KUALA LUMPUR (Feb 17): Key Asian markets except China were firmer at midday on Friday, as investors were relieved that Greece had finally implemented measures to secure a second bailout.
At Bursa Malaysia, the FBM KLCI rose 7.04 points or 0.45% to 1,557.53. Turnover was 1.21 billion shares valued at RM880.56 million. Advancing stocks beat decliners nearly two to one, with 426 gainers to 232 losers. Rotational play was seen in several penny stocks which had been under the radar for several months such as PDZ, GPA, IPower and Marco.
Among key regional markets, Japan’s Nikkei 225 rose 1.68% to 9,393.50, Hong Kong’s Hang Seng Index added 0.70% to 21,425.90, Taiwan’s Taiex 0.12% to 7,879.30 and South Korea’s Kospi 1.48% to 2,027.05 and Singapore’s Straits Times Index 0.47% to 2,991.23. However, Shanghai’s Composite Index lost 0.14% to 2,353.51.
April Brent crude oil futures rose 17 cents to US$120.28 while US light crude oil added 14 cents to US$102.45.
The ringgit gained 0.0107 to 3,0485 to the US dollar. Crude palm oil third-month futures rose RM22 to RM3,211 per tonne.
At Bursa Malaysia, Tasek was the top gainer, up 49 sen to RM8.49 with 64,500 shares done after it declared dividends totaling 86% despite weaker earnings.
Among the index-linked stocks, GENTING BHD []’s 18 sen gain to RM10.70 pushed the KLCI up 1.57 points.
Tenaga saw some recovery, rising 10 sen to RM6.10 on news that the recommended price of natural gas is being finalised and is scheduled to be presented to the Cabinet by the end of March. The framework will decide how much should be borne by Tenaga, independent power producers (IPPs) and end- consumers.
Sime rose nine sen to RM9.63. Among the banks, HLFG added 22 sen to RM11.76, Maybank four sen to RM8.54, Public Bank six sen to RM13.70 and CIMB two sen to RM7.27.
Among PLANTATION []s, Batu Kawan added 34 sen to RM19.86, TDM 14 sen to RM4.84 and IOI Corp three sen to RM5.44. BLD Plantations fell 28 sen to RM9.72 in thin trade and United Plantations 12 sen lower at RM22.54.
Dialog-WA extended its rally for the third day, adding 17 sen to 83 sen with 62.71 million units.
Rotational play was seen in related penny stocks with PDZ to the fore, adding five sen to 13.5 sen with 95.16 million shares done, GPA 1.5 sen to 10.5 sen and IPower one sen to 5.5 sen and Marco-WA adding one sen to 7.5 sen.
Among the decliners were MUH, sliding as much as 22 sen to 38 sen, while Nestle gave up 16 sen to RM55.34 and BAT 12 sen to RM52.18 while Hartalega gave up some of the recent gains, down eight sen to RM7.74.
At Bursa Malaysia, the FBM KLCI rose 7.04 points or 0.45% to 1,557.53. Turnover was 1.21 billion shares valued at RM880.56 million. Advancing stocks beat decliners nearly two to one, with 426 gainers to 232 losers. Rotational play was seen in several penny stocks which had been under the radar for several months such as PDZ, GPA, IPower and Marco.
Among key regional markets, Japan’s Nikkei 225 rose 1.68% to 9,393.50, Hong Kong’s Hang Seng Index added 0.70% to 21,425.90, Taiwan’s Taiex 0.12% to 7,879.30 and South Korea’s Kospi 1.48% to 2,027.05 and Singapore’s Straits Times Index 0.47% to 2,991.23. However, Shanghai’s Composite Index lost 0.14% to 2,353.51.
April Brent crude oil futures rose 17 cents to US$120.28 while US light crude oil added 14 cents to US$102.45.
The ringgit gained 0.0107 to 3,0485 to the US dollar. Crude palm oil third-month futures rose RM22 to RM3,211 per tonne.
At Bursa Malaysia, Tasek was the top gainer, up 49 sen to RM8.49 with 64,500 shares done after it declared dividends totaling 86% despite weaker earnings.
Among the index-linked stocks, GENTING BHD []’s 18 sen gain to RM10.70 pushed the KLCI up 1.57 points.
Tenaga saw some recovery, rising 10 sen to RM6.10 on news that the recommended price of natural gas is being finalised and is scheduled to be presented to the Cabinet by the end of March. The framework will decide how much should be borne by Tenaga, independent power producers (IPPs) and end- consumers.
Sime rose nine sen to RM9.63. Among the banks, HLFG added 22 sen to RM11.76, Maybank four sen to RM8.54, Public Bank six sen to RM13.70 and CIMB two sen to RM7.27.
Among PLANTATION []s, Batu Kawan added 34 sen to RM19.86, TDM 14 sen to RM4.84 and IOI Corp three sen to RM5.44. BLD Plantations fell 28 sen to RM9.72 in thin trade and United Plantations 12 sen lower at RM22.54.
Dialog-WA extended its rally for the third day, adding 17 sen to 83 sen with 62.71 million units.
Rotational play was seen in related penny stocks with PDZ to the fore, adding five sen to 13.5 sen with 95.16 million shares done, GPA 1.5 sen to 10.5 sen and IPower one sen to 5.5 sen and Marco-WA adding one sen to 7.5 sen.
Among the decliners were MUH, sliding as much as 22 sen to 38 sen, while Nestle gave up 16 sen to RM55.34 and BAT 12 sen to RM52.18 while Hartalega gave up some of the recent gains, down eight sen to RM7.74.
