KUALA LUMPUR: The FBM KLCI extended its gains for the third consecutive day on Friday, Oct 7 and was up 0.5% at the mid-day break, in line with the advance at key regional markets.
Asian stocks rose on Friday and the euro clung to gains from a 2% rally after euro zone policymakers moved to shore up struggling banks and fend off a financial crisis, according to Reuters.
The European Central Bank (ECB) announced aggressive liquidity measures on Thursday, throwing a lifeline to lenders who have seen wholesale funding drying up as market confidence ebbed, and the European Union said it would present a plan for a coordinated recapitalisation of banks by member states, it said.
The FBM KLCI added 6.96 points to 1,400.65, lifted by gains at select blue chips including Petronas Dagangan, Tenaga and Genting.
Gainers led losers by 345 to 234, while 257 counters traded unchanged. Volume was 555.38 million shares valued at RM623.38 million.
The ringgit strengthened 0.63% to 3.1575 versus the US dollar; crude palm oil futures for the third month delivery slipped RM3 per tonne to RM2,805, crude oil rose 32 cents per barrel to US$82.91 while gold jumped US$11.22 an ounce to US$1,662.65.
At the regional markets, Hong Kong's Hang Seng Index jumped 3.53% to 17,778.34, South Korea's Kospi added 2.69% to 1,756.34, Singapore's Straits Times Index gained 2.04% to 2,656.30, Japan's Nikkei 225 rose 1.44% to 8,645.01 and Taiwan's Taiex edged up 1.09% to 7,209.69.
On Bursa Malaysia, Panasonic gained 22 sen to RM19.60, GAB added 20 sen to RM9.90, LPI Capital 18 sen to RM11.96, Jaya Tiasa, Petronas Dagangan and Tenaga rose 16 sen each to RM5.18, RM16.16 and RM5.38 respectively, Petronas Gas and Genting 14 sen each to RM12.80 and RM9.24, while DRB Hicom added 13 sen to RM1.84.
Among the decliners, Dutch Lady fell 28 sen to RM18.02, JobStreet 22 sen to RM2.30, Genting PLANTATION []s 21 sen to RM1.65, Cepco 20 sen to RM1.83, IJM Corp 14 sen to RM4.86, Shell 10 sen to RM9.50 while PLB and Kretam lost nine sen each to 85 sen and RM1.91.
MBSB securities were actively traded, as analysts say the company stood to benefit should there be a wage adjustment in the Budget for civil servants.
MBSB rose 11 sen to RM1.58 with 27.7 million shares done while its warrants rose five sen to 67.5 sen with 51.2 million units done.
Other actives included GPRO, Karambunai, Systech, MAA and Malton.
Asian stocks rose on Friday and the euro clung to gains from a 2% rally after euro zone policymakers moved to shore up struggling banks and fend off a financial crisis, according to Reuters.
The European Central Bank (ECB) announced aggressive liquidity measures on Thursday, throwing a lifeline to lenders who have seen wholesale funding drying up as market confidence ebbed, and the European Union said it would present a plan for a coordinated recapitalisation of banks by member states, it said.
The FBM KLCI added 6.96 points to 1,400.65, lifted by gains at select blue chips including Petronas Dagangan, Tenaga and Genting.
Gainers led losers by 345 to 234, while 257 counters traded unchanged. Volume was 555.38 million shares valued at RM623.38 million.
The ringgit strengthened 0.63% to 3.1575 versus the US dollar; crude palm oil futures for the third month delivery slipped RM3 per tonne to RM2,805, crude oil rose 32 cents per barrel to US$82.91 while gold jumped US$11.22 an ounce to US$1,662.65.
At the regional markets, Hong Kong's Hang Seng Index jumped 3.53% to 17,778.34, South Korea's Kospi added 2.69% to 1,756.34, Singapore's Straits Times Index gained 2.04% to 2,656.30, Japan's Nikkei 225 rose 1.44% to 8,645.01 and Taiwan's Taiex edged up 1.09% to 7,209.69.
On Bursa Malaysia, Panasonic gained 22 sen to RM19.60, GAB added 20 sen to RM9.90, LPI Capital 18 sen to RM11.96, Jaya Tiasa, Petronas Dagangan and Tenaga rose 16 sen each to RM5.18, RM16.16 and RM5.38 respectively, Petronas Gas and Genting 14 sen each to RM12.80 and RM9.24, while DRB Hicom added 13 sen to RM1.84.
Among the decliners, Dutch Lady fell 28 sen to RM18.02, JobStreet 22 sen to RM2.30, Genting PLANTATION []s 21 sen to RM1.65, Cepco 20 sen to RM1.83, IJM Corp 14 sen to RM4.86, Shell 10 sen to RM9.50 while PLB and Kretam lost nine sen each to 85 sen and RM1.91.
MBSB securities were actively traded, as analysts say the company stood to benefit should there be a wage adjustment in the Budget for civil servants.
MBSB rose 11 sen to RM1.58 with 27.7 million shares done while its warrants rose five sen to 67.5 sen with 51.2 million units done.
Other actives included GPRO, Karambunai, Systech, MAA and Malton.
No comments:
Post a Comment