KUALA LUMPUR (Nov 29): Blue chips closed off their day’s high on Tuesday as investors locked in some gains after a two-day rally in European shares came to a halt though most key regional markets were able to hang on to their gains.
The FBM KLCI closed 13.17 points or 0.92% higher to 1,444.72. Turnover was 1.30 billion shares valued at RM1.56 billion. The broader market was firmer with 471 gainers, 273 losers and 272 stocks unchanged.
Reuters reported European shares fell on Tuesday morning as concern about possible ratings agency downgrades added to pressure on euro zone policymakers battling to resolve the region's debt crisis.
The euro slipped from highs ahead of an Italian bond auction and widespread scepticism over whether European policymakers will be able to prevent debt contagion.
Among the regional markets, Japan’s Nikkei 225 rose 2.3% to 8,477.82, South Korea’s Kospi 2.27% to 1,856.52, Taiwan’s Taiex 1.30% to 6,988.65, Hong Kong’s Hang Seng Index 1.21% to 18,256.20, Shanghai’s Composite Index 1.23% higher at 2,412.39 but Singapore’s STI fell 0.23% to 2,688.10.
Crude palm oil third-month futures rose RM16 to RM3,085 per tonne while the ringgit was firmer against the US dollar at 3.1817 versus the previous close of 3.1832.
At Bursa Malaysia, CIMB rose 31 sen to RM7.05, pushing the index up 5.34 points while Genting’s gains of 48 sen to RM10.50 nudged the index up another 4.11 points. Tenaga rose 10 sen to RM5.44.
Financial stocks were among the winners, with AMMB adding 28 sen to RM5.92, Public Bank 12 sen to RM12.52 and Maybank seven sen to RM8.02.
Nestle and BAT added 50 sen each to RM51.40 and RM45.90 while F&N rose 26 sen to RM18.16. Aeon Credit added 28 sen to RM5.88 and AEON 25 sen to RM7.05.
Sumatec was the most active with 76.57 million shares done, shedding three sen to 28 sen as investors took profit after its announcement about the production sharing contract at an oil field near the Caspian Sea. Sumatec-WA fell 2.5 sen to 15.5 sen.
Petronas Gas fell the most, down 26 sen to RM13, Bursa 12 sen to RM6.36 and TM 11 sen to RM4.25. Harvest fell 18 sen to 79 sen and Harvest-WA 17 sen to 55 sen.
The FBM KLCI closed 13.17 points or 0.92% higher to 1,444.72. Turnover was 1.30 billion shares valued at RM1.56 billion. The broader market was firmer with 471 gainers, 273 losers and 272 stocks unchanged.
Reuters reported European shares fell on Tuesday morning as concern about possible ratings agency downgrades added to pressure on euro zone policymakers battling to resolve the region's debt crisis.
The euro slipped from highs ahead of an Italian bond auction and widespread scepticism over whether European policymakers will be able to prevent debt contagion.
Among the regional markets, Japan’s Nikkei 225 rose 2.3% to 8,477.82, South Korea’s Kospi 2.27% to 1,856.52, Taiwan’s Taiex 1.30% to 6,988.65, Hong Kong’s Hang Seng Index 1.21% to 18,256.20, Shanghai’s Composite Index 1.23% higher at 2,412.39 but Singapore’s STI fell 0.23% to 2,688.10.
Crude palm oil third-month futures rose RM16 to RM3,085 per tonne while the ringgit was firmer against the US dollar at 3.1817 versus the previous close of 3.1832.
At Bursa Malaysia, CIMB rose 31 sen to RM7.05, pushing the index up 5.34 points while Genting’s gains of 48 sen to RM10.50 nudged the index up another 4.11 points. Tenaga rose 10 sen to RM5.44.
Financial stocks were among the winners, with AMMB adding 28 sen to RM5.92, Public Bank 12 sen to RM12.52 and Maybank seven sen to RM8.02.
Nestle and BAT added 50 sen each to RM51.40 and RM45.90 while F&N rose 26 sen to RM18.16. Aeon Credit added 28 sen to RM5.88 and AEON 25 sen to RM7.05.
Sumatec was the most active with 76.57 million shares done, shedding three sen to 28 sen as investors took profit after its announcement about the production sharing contract at an oil field near the Caspian Sea. Sumatec-WA fell 2.5 sen to 15.5 sen.
Petronas Gas fell the most, down 26 sen to RM13, Bursa 12 sen to RM6.36 and TM 11 sen to RM4.25. Harvest fell 18 sen to 79 sen and Harvest-WA 17 sen to 55 sen.
