KUALA LUMPUR (March 15) : The Malaysian stock market benchmark rose in morning trade on Thursday, extending its 12-point gain from a day earlier amid more favourable economic updates from the US.
Analysts, however, cautioned that the 30-stock FBM KLCI is likely to consolidate due to less investor participation during the school holidays.
“Despite the improved external outlook, the local market is likely to remain in consolidation mode near-term given the limited investor participation during the school holidays as most market players remain sidelined, TA Securities Holdings Bhd wrote in a note on Thursday.
At 9.37am, the FBM KLCI rose 2.53 points to 1578.24. Across the local bourse, some 200 million shares worth RM137 million changed hands, leading to 163 gainers versus 130 decliners while 193 stocks were unchanged.
Top gainers include PETRONAS DAGANGAN BHD [] which added 32 sen to RM18.78 and AEON CREDIT SERVICE (M) BHD [] which was up 28 sen to RM8.63.
Decliners include KUALA LUMPUR KEPONG BHD [] which fell 14 sen to RM23.16 and Focus Point Holdings Bhd which was down 11 sen to19 sen,
Most active was FOCUS DYNAMICS TECHNOLOGIES [] Bhd which rose two sen to 19 sen with some 36 million shares done followed by China Stationery Ltd which added one sen to RM1.05 with about 15 million units changing hands.
Across Asia,Japan’s Nikkei 225 rose 0.88% to 10,139.4 points while Australia’s S&P/ASX 200 declined 0.34% to 4,272.6 . Nearer to home, Singapore ‘s Straits Times was down 0.07% to 3,024.32.
Analysts, however, cautioned that the 30-stock FBM KLCI is likely to consolidate due to less investor participation during the school holidays.
“Despite the improved external outlook, the local market is likely to remain in consolidation mode near-term given the limited investor participation during the school holidays as most market players remain sidelined, TA Securities Holdings Bhd wrote in a note on Thursday.
At 9.37am, the FBM KLCI rose 2.53 points to 1578.24. Across the local bourse, some 200 million shares worth RM137 million changed hands, leading to 163 gainers versus 130 decliners while 193 stocks were unchanged.
Top gainers include PETRONAS DAGANGAN BHD [] which added 32 sen to RM18.78 and AEON CREDIT SERVICE (M) BHD [] which was up 28 sen to RM8.63.
Decliners include KUALA LUMPUR KEPONG BHD [] which fell 14 sen to RM23.16 and Focus Point Holdings Bhd which was down 11 sen to19 sen,
Most active was FOCUS DYNAMICS TECHNOLOGIES [] Bhd which rose two sen to 19 sen with some 36 million shares done followed by China Stationery Ltd which added one sen to RM1.05 with about 15 million units changing hands.
Across Asia,Japan’s Nikkei 225 rose 0.88% to 10,139.4 points while Australia’s S&P/ASX 200 declined 0.34% to 4,272.6 . Nearer to home, Singapore ‘s Straits Times was down 0.07% to 3,024.32.
