KUALA LUMPUR (Jan 26): The FBM KLCI closed firmly higher on Thursday as banking and blue chip counters rallied, while investors also nibbled on lower liner stocks.
The 30-stock index closed 4.10 points higher at 1,523.86.
At the regional markets, Hong Kong’s Hang Seng Index jumped 1.63% to 20,439.14, South Korea’s Kospi edged up 0.25% to 1,957.18 and Singapore’s Straits Times Index edged up 0.10% to 2,894.43, while Japan’s Nikkei 225 fell 0.39% to 8,849.47.
Financial markets in mainland China and Taiwan are shut for the Lunar New Year holiday this week and will resume trading on Monday.
Meanwhile, European shares rose on Thursday, halting two-days of losses, after the U.S. Federal Reserve said interest rates would remain low for a considerably longer period than expected and it was ready to offer additional stimulus to boost economic growth, according to Reuters.
On Bursa Malaysia, Genting PLANTATION []s added 37 sen to RM9.65, Tahps 32 sen to RM4.50, TDM and AutoV 21 sen each to RM4.42 and RM1.86, Batu Kawan, DRB-Hicom and AIC 20 sen each to RM19, RM2.50 and RM1.49, while Boxpak added 19 sen to RM2.36.
Among banking stocks, HLFG added 36 sen to RM12.26, Hong Leong Bank up 30 sen to RM11.60, Public Bank eight sen to RM13.40, AMMB three sen to RM5.82 and Maybank two sen to RM8.22.
DBE Gurney was the most actively traded counter with 130.3 million shares done. The stock added 1.5 sen to 14 sen.
Other actives included Karyon, Hibiscus, JCY, DRB-Hicom and Jotech.
Among the decliners, Dutch Lady fell 20 sen to RM25.58, Malayan Flour Mills 16 sen to RM3.87, Encorp and Nestle 10 sen each to 58 sen and RM56, APM Automotive and Can-One down eight sen each to RM4.60 and RM2.09, Top Glove seven sen to RM5.06, while Inno, Sungei Bagan and KLCCP lost six sen each to RM1.44, RM2.90 and RM3.30 respectively.
The 30-stock index closed 4.10 points higher at 1,523.86.
At the regional markets, Hong Kong’s Hang Seng Index jumped 1.63% to 20,439.14, South Korea’s Kospi edged up 0.25% to 1,957.18 and Singapore’s Straits Times Index edged up 0.10% to 2,894.43, while Japan’s Nikkei 225 fell 0.39% to 8,849.47.
Financial markets in mainland China and Taiwan are shut for the Lunar New Year holiday this week and will resume trading on Monday.
Meanwhile, European shares rose on Thursday, halting two-days of losses, after the U.S. Federal Reserve said interest rates would remain low for a considerably longer period than expected and it was ready to offer additional stimulus to boost economic growth, according to Reuters.
On Bursa Malaysia, Genting PLANTATION []s added 37 sen to RM9.65, Tahps 32 sen to RM4.50, TDM and AutoV 21 sen each to RM4.42 and RM1.86, Batu Kawan, DRB-Hicom and AIC 20 sen each to RM19, RM2.50 and RM1.49, while Boxpak added 19 sen to RM2.36.
Among banking stocks, HLFG added 36 sen to RM12.26, Hong Leong Bank up 30 sen to RM11.60, Public Bank eight sen to RM13.40, AMMB three sen to RM5.82 and Maybank two sen to RM8.22.
DBE Gurney was the most actively traded counter with 130.3 million shares done. The stock added 1.5 sen to 14 sen.
Other actives included Karyon, Hibiscus, JCY, DRB-Hicom and Jotech.
Among the decliners, Dutch Lady fell 20 sen to RM25.58, Malayan Flour Mills 16 sen to RM3.87, Encorp and Nestle 10 sen each to 58 sen and RM56, APM Automotive and Can-One down eight sen each to RM4.60 and RM2.09, Top Glove seven sen to RM5.06, while Inno, Sungei Bagan and KLCCP lost six sen each to RM1.44, RM2.90 and RM3.30 respectively.
