KUALA LUMPUR (March 16) : Malaysian stocks rose in morning trade against cautious sentiment across Asian bourses due to China’s economic growth concerns.
At 9.24am, the FBM KLCI was up 2.79 points to 1.582.17 with some 135 million shares worth RM74 million traded. There were 173 gainersversus 93 decliners while 167 stocks were unchanged.
Top gainers across Bursa Malaysia include DELEUM BHD [] which rose 13 sen to RM2.34 followed by AEON CREDIT SERVICE (M) BHD [] which also added 13 sen to RM8.86.
Decliners include MUDAJAYA GROUP BHD [] and PMETAL-LA which fell six sen each to RM3.09 and RM2.12 respectively.
Most active was Naim Indah Corp Bhd which added one sen to 62.5 sen with some 15 million shares done.
In a note on Friday, TA Securities Holdings Bhd said Malaysian stocks may continue to trade sideways ahead of the weekend, as Asian equities consolidate seen due to weaker sentiment on China's economic growth prospects.
Asian indices hit by less optimistic sentiments in China include Australia’s S&P/ASX 200 which declined 0.23% to 4,268.1 points, and Taiwan’s Taiex which fell 0.29% to 8,098.38 while South Korea’s Kospi was down 0.1% to 2041.68.
China’s outgoing premier Wen Jiabao said on Wednesday that measures to curb property speculation must be maintained to prevent a real estate bubble which will be detrimental to the country’s economy. On Thursday, the Commerce Ministry announced that China’s foreign direct investment fell 0.9% to US$7.7 billion in February from a year earlier.
At 9.24am, the FBM KLCI was up 2.79 points to 1.582.17 with some 135 million shares worth RM74 million traded. There were 173 gainersversus 93 decliners while 167 stocks were unchanged.
Top gainers across Bursa Malaysia include DELEUM BHD [] which rose 13 sen to RM2.34 followed by AEON CREDIT SERVICE (M) BHD [] which also added 13 sen to RM8.86.
Decliners include MUDAJAYA GROUP BHD [] and PMETAL-LA which fell six sen each to RM3.09 and RM2.12 respectively.
Most active was Naim Indah Corp Bhd which added one sen to 62.5 sen with some 15 million shares done.
In a note on Friday, TA Securities Holdings Bhd said Malaysian stocks may continue to trade sideways ahead of the weekend, as Asian equities consolidate seen due to weaker sentiment on China's economic growth prospects.
Asian indices hit by less optimistic sentiments in China include Australia’s S&P/ASX 200 which declined 0.23% to 4,268.1 points, and Taiwan’s Taiex which fell 0.29% to 8,098.38 while South Korea’s Kospi was down 0.1% to 2041.68.
China’s outgoing premier Wen Jiabao said on Wednesday that measures to curb property speculation must be maintained to prevent a real estate bubble which will be detrimental to the country’s economy. On Thursday, the Commerce Ministry announced that China’s foreign direct investment fell 0.9% to US$7.7 billion in February from a year earlier.
