KUALA LUMPUR: Asian markets rose higher on Monday, July 4 as investor sentiment improved as concerns on Greece's debt crisis eased and moderating manufacturing growth in China allayed fears of a slowdown in that country.
On the local front, the FBM KLCI struggled to breach the 1,590-level as some mild profit taking began to set in, with decliners overtaking advancing counters.
The FBM KLCI rose 0.31% or 4.97 points to 1,587.91, lifted by gains at banking and blue chip stocks. The index had earlier risen to its intra-morning high of 1,589.93. Gainers trailed losers by 290 to 325, while 294 counters traded unchanged. Volume was 365.85 million shares valued at RM582.73 million.
The ringgit strengthened 0.11% to 3.0054 versus the US dollar; crude palm oil futures for the third month delivery rose RM35 per tonne to RM3,069, crude oil was up 31 cents per barrel to US$95.25 while gold jumped US$5.37 an ounce to US$1,493.15.
At the regional markets, Hong Kong's Hang Seng Index jumped 1.78% to 22,796.15, the Shanghai Composite Index rose 1.76% to 2,807.92, Japan's Nikkei 225 up 1.21% to 9,987.80, South Korea's Kospi added 1.20% to 2,151.28, Singapore's Straits Times Index added 0.75% to 3,162.66 while Taiwan's Taiex edged up 0.59% to 8,791.21.
On Bursa Malaysia, KLK was up 40 sen to RM22.62, United PLANTATION []s 30 sen to RM20.30, DiGi 26 sen ti RM29.48, NCB 17 sen to RM4.44, Aeon 15 sen to RM7.38, Batu Kawan 14 sen to RM17.20, Petronas Gas 12 sen to RM13.38 and Petronas Dagangan four sen to RM16.20.
Among banks, HLFG rose 16 sen to RM13.32, Hong Leong Bank up 12 sen to RM13.62, AMMB five sen to RM6.57, Public Bank four sen to RM13.34 while CIMB and Maybank added two sen each to RM8.95 and RM8.97.
Lion Corp was the most actively traded counter with 13.75 million shares done. The stock gained 1.5 sen to 29.5 sen.
Other actives included XDL, TMS, Karambunai, MSM, Focus, PLUS, Time and HWGB.
Among the decliners, BAT fell 20 sen to RM46.50, Taliworks 18 sen to RM1.11, UMW and Ekovest 13 sen each to RM7.35 and RM2.93, PPB 12 sen to RM17.56, Airasia 11 sen to RM3.52, Sunway City nine sen to RM5.40, Notion and Kawan Food eight sen each to RM2.05 and RM1.17, while MAHB fell six sen to RM6.54.
On the local front, the FBM KLCI struggled to breach the 1,590-level as some mild profit taking began to set in, with decliners overtaking advancing counters.
The FBM KLCI rose 0.31% or 4.97 points to 1,587.91, lifted by gains at banking and blue chip stocks. The index had earlier risen to its intra-morning high of 1,589.93. Gainers trailed losers by 290 to 325, while 294 counters traded unchanged. Volume was 365.85 million shares valued at RM582.73 million.
The ringgit strengthened 0.11% to 3.0054 versus the US dollar; crude palm oil futures for the third month delivery rose RM35 per tonne to RM3,069, crude oil was up 31 cents per barrel to US$95.25 while gold jumped US$5.37 an ounce to US$1,493.15.
At the regional markets, Hong Kong's Hang Seng Index jumped 1.78% to 22,796.15, the Shanghai Composite Index rose 1.76% to 2,807.92, Japan's Nikkei 225 up 1.21% to 9,987.80, South Korea's Kospi added 1.20% to 2,151.28, Singapore's Straits Times Index added 0.75% to 3,162.66 while Taiwan's Taiex edged up 0.59% to 8,791.21.
On Bursa Malaysia, KLK was up 40 sen to RM22.62, United PLANTATION []s 30 sen to RM20.30, DiGi 26 sen ti RM29.48, NCB 17 sen to RM4.44, Aeon 15 sen to RM7.38, Batu Kawan 14 sen to RM17.20, Petronas Gas 12 sen to RM13.38 and Petronas Dagangan four sen to RM16.20.
Among banks, HLFG rose 16 sen to RM13.32, Hong Leong Bank up 12 sen to RM13.62, AMMB five sen to RM6.57, Public Bank four sen to RM13.34 while CIMB and Maybank added two sen each to RM8.95 and RM8.97.
Lion Corp was the most actively traded counter with 13.75 million shares done. The stock gained 1.5 sen to 29.5 sen.
Other actives included XDL, TMS, Karambunai, MSM, Focus, PLUS, Time and HWGB.
Among the decliners, BAT fell 20 sen to RM46.50, Taliworks 18 sen to RM1.11, UMW and Ekovest 13 sen each to RM7.35 and RM2.93, PPB 12 sen to RM17.56, Airasia 11 sen to RM3.52, Sunway City nine sen to RM5.40, Notion and Kawan Food eight sen each to RM2.05 and RM1.17, while MAHB fell six sen to RM6.54.
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