KUALA LUMPUR: The FBM KLCI trimmed its gains in thin trading volume at the mid-day break on Wednesday, Oct 5 in line with the retreat at the key regional markets.
Asian stocks trimmed earlier gains on Wednesday as investors remained sceptical about whether European leaders are going far enough in their efforts to stop the region's sovereign debt woes from sparking a full-blown banking crisis, according to Reuters.
Doubts also grew over the sustainability of a rise in U.S. stocks on Tuesday, which came after Federal Reserve Chairman Ben Bernanke eased concerns over the damage to the U.S. economy from a possible Greek default with a promise of more economic stimulus if needed, it said.
The FBM KLCI was up 0.54% or 7.29 points to 1,368.67 at the mid-day break. The index had earlier risen to its intra-morning high of 1,374.64.
Gainers edged losers by 284 to 219, while 271 counters traded unchanged. Volume was 310.41 million shares valued at RM412.86 million.
The ringgit strengthened 0.39% to 3.1910 versus the US dollar; crude palm oil futures for the third month delivery rose RM9 per tonne to RM2,823, crude oil added US$2.10 per barrel to US$77.77 while gold gained US$4.18 an ounce to US$1,628.13.
At the regional markets, Japan's Nikkei 225 shed 0.79% to 8,389.15, Taiwan's Taiex fell 0.40% to 7,019.54 and South Korea's Kospi lost 2.17% to 1,669.12, while Singapore's Straits Times Index edged up 0.11% to 2,533.88.
On Bursa Malaysia, BAT was the top gainer this morning and was up 36 sen to RM43.78; DiGi gained 34 sen to RM30, Panasonic 32 sen to RM19.20, PPB 22 sen to RM16.28, Top Glove 20 sen to RM4.46, MMHE 18 sen to RM5.19, IJM Corp 13 sen to RM4.67, while QL Resources and JobStreet gained 12 sen each to RM2.72 and RM2.50.
Focus was the most actively traded counter with 14.28 million shares done. The stock gained half a sen to 8.5 sen.
Other actives included GPRO, IRCB, Takaso, Axiata, MAA, Palette, DVM, Latexx and Flonic.
Meanwhile, decliners included United PLANTATION []s, BLD Plantations, KLK, Batu Kawan, Ipmuda, Sungei Bagan, SOP and Uzma.
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Asian stocks trimmed earlier gains on Wednesday as investors remained sceptical about whether European leaders are going far enough in their efforts to stop the region's sovereign debt woes from sparking a full-blown banking crisis, according to Reuters.
Doubts also grew over the sustainability of a rise in U.S. stocks on Tuesday, which came after Federal Reserve Chairman Ben Bernanke eased concerns over the damage to the U.S. economy from a possible Greek default with a promise of more economic stimulus if needed, it said.
The FBM KLCI was up 0.54% or 7.29 points to 1,368.67 at the mid-day break. The index had earlier risen to its intra-morning high of 1,374.64.
Gainers edged losers by 284 to 219, while 271 counters traded unchanged. Volume was 310.41 million shares valued at RM412.86 million.
The ringgit strengthened 0.39% to 3.1910 versus the US dollar; crude palm oil futures for the third month delivery rose RM9 per tonne to RM2,823, crude oil added US$2.10 per barrel to US$77.77 while gold gained US$4.18 an ounce to US$1,628.13.
At the regional markets, Japan's Nikkei 225 shed 0.79% to 8,389.15, Taiwan's Taiex fell 0.40% to 7,019.54 and South Korea's Kospi lost 2.17% to 1,669.12, while Singapore's Straits Times Index edged up 0.11% to 2,533.88.
On Bursa Malaysia, BAT was the top gainer this morning and was up 36 sen to RM43.78; DiGi gained 34 sen to RM30, Panasonic 32 sen to RM19.20, PPB 22 sen to RM16.28, Top Glove 20 sen to RM4.46, MMHE 18 sen to RM5.19, IJM Corp 13 sen to RM4.67, while QL Resources and JobStreet gained 12 sen each to RM2.72 and RM2.50.
Focus was the most actively traded counter with 14.28 million shares done. The stock gained half a sen to 8.5 sen.
Other actives included GPRO, IRCB, Takaso, Axiata, MAA, Palette, DVM, Latexx and Flonic.
Meanwhile, decliners included United PLANTATION []s, BLD Plantations, KLK, Batu Kawan, Ipmuda, Sungei Bagan, SOP and Uzma.
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