KUALA LUMPUR: Stocks on Bursa Malaysia charged ahead in early trade on Monday, Oct 24, with the FBM KLCI up more than 14 points, underpinned by DiGi and banks, as investors’ sentiment was bolstered by the firmer regional markets as Europe’s debt crisis seemed to have make some headway.
At 9.14am, the KLCI rose 14.54 points to 1,453.37. Turnover was 134.70 million shares valued at RM71.25 million. Gainers swarmed losers 293 to 31 while 87 stocks were unchanged.
Reuters reported Asian stocks rose on Monday and the euro gave back some of the gains it made last week after euro zone leaders made some progress towards a strategy to tackle the region's debt crisis. Traders are now waiting for final details expected to be unveiled later this week.
At a summit on Sunday, European Union leaders neared agreement on bank recapitalisation and on how to use the European Financial Stability Facility to stave off bond market contagion.
At Bursa, BAT rose 36 sen to RM44.80, DiGi 22 sen to RM31.80, Genting PLANTATION []s 19 sen to RM7.49 and GENTING BHD [] 15 sen to RM9.90.
Among Petronas-linked stocks PetGas gained 20 sen to RM13.30 and Petronas Chemicals 13 sen to RM6.14. AMMB rose 17 sen to RM6.02 and Hong Leong Bank 12 sen to RM10.70.
At 9.14am, the KLCI rose 14.54 points to 1,453.37. Turnover was 134.70 million shares valued at RM71.25 million. Gainers swarmed losers 293 to 31 while 87 stocks were unchanged.
Reuters reported Asian stocks rose on Monday and the euro gave back some of the gains it made last week after euro zone leaders made some progress towards a strategy to tackle the region's debt crisis. Traders are now waiting for final details expected to be unveiled later this week.
At a summit on Sunday, European Union leaders neared agreement on bank recapitalisation and on how to use the European Financial Stability Facility to stave off bond market contagion.
At Bursa, BAT rose 36 sen to RM44.80, DiGi 22 sen to RM31.80, Genting PLANTATION []s 19 sen to RM7.49 and GENTING BHD [] 15 sen to RM9.90.
Among Petronas-linked stocks PetGas gained 20 sen to RM13.30 and Petronas Chemicals 13 sen to RM6.14. AMMB rose 17 sen to RM6.02 and Hong Leong Bank 12 sen to RM10.70.
