KUALA LUMPUR: The FBM bucked the trend at regional markets and slipped into negative territory at the mid-day break on Friday, July 1 as mild profit taking chipped away its gains in the morning session.
Asian markets mostly maintained their momentum following the firmer overnight close at Wall Street as well as on the Greek parliament approved detailed austerity and privatisation bills on Thursday in a crucial vote to secure emergency funds and avert imminent bankruptcy.
Analysts however cautioned that some mild profit taking could emerge ahead of the extended weekend in US due to the Independence Day holiday on July 4.
On Bursa Malaysia, the FBM KLCI shed 0.30 point to 1,578.77 at 12.30pm.
Gainers trailed losers by 273 to 306, while 308 counters traded unchanged. Volume was 419.48 million shares valued at RM588.18 million.
The ringgit strengthened 0.29% to 3.0110 versus the US dollar; crude palm oil futures for the third month delivery fell RM14 per tonne to RM3,056, crude oil shed 69 cents to US$94.73 while gold added US$1.40 an ounce to US$1,501.75.
At the regional markets, Japan's Nikkei 225 rose 0.62% to 9,877.05, the Shanghai Composite Index rose 0.38% to 2,772.68, Taiwan's Taiex added 0.96% to 8,735.52, South Korea's Kospi was up 1.18% to 2,125.55 and Singapore's Straits Times Index edged up 0.51% to 3,136.43.
Among the decliners this morning, Yinson and Genting fell 10 sen to RM1.79 and RM11.12, Hong Leong Bank down eight sen to RM13.30, Malayan Flour Mills and See Hup lost seven sen each to RM8.18 and 88 sen, SCIB and Batu Kawan down six sen each to 35 sen and RM17.06, while Tenaga fell three sen to RM6.74.
Gainers were led by MSM that rose 22 sen to RM4.95; Sapura Resources and United PLANTATION []s rose 18 sen each to RM1.18 and RM19.98, DiGi 16 sen to RM29.20, AirAsia 11 sen to RM3.63, Metrod, Tradewinds and BIMB added 10 sen each to RM3.70, RM10.52 and RM2.03 respectively, while SOP rose nine sen to RM3.85.
Meanwhile, RHB Capital and CIMB were in focus in early trade after the Singapore Straits Times, citing sources said the RHB Capital was planning a takeover.
However, RHB Capital shares declined one sen to RM9.15 while CIMB added one to RM8.94 after Bloomberg reported CIMB head of group marketing and communications Effendy Shahul Hamid as saying that it was not in talks to merge with RHB Capital.
Newly-listed Eversendai was the most actively traded counter this morning with 49.33 million shares done. The stock rose four sen to RM1.74.
Other actives included Time, TMS, KBB, Focus, MSM, Ingenuity Solutions, Ideal Jacob, DBE Gurney and Axiata.
Asian markets mostly maintained their momentum following the firmer overnight close at Wall Street as well as on the Greek parliament approved detailed austerity and privatisation bills on Thursday in a crucial vote to secure emergency funds and avert imminent bankruptcy.
Analysts however cautioned that some mild profit taking could emerge ahead of the extended weekend in US due to the Independence Day holiday on July 4.
On Bursa Malaysia, the FBM KLCI shed 0.30 point to 1,578.77 at 12.30pm.
Gainers trailed losers by 273 to 306, while 308 counters traded unchanged. Volume was 419.48 million shares valued at RM588.18 million.
The ringgit strengthened 0.29% to 3.0110 versus the US dollar; crude palm oil futures for the third month delivery fell RM14 per tonne to RM3,056, crude oil shed 69 cents to US$94.73 while gold added US$1.40 an ounce to US$1,501.75.
At the regional markets, Japan's Nikkei 225 rose 0.62% to 9,877.05, the Shanghai Composite Index rose 0.38% to 2,772.68, Taiwan's Taiex added 0.96% to 8,735.52, South Korea's Kospi was up 1.18% to 2,125.55 and Singapore's Straits Times Index edged up 0.51% to 3,136.43.
Among the decliners this morning, Yinson and Genting fell 10 sen to RM1.79 and RM11.12, Hong Leong Bank down eight sen to RM13.30, Malayan Flour Mills and See Hup lost seven sen each to RM8.18 and 88 sen, SCIB and Batu Kawan down six sen each to 35 sen and RM17.06, while Tenaga fell three sen to RM6.74.
Gainers were led by MSM that rose 22 sen to RM4.95; Sapura Resources and United PLANTATION []s rose 18 sen each to RM1.18 and RM19.98, DiGi 16 sen to RM29.20, AirAsia 11 sen to RM3.63, Metrod, Tradewinds and BIMB added 10 sen each to RM3.70, RM10.52 and RM2.03 respectively, while SOP rose nine sen to RM3.85.
Meanwhile, RHB Capital and CIMB were in focus in early trade after the Singapore Straits Times, citing sources said the RHB Capital was planning a takeover.
However, RHB Capital shares declined one sen to RM9.15 while CIMB added one to RM8.94 after Bloomberg reported CIMB head of group marketing and communications Effendy Shahul Hamid as saying that it was not in talks to merge with RHB Capital.
Newly-listed Eversendai was the most actively traded counter this morning with 49.33 million shares done. The stock rose four sen to RM1.74.
Other actives included Time, TMS, KBB, Focus, MSM, Ingenuity Solutions, Ideal Jacob, DBE Gurney and Axiata.
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