KUALA LUMPUR (Nov 4): The local stock market was broadly higher at midday on Friday, following encouraging regional bourses while September’s stronger exports should bolster buying sentiment in the meantime. DiGi and Genting were among the major gainers.
At 12.30pm, the FBM KLCI was up 8.09 points to 1,470.46, snapping its three straight days of losses following the Greek debt rescue impasse. Turnover was 1.43 billion shares valued at RM673.89 million. Advancing counters beat decliners 524 to 126 while 200 stocks were unchanged.
Among the regional markets, Japan’s Nikkei 225 rose 1.42% to 6,762.94, Hong Konmg’s Hang Seng Index surged 3.31% to 19,880.34, Taiwan’s Taiex 2.09% to 7,615.90 and South Korea’s Kospi 2.89% to 1,924.76 while Singapore’s Straits Times Index advanced 1.6% to 2,855.
Reuters reported that Asian shares rose more than 2% and the euro steadied on Friday on hopes Greece will abandon a proposed referendum on a European Union bailout, but investors remained cautious over a confidence vote scheduled for later in the Greek parliament.
In Malaysia, September’s exports hit RM58.68 billion, up 16.6% from a year ago. Almost all major sectors recorded increases in exports in September. Total exports in September rose RM8.36 billion, of which 50% was from the manufactured exports.
DiGi was the top gainer, up 68 sen to RM33.16, Genting 26 sen to RM10.26, RHB Cap 16 sen to RM7.45 and Tasek 14 sen to RM7.84.
ARK Resources jumped after it was lifted from the Practice Note 17 classification. Its shares rose 19 sen to 52.5 sen and the warrants 16 sen to 36 sen.
Among the decliners were Lingui, down 11 sen to RM1.43 after posting losses. PLANTATION []s stocks fell, with KLK and BLD Plantations down 10 sen each to RM21.04 and RM6.60 while IJM Plantations gave up five sen to RM2.63.
At 12.30pm, the FBM KLCI was up 8.09 points to 1,470.46, snapping its three straight days of losses following the Greek debt rescue impasse. Turnover was 1.43 billion shares valued at RM673.89 million. Advancing counters beat decliners 524 to 126 while 200 stocks were unchanged.
Among the regional markets, Japan’s Nikkei 225 rose 1.42% to 6,762.94, Hong Konmg’s Hang Seng Index surged 3.31% to 19,880.34, Taiwan’s Taiex 2.09% to 7,615.90 and South Korea’s Kospi 2.89% to 1,924.76 while Singapore’s Straits Times Index advanced 1.6% to 2,855.
Reuters reported that Asian shares rose more than 2% and the euro steadied on Friday on hopes Greece will abandon a proposed referendum on a European Union bailout, but investors remained cautious over a confidence vote scheduled for later in the Greek parliament.
In Malaysia, September’s exports hit RM58.68 billion, up 16.6% from a year ago. Almost all major sectors recorded increases in exports in September. Total exports in September rose RM8.36 billion, of which 50% was from the manufactured exports.
DiGi was the top gainer, up 68 sen to RM33.16, Genting 26 sen to RM10.26, RHB Cap 16 sen to RM7.45 and Tasek 14 sen to RM7.84.
ARK Resources jumped after it was lifted from the Practice Note 17 classification. Its shares rose 19 sen to 52.5 sen and the warrants 16 sen to 36 sen.
Among the decliners were Lingui, down 11 sen to RM1.43 after posting losses. PLANTATION []s stocks fell, with KLK and BLD Plantations down 10 sen each to RM21.04 and RM6.60 while IJM Plantations gave up five sen to RM2.63.
