Share prices on Bursa Malaysia continued to rally in early trading today with the FTSE Bursa Malaysia KLCI (FBM KLCI) opening 3.44 points higher at 1,453.46.
At 9.18am, the key index was up 5.55 points to 1,455.57, in line with the positive movement in regional markets.
HwangDBS Vickers Research said the major US equity indices jumped between 0.9 per cent and 1.3 per cent yesterday, lifted by higher-than-expected earnings from Caterpillar.
It added the market sentiment has also improved on optimism that the European Union (EU) is moving towards resolving the region’s sovereign debt crisis.
"Taking cue from the gains on Wall Street and European markets, the benchmark FBM KLCI will probably extend its recovery today.
"Nevertheless, the key barometer is unlikely to break through the immediate resistance hurdle of 1,475 anytime soon," the research house said.
The Finance Index rose 68.859 points to 13,169.35 while the Plantation Index added 49.86 points to 7,404.56.
The FBM Emas improved 35.55 points to 9,920.24, the FBMT100 increased 36.34 points to 9,736.63 and the FBM70 was up by 36.54 points to 10,644.97 while the FBM Ace added 19.76 points to 4,036.66.
Gainers led losers by 168 to 62 while 132 counters were unchanged. Volume stood at 86.34 million lots valued at RM44.25 million.
For the active counters, The Media Shoppe fell half-a-sen to 10 sen, MAA Group and Time DotCom rose 1.5 sen each to 48.5 sen and 59.5 sen respectively, while Time Engineering was flat at 26 sen.
Among heavyweights, Maybank rose seven sen to RM8.32, Sime Darby gained three sen to RM8.67, CIMB added five sen to RM7.24 while Petronas Chemicals advanced two sen to RM6.18. -- Bernama
At 9.18am, the key index was up 5.55 points to 1,455.57, in line with the positive movement in regional markets.
HwangDBS Vickers Research said the major US equity indices jumped between 0.9 per cent and 1.3 per cent yesterday, lifted by higher-than-expected earnings from Caterpillar.
It added the market sentiment has also improved on optimism that the European Union (EU) is moving towards resolving the region’s sovereign debt crisis.
"Taking cue from the gains on Wall Street and European markets, the benchmark FBM KLCI will probably extend its recovery today.
"Nevertheless, the key barometer is unlikely to break through the immediate resistance hurdle of 1,475 anytime soon," the research house said.
The Finance Index rose 68.859 points to 13,169.35 while the Plantation Index added 49.86 points to 7,404.56.
The FBM Emas improved 35.55 points to 9,920.24, the FBMT100 increased 36.34 points to 9,736.63 and the FBM70 was up by 36.54 points to 10,644.97 while the FBM Ace added 19.76 points to 4,036.66.
Gainers led losers by 168 to 62 while 132 counters were unchanged. Volume stood at 86.34 million lots valued at RM44.25 million.
For the active counters, The Media Shoppe fell half-a-sen to 10 sen, MAA Group and Time DotCom rose 1.5 sen each to 48.5 sen and 59.5 sen respectively, while Time Engineering was flat at 26 sen.
Among heavyweights, Maybank rose seven sen to RM8.32, Sime Darby gained three sen to RM8.67, CIMB added five sen to RM7.24 while Petronas Chemicals advanced two sen to RM6.18. -- Bernama
