KUALA LUMPUR: Markets continued its uptrend at mid-day, with all regional bourses trading in the positive.
On the global scene, markets held their breaths as the world waits at the edge of its seat for the apex of the European Union (EU) two-leg summit this Wednesday.
Key indices in the United States climbed between 1.5% and 2.3% on Friday, rallying in expectations of a comprehensive plan to counter the EU sovereign debt crisis.
In its market preview for today, HwangDBS Vickers Research said that “we reckon that the benchmark FBM KLCI will probably trade sideways with a slight positive bias. However, we think the benchmark index is unlikely to break through the immediate resistance level of 1,445”.
It added that counters Damansara Realty Bhd and Dayang Enterprise Holdings Bhd may expect movements today following reports that Johor Corp is looking to inject some of its property assets into its subsidiary Damansara Realty while Murphy Sarawak has awarded Dayang a contract extension estimated at RM50mil to RM100mil.
The FBM KLCI at mid-day trade was at 1459.61 points, up 1.44% with 754.23mil shares traded valued at RM648.31mil. 508 counters gained and 143 lost while 226 remained unchanged.
Top gainers were British American Tobacco (M) which gained 42 sen to RM44.86; Hong Leong Financial Group Bhd, which rose 32 sen to RM11.60 and MISC Bhd which climbed 31 sen to RM6.95.
Top losing counters were Stone Master Corporation Bhd which slid 19.5 sen to RM0.30; Warisan TC Holdings Bhd which shed 10 sen to RM2.21 and UMW Holdings Bhd which dipped 10 sen to RM6.70.
On the regional level, Singapore's Straits Times Index was up 1.98% at 2765.99; Hong Kong's Hang Seng Index rose 3.92% to 18731.74; Seoul's Kospi Index gained 2.81% to 1890.04; Shanghai's A share index dipped 0.35% to 2325.30 and Tokyo's Nikkei 225 was 1.83% better at 8837.51.
Nymex crude oil was quoted at USD88.17 per barrel. Spot gold was USD1644.90 per ounce while silver was USD31.49 per ounce.
The ringgit was quoted at 3.1366 to the USD and 4.3486 to the euro.
On the global scene, markets held their breaths as the world waits at the edge of its seat for the apex of the European Union (EU) two-leg summit this Wednesday.
Key indices in the United States climbed between 1.5% and 2.3% on Friday, rallying in expectations of a comprehensive plan to counter the EU sovereign debt crisis.
In its market preview for today, HwangDBS Vickers Research said that “we reckon that the benchmark FBM KLCI will probably trade sideways with a slight positive bias. However, we think the benchmark index is unlikely to break through the immediate resistance level of 1,445”.
It added that counters Damansara Realty Bhd and Dayang Enterprise Holdings Bhd may expect movements today following reports that Johor Corp is looking to inject some of its property assets into its subsidiary Damansara Realty while Murphy Sarawak has awarded Dayang a contract extension estimated at RM50mil to RM100mil.
The FBM KLCI at mid-day trade was at 1459.61 points, up 1.44% with 754.23mil shares traded valued at RM648.31mil. 508 counters gained and 143 lost while 226 remained unchanged.
Top gainers were British American Tobacco (M) which gained 42 sen to RM44.86; Hong Leong Financial Group Bhd, which rose 32 sen to RM11.60 and MISC Bhd which climbed 31 sen to RM6.95.
Top losing counters were Stone Master Corporation Bhd which slid 19.5 sen to RM0.30; Warisan TC Holdings Bhd which shed 10 sen to RM2.21 and UMW Holdings Bhd which dipped 10 sen to RM6.70.
On the regional level, Singapore's Straits Times Index was up 1.98% at 2765.99; Hong Kong's Hang Seng Index rose 3.92% to 18731.74; Seoul's Kospi Index gained 2.81% to 1890.04; Shanghai's A share index dipped 0.35% to 2325.30 and Tokyo's Nikkei 225 was 1.83% better at 8837.51.
Nymex crude oil was quoted at USD88.17 per barrel. Spot gold was USD1644.90 per ounce while silver was USD31.49 per ounce.
The ringgit was quoted at 3.1366 to the USD and 4.3486 to the euro.
