KUALA LUMPUR: The FBM KLCI extended its gains at the mid-day break on Friday, June 10 lifted by gains in select blue chips including Genting, HLFG and Hong Leong Bank with the broader market showing some positive signs.
However, mobile virtual network operator XOX Group Bhd had a bad start on its debut on the ACE Market, falling 19.5 sen to 60.5 sen with 18.14 million shares traded. The selling pressure was also linked to the losses in the first quarter which it announced on Thursday.
At 12.30pm, the 30-stock benchmark index was up 0.42% or 6.52 points to 1,557.41. Volume was 412.11 million shares valued at RM568.78 million. Gainers led losers by 322 to 247, while 318 counters traded unchanged.
The ringgit strengthened 0.08% to 3.0197 versus the US dollar; crude palm oil for the third month delivery fell RM15 per tonne to RM3,265, crude oil shed 11 cents per barrel to US$101.82 and gold fell US$1.90 per troy ounce to US$1,542.20.
Regional markets were mostly down as the China stock market trended lower on concerns over further monetary tightening from Beijing. Chinese shares were the worst performers in the region in May, according to Reuters.
Meanwhile, Japan's Nikkei 225 gave up some of its earlier gains on mild profit taking. The Nikkei received an early boost after a report showed the U.S trade gap narrowed unexpectedly in April, suggesting stronger second-quarter economic growth than many economists had expected, though that quickly gave way to some profit taking.
The Nikkei was up 0.83% to 9,545.72, Hong Kong's Hang Seng Index fell 0.69% to 22,454.70, the Shanghai Composite Index shed 0.20% to 2,697.99, Taiwan's Taiex lost 1.30% to 8,884.28, South Korea's Kospi was down 0.56% to 2,059.81 while Singapore's Straits Times Index edged down 0.25% to 3,089.94.
On Bursa Malaysia, HLFG, BAT and Genting added 20 sen each to RM12.70, RM46.44 and RM11.30 respectively, Hong Leong Bank rose 18 sen to RM13.02, KPJ and MISC were up 15 sen each to RM4.50 and RM7.11, Esso 14 sen to RM5.08, while Petronas Gas and Pos added 12 sen each to RM11.78 and RM3.35.
Other losers included Tradewinds that fell 20 sen to RM10.42, Mentiga down 12 sen to 76 sen, Aeon Credit 11 sen to RM4.88, Dutch Lady, Glenealy and Top Glove fell 10 sen each to RM18, RM5.60 and RM5.30 respectively, Inno and Harrisons down nine sen each to RM1.40 and RM3.84, while Litrak lost eight sen to RM3.62.
The actives this morning included Focus, SAAG, MAA, Kencana, Tenaga and HWGB.
However, mobile virtual network operator XOX Group Bhd had a bad start on its debut on the ACE Market, falling 19.5 sen to 60.5 sen with 18.14 million shares traded. The selling pressure was also linked to the losses in the first quarter which it announced on Thursday.
At 12.30pm, the 30-stock benchmark index was up 0.42% or 6.52 points to 1,557.41. Volume was 412.11 million shares valued at RM568.78 million. Gainers led losers by 322 to 247, while 318 counters traded unchanged.
The ringgit strengthened 0.08% to 3.0197 versus the US dollar; crude palm oil for the third month delivery fell RM15 per tonne to RM3,265, crude oil shed 11 cents per barrel to US$101.82 and gold fell US$1.90 per troy ounce to US$1,542.20.
Regional markets were mostly down as the China stock market trended lower on concerns over further monetary tightening from Beijing. Chinese shares were the worst performers in the region in May, according to Reuters.
Meanwhile, Japan's Nikkei 225 gave up some of its earlier gains on mild profit taking. The Nikkei received an early boost after a report showed the U.S trade gap narrowed unexpectedly in April, suggesting stronger second-quarter economic growth than many economists had expected, though that quickly gave way to some profit taking.
The Nikkei was up 0.83% to 9,545.72, Hong Kong's Hang Seng Index fell 0.69% to 22,454.70, the Shanghai Composite Index shed 0.20% to 2,697.99, Taiwan's Taiex lost 1.30% to 8,884.28, South Korea's Kospi was down 0.56% to 2,059.81 while Singapore's Straits Times Index edged down 0.25% to 3,089.94.
On Bursa Malaysia, HLFG, BAT and Genting added 20 sen each to RM12.70, RM46.44 and RM11.30 respectively, Hong Leong Bank rose 18 sen to RM13.02, KPJ and MISC were up 15 sen each to RM4.50 and RM7.11, Esso 14 sen to RM5.08, while Petronas Gas and Pos added 12 sen each to RM11.78 and RM3.35.
Other losers included Tradewinds that fell 20 sen to RM10.42, Mentiga down 12 sen to 76 sen, Aeon Credit 11 sen to RM4.88, Dutch Lady, Glenealy and Top Glove fell 10 sen each to RM18, RM5.60 and RM5.30 respectively, Inno and Harrisons down nine sen each to RM1.40 and RM3.84, while Litrak lost eight sen to RM3.62.
The actives this morning included Focus, SAAG, MAA, Kencana, Tenaga and HWGB.
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