KUALA LUMPUR: Global markets, including Bursa Malaysia, regained some composure and reversed earlier losses to close higher on Tuesday, Aug 23 on the back of encouraging data from China and Germany.
Investors took heart from the flash purchasing managers' indexes from Germany and China, which, although showing the factory sector was likely to slow, indicated the motors of the global economy in recent years were still growing robustly, according to Reuters.
Some investors were also hoping the U.S. Federal Reserve would flag further stimulus when central bankers gather in Jackson Hole, Wyoming, late this week, a year after Chairman Ben Bernanke launched a second round of government bond buying programme, known as quantitative easing, to revive the economy, it said.
The FBM KLCI closed 0.69% or 10.21 points higher at 1,482.37, lifted by gains including at KLK, MISC, HLFG and Genting.
Gainers overtook losers by 488 to 274, while 256 counters traded unchanged. Volume was 875.52 million shares valued at RM1.76 billion.
At the regional markets, Hong Kong's Hang Seng Index rose 1.99% to 19,875.53, the Shanghai Composite Index added 1.52% to 2,554.02, South Korea's Kospi jumped 3.86% to 1,776.68, Taiwan's Taiex added 3.25% to 7,550.23, Japan's Nikkei 225 up 1.22% to 8,733.01 and Singapore's Straits Times Index up 1.22% to 2,765.15.
On Bursa Malaysia, KLK added 26 sen to RM21.52, Lafarge Malayan Cement up 23 sen to RM7.20, MISC and HLFG up 20 sen each to RM7.28 and RM12.26, IOI Corp and Genting 19 sen each to RM4.64 and RM9.70 while SOP and Cepco added 18 sen each to RM4.33 and RM2.18.
Newly listed Sunway Bhd, an entity arising from the merger between SUNWAY HOLDINGS BHD [] and SUNWAY CITY BHD [], made a disappointing debut on Bursa Malaysia and was the top loser today.
The stock fell 31 sen to RM2.49 with 10 million shares traded.
Other losers included F&N that fell 30 sen to RM17.20, Panasonic 26 sen to RM23, Sungei Bagan and Shell 22 sen each to RM2.60 and RM10.04, while Uzma and Supermax lost 14 sen each to RM1.78 and RM2.97.
MUI was the most actively traded counter with 53.8 million shares done. The stock added one sen to 21 sen.
Other actives included Axiata, KNM, Petronas Chemicals, Telekom, DVM, CIMB, Perdana and Dialog.
Investors took heart from the flash purchasing managers' indexes from Germany and China, which, although showing the factory sector was likely to slow, indicated the motors of the global economy in recent years were still growing robustly, according to Reuters.
Some investors were also hoping the U.S. Federal Reserve would flag further stimulus when central bankers gather in Jackson Hole, Wyoming, late this week, a year after Chairman Ben Bernanke launched a second round of government bond buying programme, known as quantitative easing, to revive the economy, it said.
The FBM KLCI closed 0.69% or 10.21 points higher at 1,482.37, lifted by gains including at KLK, MISC, HLFG and Genting.
Gainers overtook losers by 488 to 274, while 256 counters traded unchanged. Volume was 875.52 million shares valued at RM1.76 billion.
At the regional markets, Hong Kong's Hang Seng Index rose 1.99% to 19,875.53, the Shanghai Composite Index added 1.52% to 2,554.02, South Korea's Kospi jumped 3.86% to 1,776.68, Taiwan's Taiex added 3.25% to 7,550.23, Japan's Nikkei 225 up 1.22% to 8,733.01 and Singapore's Straits Times Index up 1.22% to 2,765.15.
On Bursa Malaysia, KLK added 26 sen to RM21.52, Lafarge Malayan Cement up 23 sen to RM7.20, MISC and HLFG up 20 sen each to RM7.28 and RM12.26, IOI Corp and Genting 19 sen each to RM4.64 and RM9.70 while SOP and Cepco added 18 sen each to RM4.33 and RM2.18.
Newly listed Sunway Bhd, an entity arising from the merger between SUNWAY HOLDINGS BHD [] and SUNWAY CITY BHD [], made a disappointing debut on Bursa Malaysia and was the top loser today.
The stock fell 31 sen to RM2.49 with 10 million shares traded.
Other losers included F&N that fell 30 sen to RM17.20, Panasonic 26 sen to RM23, Sungei Bagan and Shell 22 sen each to RM2.60 and RM10.04, while Uzma and Supermax lost 14 sen each to RM1.78 and RM2.97.
MUI was the most actively traded counter with 53.8 million shares done. The stock added one sen to 21 sen.
Other actives included Axiata, KNM, Petronas Chemicals, Telekom, DVM, CIMB, Perdana and Dialog.
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