KUALA LUMPUR (Jan 4): The FBM KLCI pared down it gains at the mid-day break on Wednesday as the Hong Kong and China markets retreated into negative territory, while other markets saw limited gains.
Hong Kong shares reversed early gains to finish lower at midday on Wednesday, underperforming Asian peers, with lackluster turnover suggesting investors were cautious, refraining from chasing recent gains, according to Reuters.
Mainland Chinese markets reopened after a New Year holiday to an ambivalent start despite expectations that some favourable policy news over the long weekend could boost sentiment. Weakness in China weighed on Hong Kong, Reuters cited traders as saying.
The FBMKLCI was up 1.21 points to 1,514.75 at 12.30pm, lifted by gains at select blue chips. The index had earlier risen to its intra-morning high of 1,525.14.
Gainers led losers by 377 to 269, while 306 counters traded unchanged. Volume was 958.42 million shares valued at RM782.15 million.
The ringgit strengthened 0.38% to 3.1388 versus the US dollar; crude palm oil futures for the third month delivery fell RM23 per tonne to RM3,198, crude oil shed 17 cents per barrel to US$102.79 while gold lost US$4.50 an ounce to US$1,599.00.
At the regional markets, Japan’s Nikkei 225 was up 1.32% to 8,566.67, Singapore’s Straits Times Index added 0.54% to 2,702.87, Taiwan’s Taiex rose 0.32% to 7,075.94 and South Korea’s Kospi edged up 0.01% to 1,875.57.
Meanwhile, Hong Kong’s Hang Seng index fell 0.29% to 18,822.68 and the Shanghai Composite Index shed 0.22% to 2,194.67.
On Bursa Malaysia, Dutch Lady was the top gainer at the mid-day break and was up 78 sen to RM24.20.
Other gainers included KLK that rose 60 sen to RM23.60, BAT 44 sen to RM49.88, Batu Kawan 40 sen to RM17.90, BHIC 22 sen to RM3.84, Shell 15 sen to RM9.30, MISC 13 sen to RM5.73, Ajiya and Jaya Tiasa up 12 sen each to RM1.75 and RM7.02, while LPI Capital added 10 sen to RM13.78.
Among the decliners, Petronas Dagangan fell 22 sen to RM17.22, GAB down 12 sen to RM13.22, Kluang 11 sen to RM2.54, AIC 10 sen to RM1.20, Iretex nine sen to 91 sen, while Tradewinds, Asdion and UEM Land lost seven each to RM9.90, 35 sen and RM2.31 respectively.
The actives included HWGB, JCY, Maxbiz, Envair, XDL, Karambunai and Nextnation.
Hong Kong shares reversed early gains to finish lower at midday on Wednesday, underperforming Asian peers, with lackluster turnover suggesting investors were cautious, refraining from chasing recent gains, according to Reuters.
Mainland Chinese markets reopened after a New Year holiday to an ambivalent start despite expectations that some favourable policy news over the long weekend could boost sentiment. Weakness in China weighed on Hong Kong, Reuters cited traders as saying.
The FBMKLCI was up 1.21 points to 1,514.75 at 12.30pm, lifted by gains at select blue chips. The index had earlier risen to its intra-morning high of 1,525.14.
Gainers led losers by 377 to 269, while 306 counters traded unchanged. Volume was 958.42 million shares valued at RM782.15 million.
The ringgit strengthened 0.38% to 3.1388 versus the US dollar; crude palm oil futures for the third month delivery fell RM23 per tonne to RM3,198, crude oil shed 17 cents per barrel to US$102.79 while gold lost US$4.50 an ounce to US$1,599.00.
At the regional markets, Japan’s Nikkei 225 was up 1.32% to 8,566.67, Singapore’s Straits Times Index added 0.54% to 2,702.87, Taiwan’s Taiex rose 0.32% to 7,075.94 and South Korea’s Kospi edged up 0.01% to 1,875.57.
Meanwhile, Hong Kong’s Hang Seng index fell 0.29% to 18,822.68 and the Shanghai Composite Index shed 0.22% to 2,194.67.
On Bursa Malaysia, Dutch Lady was the top gainer at the mid-day break and was up 78 sen to RM24.20.
Other gainers included KLK that rose 60 sen to RM23.60, BAT 44 sen to RM49.88, Batu Kawan 40 sen to RM17.90, BHIC 22 sen to RM3.84, Shell 15 sen to RM9.30, MISC 13 sen to RM5.73, Ajiya and Jaya Tiasa up 12 sen each to RM1.75 and RM7.02, while LPI Capital added 10 sen to RM13.78.
Among the decliners, Petronas Dagangan fell 22 sen to RM17.22, GAB down 12 sen to RM13.22, Kluang 11 sen to RM2.54, AIC 10 sen to RM1.20, Iretex nine sen to 91 sen, while Tradewinds, Asdion and UEM Land lost seven each to RM9.90, 35 sen and RM2.31 respectively.
The actives included HWGB, JCY, Maxbiz, Envair, XDL, Karambunai and Nextnation.
