KUALA LUMPUR: The FBM KLCI edged above the 1,440-point level on Thursday, Sept 15 in line with the gains at key regional markets.
However, trading sentiment remained cautious ahead of the long weekend, with the stock market closed on Friday for the Malaysia Day holiday.
Asian stocks bounced on Thursday yet investors remained wary that obstacles which policymakers face in Europe could weigh on the euro and Asian currencies in the medium term, according to Reuters.
The FBM KLCI added 4.31 points to 1,441.92 at 10am, lifted by gains at select blue chips.
Gainers led losers by 223 to 91, while 170 counters traded unchanged. Volume was thin with 85.73 million shares valued at RM105.53 million.
At the regional markets, Japan's Nikkei 225 rose 1.67% to 8,660.93, Taiwan's Taiex gained 2.10% to 7,380.38, South Korea's Kospi up 1.50% to 1,775.37, Hong Kong's Hang Seng Index was up 0.47% to 19,135.90 and Singapore's Straits Times Index edged up 0.41% to 2,750.64.
Meanwhile, the Shanghai Composite Index slipped 0.13% to 2,481.52.
BIMB Securities Research in a note Sept 15 said positive remarks from European leaders on Greece had somewhat soothed investors anxiety on the country.
This was a welcome development as damaging rumours coupled with Moody's downgrade on SocGen and Credit Agricole had earlier threatened to derail the European markets, it said.
Underpinned by the positive European markets, Wall Street itself experienced a relief rally with a 140 point gain, it said.
'Regionally, trading were mixed pre-empted by Greece's problems and may see a rebound today following the encouraging news overnight.
'As for Malaysia, it was indeed surprising to see the FBM KLCI dipping below the 1,440 level yesterday and would expect the index to stage a meaningful rebound today revisiting the 1,450 target,' it said.
On Bursa Malaysia, the top gainer at mid-morning was KLK that rose 38 sen to RM21.50; DiGi added 24 sen to RM30.98, Nestle 22 sen to RM50, Malayan Flour Mills 14 sen to RM7.02, Petronas Dagangan and Tradewinds 12 sen each to RM17.36 and RM8.90, DKSH and Bonia 10 sen each to RM1.63 and RM1.60, while TSH and Parkson gained nine sen each to RM3.12 and RM5.43.
Systech was the most actively traded counter with 9.68 million shares done. The stock added half a sen to 26 sen.
Other actives included E&O, Tejari, LBS, UEM Land, PLUS, Tiger and GPRO.
Decliners at mid-morning included Asia File, Hong Leong Bank, F&N, Harrisons, Boustead and Genting PLANTATION []s.
However, trading sentiment remained cautious ahead of the long weekend, with the stock market closed on Friday for the Malaysia Day holiday.
Asian stocks bounced on Thursday yet investors remained wary that obstacles which policymakers face in Europe could weigh on the euro and Asian currencies in the medium term, according to Reuters.
The FBM KLCI added 4.31 points to 1,441.92 at 10am, lifted by gains at select blue chips.
Gainers led losers by 223 to 91, while 170 counters traded unchanged. Volume was thin with 85.73 million shares valued at RM105.53 million.
At the regional markets, Japan's Nikkei 225 rose 1.67% to 8,660.93, Taiwan's Taiex gained 2.10% to 7,380.38, South Korea's Kospi up 1.50% to 1,775.37, Hong Kong's Hang Seng Index was up 0.47% to 19,135.90 and Singapore's Straits Times Index edged up 0.41% to 2,750.64.
Meanwhile, the Shanghai Composite Index slipped 0.13% to 2,481.52.
BIMB Securities Research in a note Sept 15 said positive remarks from European leaders on Greece had somewhat soothed investors anxiety on the country.
This was a welcome development as damaging rumours coupled with Moody's downgrade on SocGen and Credit Agricole had earlier threatened to derail the European markets, it said.
Underpinned by the positive European markets, Wall Street itself experienced a relief rally with a 140 point gain, it said.
'Regionally, trading were mixed pre-empted by Greece's problems and may see a rebound today following the encouraging news overnight.
'As for Malaysia, it was indeed surprising to see the FBM KLCI dipping below the 1,440 level yesterday and would expect the index to stage a meaningful rebound today revisiting the 1,450 target,' it said.
On Bursa Malaysia, the top gainer at mid-morning was KLK that rose 38 sen to RM21.50; DiGi added 24 sen to RM30.98, Nestle 22 sen to RM50, Malayan Flour Mills 14 sen to RM7.02, Petronas Dagangan and Tradewinds 12 sen each to RM17.36 and RM8.90, DKSH and Bonia 10 sen each to RM1.63 and RM1.60, while TSH and Parkson gained nine sen each to RM3.12 and RM5.43.
Systech was the most actively traded counter with 9.68 million shares done. The stock added half a sen to 26 sen.
Other actives included E&O, Tejari, LBS, UEM Land, PLUS, Tiger and GPRO.
Decliners at mid-morning included Asia File, Hong Leong Bank, F&N, Harrisons, Boustead and Genting PLANTATION []s.
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