KUALA LUMPUR: The FBM KLCI rose 1.3% at mid-morning on Thursday, Oct 6 in line with the gains at key regional markets and higher overnight close at Wall Street.
Global stock'' were by a recovery across a broad range of assets on optimism over Europe's efforts to aid the region's financial sector and U.S. data suggesting the economy could avoid recession, according to Reuters.
The FBM KLCI rose 17.76 points to 1,393.43 at mid-morning, lifted by gains at blue chip stocks.
Gainers beat losers by 312 to 74, while 152 counters traded unchanged. Volume was 207.01 million shares valued at RM250.41 million.
At the regional markets, Hong Kong's Hang Seng Index jumped 4.28% to 16,946.31, South Korea's Kospi rose 3.55% to 1,725.73, Singapore's Straits Times Index added 2.52% to 2,592.32, Taiwan's Taiex was up 2.48% to 7,162.34 and Japan's Nikkei 225 gained 1.58% to 8.515.23.
China's stock market remains closed for a national holiday.
BIMB Securities Research in a note Oct 6 said renewed optimism on Europe's progress to resolve its financial crisis with European policy makers now more resolute to strengthen the ailing European banking sector prompted investors to push the Dow Jones Industrial Average up 130 points to close shy of 11,000.
Even the US 10-year Treasury yield had reverted back to the 1.9% level after a knee jerk reaction that saw yield going down to a low of 1.75%, it said.
European stocks closed stronger with all major bourses ended the session with a gain of between 3-4%, it said.
BIMB Research said Asian equity markets remained entrenched in a selling mode with most closed on a mixed note.
'Locally, the FBM KLCI unexpectedly emerged as the top gainer within the region with a 14 point jump to close at 1,375.67, just below the immediate resistance of 1,380.
'A firmer regional performance should see the benchmark index edging towards the 1,400 level,' it said.
On Bursa Malaysia, Petronas Dagangan was the top gainer at mid-morning and rose 28 sen to RM16.16; AMMB added 26 sen to RM5.85, BLD PLANTATION []s 25 sen to RM5.85, RHB Capital and Panasonic 20 sen each to 6.79 and RM19.50, Maybank 19 sen to RM8.20, DiGi and PPB 18 sen each to RM30.18 and RM15.94, Genting 16 sen to RM9.16 and JT International 15 sen to RM5.90.
MBSB was the most actively traded stock with 14.4 million shares done. The stock gained half a sen to RM1.34.
Other actives included GPRO, Flonic, Malton, Timecom, UEM Land, Karambunai and MAA.
Decliners included GAB, SOP, BAT, Top Glove, Supermax, Proton and Litrak.
Global stock'' were by a recovery across a broad range of assets on optimism over Europe's efforts to aid the region's financial sector and U.S. data suggesting the economy could avoid recession, according to Reuters.
The FBM KLCI rose 17.76 points to 1,393.43 at mid-morning, lifted by gains at blue chip stocks.
Gainers beat losers by 312 to 74, while 152 counters traded unchanged. Volume was 207.01 million shares valued at RM250.41 million.
At the regional markets, Hong Kong's Hang Seng Index jumped 4.28% to 16,946.31, South Korea's Kospi rose 3.55% to 1,725.73, Singapore's Straits Times Index added 2.52% to 2,592.32, Taiwan's Taiex was up 2.48% to 7,162.34 and Japan's Nikkei 225 gained 1.58% to 8.515.23.
China's stock market remains closed for a national holiday.
BIMB Securities Research in a note Oct 6 said renewed optimism on Europe's progress to resolve its financial crisis with European policy makers now more resolute to strengthen the ailing European banking sector prompted investors to push the Dow Jones Industrial Average up 130 points to close shy of 11,000.
Even the US 10-year Treasury yield had reverted back to the 1.9% level after a knee jerk reaction that saw yield going down to a low of 1.75%, it said.
European stocks closed stronger with all major bourses ended the session with a gain of between 3-4%, it said.
BIMB Research said Asian equity markets remained entrenched in a selling mode with most closed on a mixed note.
'Locally, the FBM KLCI unexpectedly emerged as the top gainer within the region with a 14 point jump to close at 1,375.67, just below the immediate resistance of 1,380.
'A firmer regional performance should see the benchmark index edging towards the 1,400 level,' it said.
On Bursa Malaysia, Petronas Dagangan was the top gainer at mid-morning and rose 28 sen to RM16.16; AMMB added 26 sen to RM5.85, BLD PLANTATION []s 25 sen to RM5.85, RHB Capital and Panasonic 20 sen each to 6.79 and RM19.50, Maybank 19 sen to RM8.20, DiGi and PPB 18 sen each to RM30.18 and RM15.94, Genting 16 sen to RM9.16 and JT International 15 sen to RM5.90.
MBSB was the most actively traded stock with 14.4 million shares done. The stock gained half a sen to RM1.34.
Other actives included GPRO, Flonic, Malton, Timecom, UEM Land, Karambunai and MAA.
Decliners included GAB, SOP, BAT, Top Glove, Supermax, Proton and Litrak.
No comments:
Post a Comment