KUALA LUMPUR: The FBM KLCI edged up in late trade on Tuesday, June 21 in line with the gains at key regional markets and the positive opening at most European markets.
Global stocks advanced on expectations that the euro zone will avoid a messy default of Greek sovereign debt, attracting investors back into risky assets, according to Reuters.
Investors are awaiting a parliamentary confidence vote for Greek Prime Minister George Papandreou, a step towards the passage of more spending cuts in exchange for foreign loans, it said.
The 30-stock FBM KLCI closed 1.60 points higher at 1,560.79.
The broader market, however, remained negative with losers outpacing gainers by 473 to 268, while 320 counters traded unchanged. Volume was 952.98 million shares valued at RM1.56 billion.
At the regional markets, Japan's Nikkei 225 rose 1.13% to 9,459.66, Hong Kong's Hang Seng Index added 1.16% to 21,850.59, the Shanghai Composite Index gained 0.96% to 2,646.48, Taiwan's Taiex rose 0.78% to 8,597.62, South Korea's Kospi advanced 1.41% to 2,048.17 and Singapore's Straits Times Index was up 1.32% to 3,053.51.
On Bursa Malaysia, United PLANTATION []s was the top gainer and added 42 sen to RM20.40; Panasonic gained 28 sen to RM24.78, Dutch Lady 22 sen to RM18.38, Golsta 21.5 sen to 49.5 sen, HLFG and Tasek 20 sen each to RM13.20 and RM8.10, MPI and Esso 17 sen each to RM4.90 and RM5.26, while LPI Capital rose 14 sen to RM13.80.
MAA HOLDINGS BHD [] shares fell sharply in active trade after a detailed announcement on the divestment of its insurance business showed that at RM344 million, its assets were valued at barely 1.36 times book value.
The stock fell 30.5 sen to 72.5 sen with 78.2 million shares traded.
Other actives included Ingenuity Solutions, Compugates, Timecom, Axiata, Muhibbah, Time, Asia Media and Maybank.
Among the decliners, Nestle fell20 sen to RM47.80, Amway and MMHE lost 15 sen each to RM47.80 and RM9.40, Paos, Petronas Dagangan and BToto lost 14 sen each to 64 sen, RM15.80 and RM4.38 respectively,'' Allianz and UMS fell 13 sen each to RM5.10 and RM1.67 while Favelle Favco fell 12 sen to RM1.60.
Global stocks advanced on expectations that the euro zone will avoid a messy default of Greek sovereign debt, attracting investors back into risky assets, according to Reuters.
Investors are awaiting a parliamentary confidence vote for Greek Prime Minister George Papandreou, a step towards the passage of more spending cuts in exchange for foreign loans, it said.
The 30-stock FBM KLCI closed 1.60 points higher at 1,560.79.
The broader market, however, remained negative with losers outpacing gainers by 473 to 268, while 320 counters traded unchanged. Volume was 952.98 million shares valued at RM1.56 billion.
At the regional markets, Japan's Nikkei 225 rose 1.13% to 9,459.66, Hong Kong's Hang Seng Index added 1.16% to 21,850.59, the Shanghai Composite Index gained 0.96% to 2,646.48, Taiwan's Taiex rose 0.78% to 8,597.62, South Korea's Kospi advanced 1.41% to 2,048.17 and Singapore's Straits Times Index was up 1.32% to 3,053.51.
On Bursa Malaysia, United PLANTATION []s was the top gainer and added 42 sen to RM20.40; Panasonic gained 28 sen to RM24.78, Dutch Lady 22 sen to RM18.38, Golsta 21.5 sen to 49.5 sen, HLFG and Tasek 20 sen each to RM13.20 and RM8.10, MPI and Esso 17 sen each to RM4.90 and RM5.26, while LPI Capital rose 14 sen to RM13.80.
MAA HOLDINGS BHD [] shares fell sharply in active trade after a detailed announcement on the divestment of its insurance business showed that at RM344 million, its assets were valued at barely 1.36 times book value.
The stock fell 30.5 sen to 72.5 sen with 78.2 million shares traded.
Other actives included Ingenuity Solutions, Compugates, Timecom, Axiata, Muhibbah, Time, Asia Media and Maybank.
Among the decliners, Nestle fell20 sen to RM47.80, Amway and MMHE lost 15 sen each to RM47.80 and RM9.40, Paos, Petronas Dagangan and BToto lost 14 sen each to 64 sen, RM15.80 and RM4.38 respectively,'' Allianz and UMS fell 13 sen each to RM5.10 and RM1.67 while Favelle Favco fell 12 sen to RM1.60.
No comments:
Post a Comment