KUALA LUMPUR (Nov 29): Fund buying of banks and GENTING BHD [] sparked a rally on Bursa Malaysia on Tuesday, sending the FBM KLCI up more than 22 points or 1.55% as the local market played catch-up with other regional markets and Wall Street.
At 12.30pm, the KLCI was up 22.26 points to 1,453.81. Turnover was 654.66 million shares valued at RM724.89 million. There were 450 gainers, 182 losers and 232 stocks unchanged.
Crude palm oil futures fell RM9 to RM3,060 per tonne while US light crude oil slipped 61 cents to US$97.60 per barrel while the ringgit was quoted at 3.1805 to the US dollar.
Among the key regional markets, Japan’s Nikkei 225 rose 1.29% to 8,394.14, Hong Kong’s Hang Seng Index 0.46% to 18,121.46 and Shanghai’s Composite Index 0.55% higher at 2,396.04. Taiwan’s Taiex added 1.05% to 6,960.96 and South Korea’s Kospi 1.94% to 1,850.48 but Singapore’s Straits Times Index fell 0.17% to 2,689.79.
At Bursa Malaysia, financial stocks were the major gainers as funds bought them on hopes of a recovery. HLFG rose 56 sen to RM11.73, CIMB 31 sen to RM7.05, AMMB 24 sen to RM5.88, Public Bank 12 sen to RM12.52 and Maybank 11 sen to RM8.06.
BAT was the top gainer, up RM1.10 to RM46.50 with 78,200 shares done. Genting rose 48 sen to RM10.50 while Sime Darby gained 18 sen to RM8.84. Proton was nine sen higher to RM3.17 on rising speculation of a takeover.
Sumatec was the most active with 34.91 million shares done with its warrants shed 0.5 sen to 17.5 sen with 20.54 units done.
During the midday break, Sumatec announced that it picked by Markmore Energy (Labuan) Ltd (MELL), which is controlled by Tan Sri Halim Saad, for a production sharing contract at an oil field near the Caspian Sea.
Harvest was the top loser, down 21 sen to RM76 sen while the warrants fell 17 sen to 55 sen. Other decliners were Delloyd, down 14 sen to RM3.32, Fibon 9.5 sen to 40.5 sen and Shangri-la eight sen to RM2.12.
At 12.30pm, the KLCI was up 22.26 points to 1,453.81. Turnover was 654.66 million shares valued at RM724.89 million. There were 450 gainers, 182 losers and 232 stocks unchanged.
Crude palm oil futures fell RM9 to RM3,060 per tonne while US light crude oil slipped 61 cents to US$97.60 per barrel while the ringgit was quoted at 3.1805 to the US dollar.
Among the key regional markets, Japan’s Nikkei 225 rose 1.29% to 8,394.14, Hong Kong’s Hang Seng Index 0.46% to 18,121.46 and Shanghai’s Composite Index 0.55% higher at 2,396.04. Taiwan’s Taiex added 1.05% to 6,960.96 and South Korea’s Kospi 1.94% to 1,850.48 but Singapore’s Straits Times Index fell 0.17% to 2,689.79.
At Bursa Malaysia, financial stocks were the major gainers as funds bought them on hopes of a recovery. HLFG rose 56 sen to RM11.73, CIMB 31 sen to RM7.05, AMMB 24 sen to RM5.88, Public Bank 12 sen to RM12.52 and Maybank 11 sen to RM8.06.
BAT was the top gainer, up RM1.10 to RM46.50 with 78,200 shares done. Genting rose 48 sen to RM10.50 while Sime Darby gained 18 sen to RM8.84. Proton was nine sen higher to RM3.17 on rising speculation of a takeover.
Sumatec was the most active with 34.91 million shares done with its warrants shed 0.5 sen to 17.5 sen with 20.54 units done.
During the midday break, Sumatec announced that it picked by Markmore Energy (Labuan) Ltd (MELL), which is controlled by Tan Sri Halim Saad, for a production sharing contract at an oil field near the Caspian Sea.
Harvest was the top loser, down 21 sen to RM76 sen while the warrants fell 17 sen to 55 sen. Other decliners were Delloyd, down 14 sen to RM3.32, Fibon 9.5 sen to 40.5 sen and Shangri-la eight sen to RM2.12.
