Share prices on Bursa Malaysia were higher at midday today on buying interest, following the overnight gains on Wall Street, dealers said.
At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 8.09 points higher at 1,470.46. It had opened 8.48 points higher at 1,470.85.
However, gains were capped amid worries over the European debt crisis, that could tip the global economy into recession, dealers said.
HwangDBS Vickers Research said the local bourse staged a technical rebound after seeing red yesterday and reckoned that the key index may struggle to overcome its immediate resistance level of 1,475 moving ahead.
"Essentially, buying interest is expected to return, following positive overnight developments from abroad," the research house said.
It said key US equity indices rose between 1.8 per cent and 2.2 per cent at the closing bell as the European Central Bank cut interest rates.
Meanwhile, a Greek minister said there would not be a public referendum, to vote on the country's bailout package.
Back home, gainers led losers 524 to 126 while 200 counters were unchanged,622 untraded and 21 others suspended. Volume stood at 1.43 billion shares worth RM673.9 million.
The Finance Index rose 63.271 points to 13,214.32 and the Plantation Index added 6.4 points to 7,477.71 while the Industrial Index gained 11.32 points to 2,690.02.
The FBM Emas Index advanced 63.2 points to 10,034.48, the FBM Mid 70 Index surged 83.41 points to 10,833.07 and the FBM Ace Index jumped 181.25 points to 4,226.1.
Among active stocks, Karambunai added 3 sen to 22 sen, Harvest-Wa rose 16.5 sen to 75 sen and Harvest rose 19 sen to 83 sen.
For the bluechips, Maybank gained 2 sen to RM8.24, CIMB added 9 sen to RM7.25 and Sime Darby earned 2 sen to RM8.78. -- Bernama
At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 8.09 points higher at 1,470.46. It had opened 8.48 points higher at 1,470.85.
However, gains were capped amid worries over the European debt crisis, that could tip the global economy into recession, dealers said.
HwangDBS Vickers Research said the local bourse staged a technical rebound after seeing red yesterday and reckoned that the key index may struggle to overcome its immediate resistance level of 1,475 moving ahead.
"Essentially, buying interest is expected to return, following positive overnight developments from abroad," the research house said.
It said key US equity indices rose between 1.8 per cent and 2.2 per cent at the closing bell as the European Central Bank cut interest rates.
Meanwhile, a Greek minister said there would not be a public referendum, to vote on the country's bailout package.
Back home, gainers led losers 524 to 126 while 200 counters were unchanged,622 untraded and 21 others suspended. Volume stood at 1.43 billion shares worth RM673.9 million.
The Finance Index rose 63.271 points to 13,214.32 and the Plantation Index added 6.4 points to 7,477.71 while the Industrial Index gained 11.32 points to 2,690.02.
The FBM Emas Index advanced 63.2 points to 10,034.48, the FBM Mid 70 Index surged 83.41 points to 10,833.07 and the FBM Ace Index jumped 181.25 points to 4,226.1.
Among active stocks, Karambunai added 3 sen to 22 sen, Harvest-Wa rose 16.5 sen to 75 sen and Harvest rose 19 sen to 83 sen.
For the bluechips, Maybank gained 2 sen to RM8.24, CIMB added 9 sen to RM7.25 and Sime Darby earned 2 sen to RM8.78. -- Bernama
