen to RM7.74, Batu Kawan added 38 sen to RM17.18, Warisan added 20 sen to RM2.60, Dutch Lady up 18 sen to RM18.68, CIMB 17 sen to RM8.68, Shangri-La and Subur Tiasa added 15 sen each to RM2.75 and RM2.79, AirAsia added jumped 13 sen to RM3.29, KLK 10 sen to RM22.08, Maybank six sen to RM8.88 and Sime Darby up two sen to RM9.19.
Among the decliners, Panasonic fell 34 sen to RM24.62, HLFG lost 32 sen to RM13, RHB Capital down 28 sen to RM8.75, Hong Leong Bank 22 sen to RM12.68, Nestle, BAT and MSC lost 20 sen each to RM47.50, RM45.80 and RM4.48, Kluang down 16 sen to RM2.59 while RCI was down 14 sen to RM1.74.
The actives included Ingenuity Solutions, HWGB, Karambunai, Kurnia Asia, CIMB, SAAG, RHB Capital and Silver Bird.
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Chinese Premier Wen Jiabao was quoted by the Financial Times as saying he was confident that price rises would be kept firmly under control this year, giving some market players a reason cover short positions, according to Reuters.
The FBM KLCI rose 1.47 points to 1,546.66, lifted by gains including at CIMB, Maybank, KLK and Sime Darby.
Gainers led losers by 434 by 286, while 288 counters traded unchanged. Volume was 1.08 billion valued at RM1.72 billion.
At the regional markets, the Shanghai Composite Index jumped 2.16% to 2,746.21, Hong Kong's Hang Seng Index rose 1.90% to 22,171.95, South Korea's Kospi added 1.70% to 2,090.81, Japan's Nikkei 225 up 0.85% to 9,678.71 and Singapore's Straits Times Index up 0.73% to 3,066.85.
Meanwhile, Taiwan's Taiex shed 0.40% to 8,532.83.
On Bursa Malaysia, Malayan Flour Mills rose 43 sen to RM7.74, Batu Kawan added 38 sen to RM17.18, Warisan added 20 sen to RM2.60, Dutch Lady up 18 sen to RM18.68, CIMB 17 sen to RM8.68, Shangri-La and Subur Tiasa added 15 sen each to RM2.75 and RM2.79, AirAsia added jumped 13 sen to RM3.29, KLK 10 sen to RM22.08, Maybank six sen to RM8.88 and Sime Darby up two sen to RM9.19.
Among the decliners, Panasonic fell 34 sen to RM24.62, HLFG lost 32 sen to RM13, RHB Capital down 28 sen to RM8.75, Hong Leong Bank 22 sen to RM12.68, Nestle, BAT and MSC lost 20 sen each to RM47.50, RM45.80 and RM4.48, Kluang down 16 sen to RM2.59 while RCI was down 14 sen to RM1.74.
The actives included Ingenuity Solutions, HWGB, Karambunai, Kurnia Asia, CIMB, SAAG, RHB Capital and Silver Bird.
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