Monday 20 February 2012

Key markets up on Greece optimism, China policy

KUALA LUMPUR: Key regional markets including Bursa Malaysia rose on Monday as investors’ risk appetite improved after China's easing policy and confidence that Greece would secure its second bailout.

At midday, the FBM KLCI was up 3.94 points or 0.25% to 1,561.09. Volume traded was 991.2 million shares valued at RM687.6 million. Gainers beat losers 372 to 307 while 348 counters remained unchanged.

Japan's Nikkei 225 rose 0.92% to 9,470.72, Shanghai's Composite Index 0.88% to 2,377.96, Taiwan's Taeix Index 0.73% to 7,952.32, Hong Kong's Hang Seng Index 0.68% to 21,638.05, Singapore's Straits Index 0.40% to 3,012.74 and South Korea's Kospi 0.17% to 2,026.96.

US light crude oil rose US$1.72 to US$104.96 per barrel and Brent crude US$1.51 higher to US$121.09 while the ringgit strengthened to 3.0027 against the US dollar.

At Bursa Malaysia, the top gainers included Aeon, up 38 sen to RM8.08, Oriental Holdings 30 sen to RM5.65 and Cypark up 19 sen to RM2.07.

Maybank rose 8.0 sen to RM8.64, nudging the KLCI up by 1.42 points, RHB Capital gained 14 sen to RM7.49, Public Bank four sen to RM13.74 and CIMB one sen to RM7.29.

Petronas Chemicals added 10 sen to RM6.98, pushing the index up by 1.01 points. GENTING BHD [] added six sen to RM10.70 and Maxis five sen to RM5.80.

Green Ocean was the most active with 51.16 million shares done. It added three sen to 25.5 sen. The company was queried by Bursa Securities following the sharp rise in price and high volume recently.

Envair also saw active trade, adding 1.5 sen to 28 sen with 18.34 million units done.

Among the losers were, Dutch Lady, down 60 sen to RM25.16 but with only 600 shares done, Shell Refining 10 sen to RM9.70 after posting losses.

Ewein lost 19 sen to 80 sen, Boxpak 15 sen to RM2.21 and Malpac 14 sen to RM1.50 in thin trade.



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