KUALA LUMPUR (Jan 10): The FBM KLCI closed marginally higher for the third day running on Wednesday, but gains remained capped in line with the mixed sentiment at regional markets.
The FBM KLCI edged up 0.30 of a point to close at 1,522.29.
Gainers beat losers by 437 to 384, while 301 counters traded unchanged. Volume was 1.91 billion shares valued at RM1.94 billion.
Meanwhile, Europe's persistent debt crisis kept the single currency and global stocks under pressure on Wednesday, threatening to overshadow a slight improvement in the economic outlook that has driven a solid rally in world equity markets, according to Reuters.
European shares hit a one-week closing high on Tuesday, and U.S. stocks reached a five-month peak, after an upbeat forecast by aluminum company Alcoa about the demand outlook for the metal and amid rising hopes of a policy easing in China.
At the regional markets, Hong Kong’s Hang Seng Index rose 0.78% to 19,151.94, Japan’s Nikkei 225 added 0.30% to 8,447.88, Taiwan’s Taiex up 0.13% to 7,188.21 and Singapore’s Straits Times Index rose 1% to 2,747.13.
Meanwhile, the Shanghai Composite Index fell 0.42% to 2,276.05 and South Korea’s Kospi lost 0.41% to 1,845.55.
On Bursa Malaysia, glove makers were in focus on expectations that earnings going forward would see improvement given the outlook for favourable natural rubber prices.
Supermax jumped 39 sen to RM4.32, Kossan 27 sen to RM3.57, Hartalega up 22 sen to RM6.22, Top Glove 19 sen to RM5.25, Adventa 11 sen to RM1.73, Latexx 10 sen to RM2.01 and Rubberex added 3.5 sen to 73 sen.
Other gainers included Malayan Flour Mills that added 22 sen to RM7.40, Dutch Lady 20 sen to RM26.20, Hai-O 19 sen to RM2.16 and Mudajaya 17 sen to RM2.49.
Decliners included PPB and Hibiscus that fell 16 sen each to RM17.04 and RM1.02, Genting and KLK down 14 sen each to RM10.76 and RM24.70, Super Enterprise, OFI and Can-One 13 sen each to 82 sen, RM1.52 and RM1.65, while Sui Wah fell 11 sen to RM1.46.
Takaso was the most actively traded counter with 83.6 million shares done. The stock added half a sen to 25 sen.
Other actives included Mudajaya, Hubline, Hibiscus, Iris Corp and XDL.
The FBM KLCI edged up 0.30 of a point to close at 1,522.29.
Gainers beat losers by 437 to 384, while 301 counters traded unchanged. Volume was 1.91 billion shares valued at RM1.94 billion.
Meanwhile, Europe's persistent debt crisis kept the single currency and global stocks under pressure on Wednesday, threatening to overshadow a slight improvement in the economic outlook that has driven a solid rally in world equity markets, according to Reuters.
European shares hit a one-week closing high on Tuesday, and U.S. stocks reached a five-month peak, after an upbeat forecast by aluminum company Alcoa about the demand outlook for the metal and amid rising hopes of a policy easing in China.
At the regional markets, Hong Kong’s Hang Seng Index rose 0.78% to 19,151.94, Japan’s Nikkei 225 added 0.30% to 8,447.88, Taiwan’s Taiex up 0.13% to 7,188.21 and Singapore’s Straits Times Index rose 1% to 2,747.13.
Meanwhile, the Shanghai Composite Index fell 0.42% to 2,276.05 and South Korea’s Kospi lost 0.41% to 1,845.55.
On Bursa Malaysia, glove makers were in focus on expectations that earnings going forward would see improvement given the outlook for favourable natural rubber prices.
Supermax jumped 39 sen to RM4.32, Kossan 27 sen to RM3.57, Hartalega up 22 sen to RM6.22, Top Glove 19 sen to RM5.25, Adventa 11 sen to RM1.73, Latexx 10 sen to RM2.01 and Rubberex added 3.5 sen to 73 sen.
Other gainers included Malayan Flour Mills that added 22 sen to RM7.40, Dutch Lady 20 sen to RM26.20, Hai-O 19 sen to RM2.16 and Mudajaya 17 sen to RM2.49.
Decliners included PPB and Hibiscus that fell 16 sen each to RM17.04 and RM1.02, Genting and KLK down 14 sen each to RM10.76 and RM24.70, Super Enterprise, OFI and Can-One 13 sen each to 82 sen, RM1.52 and RM1.65, while Sui Wah fell 11 sen to RM1.46.
Takaso was the most actively traded counter with 83.6 million shares done. The stock added half a sen to 25 sen.
Other actives included Mudajaya, Hubline, Hibiscus, Iris Corp and XDL.
