KUALA LUMPUR (Jan 26): The FBM KLCI edged above the 1,520 level at the mid-day break on Thursday, while regional markets were mixed with Japan’s Nikkei 225 slipping into the red.
The FBM KLCI rose 1.97 points to 1,521.73 at the mid-day break, lifted by select blue chips.
Gainers led losers by 376 to 237, while 307 counters traded unchanged. Volume was 1.09 billion shares valued at RM741.04 million.
The ringgit strengthened 1.28% to 3.3087 versus the US dollar; crude palm oil futures for the third month delivery fell RM35 per tonne to RM3,134, crude oil gained 55 cents per barrel to US$99.95 while gold added US$1.75 an ounce to US$1,712.32.
At the regional markets, Hong Kong’s Hang Seng Index was up 1.16% to 20,342.70 and South Korea’s Kospi gained 0.16% to 1,955.40, while Japan’s Nikkei 225 fell 0.32% to 8,855.39 and Singapore’s Straits Times Index lost 0.26% to 2,883.99.
The China and Taiwan stock markets are closed for the Chinese New Year holidays.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note to clients early Thursday had said that the FBM KLCI’s resistance areas of 1,519 and 1,531 may cap market gains, whilst obvious support areas may be located at 1,500 and 1,517.
“Despite the US markets’ positive tone last night, we could be in for yet another range bound trading day after the Chinese New Year holidays,” he said.
On Bursa Malaysia, United PLANTATION []s added 28 sen to RM20.50, MISC 23 sen to RM6.13, Nestle 20 sen to RM56.30, Hong Leong Bank, Boxpak and Batu Kawan 18 sen each to RM11.48, RM2.35 and RM18.98 respectively, TDM and Maybulk 16 sen each to RM4.37 and RM2.46, DRB-Hicom 14 sen to RM2.44 while Tradewinds gained 11 sen to RM9.95.
DBE Gurney was the most actively trade counter with 109 million shares done. The stock added 1.5 sen to 14 sen.
Other actives included Karyon, DRB-Hicom, JCY, Wijaya and Hibiscus.
Decliners included Triplc, APM Automotive, Dutch Lady, Fima Corp, Malayan Flour Mills, DKSH and Inno.
The FBM KLCI rose 1.97 points to 1,521.73 at the mid-day break, lifted by select blue chips.
Gainers led losers by 376 to 237, while 307 counters traded unchanged. Volume was 1.09 billion shares valued at RM741.04 million.
The ringgit strengthened 1.28% to 3.3087 versus the US dollar; crude palm oil futures for the third month delivery fell RM35 per tonne to RM3,134, crude oil gained 55 cents per barrel to US$99.95 while gold added US$1.75 an ounce to US$1,712.32.
At the regional markets, Hong Kong’s Hang Seng Index was up 1.16% to 20,342.70 and South Korea’s Kospi gained 0.16% to 1,955.40, while Japan’s Nikkei 225 fell 0.32% to 8,855.39 and Singapore’s Straits Times Index lost 0.26% to 2,883.99.
The China and Taiwan stock markets are closed for the Chinese New Year holidays.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note to clients early Thursday had said that the FBM KLCI’s resistance areas of 1,519 and 1,531 may cap market gains, whilst obvious support areas may be located at 1,500 and 1,517.
“Despite the US markets’ positive tone last night, we could be in for yet another range bound trading day after the Chinese New Year holidays,” he said.
On Bursa Malaysia, United PLANTATION []s added 28 sen to RM20.50, MISC 23 sen to RM6.13, Nestle 20 sen to RM56.30, Hong Leong Bank, Boxpak and Batu Kawan 18 sen each to RM11.48, RM2.35 and RM18.98 respectively, TDM and Maybulk 16 sen each to RM4.37 and RM2.46, DRB-Hicom 14 sen to RM2.44 while Tradewinds gained 11 sen to RM9.95.
DBE Gurney was the most actively trade counter with 109 million shares done. The stock added 1.5 sen to 14 sen.
Other actives included Karyon, DRB-Hicom, JCY, Wijaya and Hibiscus.
Decliners included Triplc, APM Automotive, Dutch Lady, Fima Corp, Malayan Flour Mills, DKSH and Inno.
