KUALA LUMPUR: The FBM KLCI clawed back into positive territory at the mid-day break on Tuesday, July 26 in line with the mild rebound at regional markets.
Asian shares edged higher on Tuesday, rebounding from Monday's fall, but the dollar slid to a record low against the Swiss franc after a speech by U.S. President Barack Obama gave no sign a deadlock in Washington over raising the debt limit was easing, according to Reuters.
Short-term speculators took aim at the dollar after Obama delivered a prime-time address to Americans, warning that a default on U.S. bond obligations would be a "reckless and irresponsible outcome". But he gave no indication a compromise was imminent.
So far investors have shown few signs of panic even as Republicans and Democrats have failed to bridge their differences with just a week to go to the Aug. 2 deadline the U.S. Treasury has set for when it may fail to pay out on Treasuries.
The FBM KLCI rose 0.22 point to 1,559.82 at 12.30pm.
Gainers trailed losers by 246 to 299, while 314 counters traded unchanged. Volume was 441.94 million shares valued at RM581.68 million.
The rinngit strengthened 0.44% to 2.9598 versus the US dollar; crude palm oil futures for the third month delivery rose RM8 per tonne to RM3,108, oil gained 27 cents per barrel to US$99.47 and gold added US$1.30 an ounce to US$1,615.45.
At the regional markets, Japans' Nikkei 225 rose 0.66% to 10,116.74, Hong Kong's Hang Seng Index gained 0.94% to 22,502.65, Taiwan's Taiex added 0.85% to 8,756.91, South Korea's Kospi up 0.39% to 2,158.80, Singapore's Straits Times Index advanced 027% to 3,180.17 and the Shanghai Composite Index edged up 0.06% to 2,690.33.
On Bursa Malaysia, Coastal Contracts warrants and DRB Hicom added 30 sen each to 60.5 sen and RM2.25, BAT 18 sen to RM46.68, Tradewinds PLANTATION []s, DiGi and LPI Capital rose 16 sen each to RM3.67, RM30.14 and RM13.76 respectively, Yinson and Zecon added 15 sen each to RM2.17 and 63 sen, while KNM was up 14 sen to RM1.89.
Peterlabs Holdings, which made its Bursa Malaysia debut today, was the most actively traded counter with 36.1 million shares done. The stock fell five sen to 25 sen.
Other actives included Hibiscus, Jotech, Ingeuity Solutions, Bumi Armada and KNM.
Decliners included MMHE, CCB, Aeon, Maxtral, Boustead, Ta Ann and Tenaga.
Asian shares edged higher on Tuesday, rebounding from Monday's fall, but the dollar slid to a record low against the Swiss franc after a speech by U.S. President Barack Obama gave no sign a deadlock in Washington over raising the debt limit was easing, according to Reuters.
Short-term speculators took aim at the dollar after Obama delivered a prime-time address to Americans, warning that a default on U.S. bond obligations would be a "reckless and irresponsible outcome". But he gave no indication a compromise was imminent.
So far investors have shown few signs of panic even as Republicans and Democrats have failed to bridge their differences with just a week to go to the Aug. 2 deadline the U.S. Treasury has set for when it may fail to pay out on Treasuries.
The FBM KLCI rose 0.22 point to 1,559.82 at 12.30pm.
Gainers trailed losers by 246 to 299, while 314 counters traded unchanged. Volume was 441.94 million shares valued at RM581.68 million.
The rinngit strengthened 0.44% to 2.9598 versus the US dollar; crude palm oil futures for the third month delivery rose RM8 per tonne to RM3,108, oil gained 27 cents per barrel to US$99.47 and gold added US$1.30 an ounce to US$1,615.45.
At the regional markets, Japans' Nikkei 225 rose 0.66% to 10,116.74, Hong Kong's Hang Seng Index gained 0.94% to 22,502.65, Taiwan's Taiex added 0.85% to 8,756.91, South Korea's Kospi up 0.39% to 2,158.80, Singapore's Straits Times Index advanced 027% to 3,180.17 and the Shanghai Composite Index edged up 0.06% to 2,690.33.
On Bursa Malaysia, Coastal Contracts warrants and DRB Hicom added 30 sen each to 60.5 sen and RM2.25, BAT 18 sen to RM46.68, Tradewinds PLANTATION []s, DiGi and LPI Capital rose 16 sen each to RM3.67, RM30.14 and RM13.76 respectively, Yinson and Zecon added 15 sen each to RM2.17 and 63 sen, while KNM was up 14 sen to RM1.89.
Peterlabs Holdings, which made its Bursa Malaysia debut today, was the most actively traded counter with 36.1 million shares done. The stock fell five sen to 25 sen.
Other actives included Hibiscus, Jotech, Ingeuity Solutions, Bumi Armada and KNM.
Decliners included MMHE, CCB, Aeon, Maxtral, Boustead, Ta Ann and Tenaga.
No comments:
Post a Comment