KUALA LUMPUR: The FBM KLCI edged marginally higher at mid-morning on Wednesday, June 8, lifted by gains at select blue chips.
Gainers led losers by 173 to 160, while 212 counters traded unchanged. Volume was 153.55 million shares valued at RM228.49 million.
Regional markets were mostly in the red, following the overnight dip at Wall Street.
Japan's Nikkei 225 was 0.40% lower at 9,404.71, Hong Kong's Hang Seng Index lost 0.665 to 22,718.03, the Shanghai Composite Index shed 0.13% to 2,740.77, Taiwan's Taiex was down 0.23% to 9,036.53, South Korea's Kospi fell 0.79% to 2,083.19 and Singapore's Straits Times Index lost 0.40% to 3,103.43.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note to clients June 8 said that due to the world markets' benign tone last night, trading activities on the local bourse would be boring with low trading volume.
'We expect the FBM KLCI to remain quiet today, as there may be a spillover of the boring US and regional markets.
'Investors should trade the local market with a short-to-medium term time frame,' he said.
Among the gainers at mid-morning, Kluang rose 26 sen to RM2.98, BHIC added 20 sen to RM4.24, PPB, GAB and BAT gained 10 sen each to RM17.50, RM10.60 and RM47 respectively, while RHB Capital, Coastal Contracts and Hong Leong Bank rose eight sen each to RM9.91, RM3.67 and RM12.60 respectively.
The much anticipated listing of UOA Development was a dampener, as the stock fell two sen to RM2.58 at mid-morning with 35.54 million shares done.
Other actives included Focus, Ho Hup, Malton, Karambunai, KNM and DRB Hicom.
Among the decliners at mid-morning, Tradewinds fell 32 sen to RM10.70, Lafarge Malayan Cement lost 11 sen to RM7.39, Public Bank 10 sen to RM13.14, DiGi and Malayan Flour Mills down eight sen each to RM28.80 and RM8.01, Rimbunan Sawit seven sen to RM2.55, HLFG six sen to RM12 while Hwa Tai and Hap Seng lost five sen each to 54.5 sen and RM5.53.
Gainers led losers by 173 to 160, while 212 counters traded unchanged. Volume was 153.55 million shares valued at RM228.49 million.
Regional markets were mostly in the red, following the overnight dip at Wall Street.
Japan's Nikkei 225 was 0.40% lower at 9,404.71, Hong Kong's Hang Seng Index lost 0.665 to 22,718.03, the Shanghai Composite Index shed 0.13% to 2,740.77, Taiwan's Taiex was down 0.23% to 9,036.53, South Korea's Kospi fell 0.79% to 2,083.19 and Singapore's Straits Times Index lost 0.40% to 3,103.43.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note to clients June 8 said that due to the world markets' benign tone last night, trading activities on the local bourse would be boring with low trading volume.
'We expect the FBM KLCI to remain quiet today, as there may be a spillover of the boring US and regional markets.
'Investors should trade the local market with a short-to-medium term time frame,' he said.
Among the gainers at mid-morning, Kluang rose 26 sen to RM2.98, BHIC added 20 sen to RM4.24, PPB, GAB and BAT gained 10 sen each to RM17.50, RM10.60 and RM47 respectively, while RHB Capital, Coastal Contracts and Hong Leong Bank rose eight sen each to RM9.91, RM3.67 and RM12.60 respectively.
The much anticipated listing of UOA Development was a dampener, as the stock fell two sen to RM2.58 at mid-morning with 35.54 million shares done.
Other actives included Focus, Ho Hup, Malton, Karambunai, KNM and DRB Hicom.
Among the decliners at mid-morning, Tradewinds fell 32 sen to RM10.70, Lafarge Malayan Cement lost 11 sen to RM7.39, Public Bank 10 sen to RM13.14, DiGi and Malayan Flour Mills down eight sen each to RM28.80 and RM8.01, Rimbunan Sawit seven sen to RM2.55, HLFG six sen to RM12 while Hwa Tai and Hap Seng lost five sen each to 54.5 sen and RM5.53.
No comments:
Post a Comment