KUALA LUMPUR (Jan 12): The FBM KLCI struggled to stay in positive territory at mid-morning on Thursday as key regional markets traded mixed following the softer overnight close at Wall Street.
Asian shares were subdued and the euro hovered near a 16-month low on Thursday as worries about euro zone sovereign funding kept investors risk-averse ahead of a Spanish debt sale that is seen as a key test of confidence, according to Reuters.
The FBM KLCI edged up 0.17 of a point at mid-morning.
Gainers led losers by 221 to 197, while 238 counters traded unchanged. Volume was 333.23 million shares valued at RM251.65 million.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note Thursday said the FBM KLCI’s resistance areas of 1,524 and 1,535 may cap market gains, whilst obvious support areas may be located at 1,500 and 1,522.
“Due to the US markets’ quiet tone last night; we could be in for yet another benign day of trading activity,” he said.
At the regional markets, Japan’s Nikkei 225 slipped 0.71% to 8,388.11, Hong Kong’s Hang Seng Index shed 0.14% to 19,124.80, South Korea’s Kospi lost 0.28% to 1,840.38 and Singapore’s Straits Times Index was down 0.16% to 2,742.66.
Meanwhile, the Shanghai Composite Index added 0.07% to 2,277.65 and Taiwan’s Taiex rose 0.08% to 7,194.15.
On Bursa Malaysia, Pos Malaysia was the top gainer at mid-morning and added 14 sen to RM2.71; Kulim added 10 sen to RM4.41, Can-One, Proton and CBIP rose nine sen each to RM1.74, RM5.37 and RM4.84, Jetson and Genting eight sen each to RM1.32 and RM10.84, Ann Joo seven sen to RM1.87 and Sarawak PLANTATION []s six sen to RM2.60.
Among the decliners, Ta Ann fell 40 sen to RM5.20, KLK down 12 sen to RM24.58, Tan Chong nine sen to RM4.20, Shell and Top Glove down seven sen each to RM9.43 and RM5.18, NCB, Ewein and Kossan down six sen each to RM3.86, 79 sen and RM3.51 respectively, while NSOP fell five sen to RM5.55.
The actives included Pos, Proton, OSK, RedTone, Hibiscus and Envair.
Asian shares were subdued and the euro hovered near a 16-month low on Thursday as worries about euro zone sovereign funding kept investors risk-averse ahead of a Spanish debt sale that is seen as a key test of confidence, according to Reuters.
The FBM KLCI edged up 0.17 of a point at mid-morning.
Gainers led losers by 221 to 197, while 238 counters traded unchanged. Volume was 333.23 million shares valued at RM251.65 million.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note Thursday said the FBM KLCI’s resistance areas of 1,524 and 1,535 may cap market gains, whilst obvious support areas may be located at 1,500 and 1,522.
“Due to the US markets’ quiet tone last night; we could be in for yet another benign day of trading activity,” he said.
At the regional markets, Japan’s Nikkei 225 slipped 0.71% to 8,388.11, Hong Kong’s Hang Seng Index shed 0.14% to 19,124.80, South Korea’s Kospi lost 0.28% to 1,840.38 and Singapore’s Straits Times Index was down 0.16% to 2,742.66.
Meanwhile, the Shanghai Composite Index added 0.07% to 2,277.65 and Taiwan’s Taiex rose 0.08% to 7,194.15.
On Bursa Malaysia, Pos Malaysia was the top gainer at mid-morning and added 14 sen to RM2.71; Kulim added 10 sen to RM4.41, Can-One, Proton and CBIP rose nine sen each to RM1.74, RM5.37 and RM4.84, Jetson and Genting eight sen each to RM1.32 and RM10.84, Ann Joo seven sen to RM1.87 and Sarawak PLANTATION []s six sen to RM2.60.
Among the decliners, Ta Ann fell 40 sen to RM5.20, KLK down 12 sen to RM24.58, Tan Chong nine sen to RM4.20, Shell and Top Glove down seven sen each to RM9.43 and RM5.18, NCB, Ewein and Kossan down six sen each to RM3.86, 79 sen and RM3.51 respectively, while NSOP fell five sen to RM5.55.
The actives included Pos, Proton, OSK, RedTone, Hibiscus and Envair.
