KUALA LUMPUR: The FBM KLCI advanced at mid-morning on Thursday, Aug 25 in line with the uptrend at key regional markets, following the higher overnight close at Wall Street.
However, gains at the local bourse remain fairly muted ahead of key corporate earnings including that of Maxis Bhd and SIME DARBY BHD [] to be announced later today, as well the impending holiday-shortened week ahead.
Asian markets rose on data on Wednesday showing a rise in new orders for long-lasting U.S. manufactured goods held out hope the ailing economy could dodge a second recession.
Still, the market focus is firmly on a speech by U.S. central bank chief Ben Bernanke on Friday, which some investors hope will contain fresh steps to bolster the economy, according to Reuters.
On Bursa Malaysia, the FBM KLCI was up 0.73 point to 1,469.88 at 10am, lifted by gains at select blue chips.
Gainers led losers by 196 to 133, while 183 counters traded unchanged. Volume was 148.13 million shares valued at RM281.62 million.
At the regional markets, Japan's Nikkei 225 rose 1.43% to 8,763.16, Hong Kong's Hang Seng added 1.70% to 19,797.74, South Korea's Kospi gained 1.66% to 1,783.95, Singapore's Straits Times Index was up 1.07% to 2,749.11, the Shanghai Composite Index added 0.59% to 2,556.08 and Taiwan's Taiex edged up 0.18% to 7,516.09.
On Bursa Malaysia, BAT was the top gainer at mid-morning and rose RM1.12 to RM44.62; Shell added 34 sen to RM10.34, Petronas Dagangan 30 sen to RM17.50, PPB 20 sen to RM17.08, MISC and Genting 13 sen each to RM7,05 and RM9,65, EPIC and Malayan Flour Mills 11 sen each to RM3.04 and RM7.38, HLFg 10 sen to RM12.18 and Bernas nine sen to RM2.89.
CIMB was the most actively traded counter with 14.7 million shares done. The stock fell 22 sen to RM7.38.
Other actives included HWGB, MUI, PLUS, Axiata, Jotech and E&O.
Decliners included F&N, QSR, Axiata, Pos Malaysia, Top Glove, RHB Capital and Boustead.
''
However, gains at the local bourse remain fairly muted ahead of key corporate earnings including that of Maxis Bhd and SIME DARBY BHD [] to be announced later today, as well the impending holiday-shortened week ahead.
Asian markets rose on data on Wednesday showing a rise in new orders for long-lasting U.S. manufactured goods held out hope the ailing economy could dodge a second recession.
Still, the market focus is firmly on a speech by U.S. central bank chief Ben Bernanke on Friday, which some investors hope will contain fresh steps to bolster the economy, according to Reuters.
On Bursa Malaysia, the FBM KLCI was up 0.73 point to 1,469.88 at 10am, lifted by gains at select blue chips.
Gainers led losers by 196 to 133, while 183 counters traded unchanged. Volume was 148.13 million shares valued at RM281.62 million.
At the regional markets, Japan's Nikkei 225 rose 1.43% to 8,763.16, Hong Kong's Hang Seng added 1.70% to 19,797.74, South Korea's Kospi gained 1.66% to 1,783.95, Singapore's Straits Times Index was up 1.07% to 2,749.11, the Shanghai Composite Index added 0.59% to 2,556.08 and Taiwan's Taiex edged up 0.18% to 7,516.09.
On Bursa Malaysia, BAT was the top gainer at mid-morning and rose RM1.12 to RM44.62; Shell added 34 sen to RM10.34, Petronas Dagangan 30 sen to RM17.50, PPB 20 sen to RM17.08, MISC and Genting 13 sen each to RM7,05 and RM9,65, EPIC and Malayan Flour Mills 11 sen each to RM3.04 and RM7.38, HLFg 10 sen to RM12.18 and Bernas nine sen to RM2.89.
CIMB was the most actively traded counter with 14.7 million shares done. The stock fell 22 sen to RM7.38.
Other actives included HWGB, MUI, PLUS, Axiata, Jotech and E&O.
Decliners included F&N, QSR, Axiata, Pos Malaysia, Top Glove, RHB Capital and Boustead.
''
No comments:
Post a Comment