KUALA LUMPUR (March 15): The FBM KLCI closed higher in late buying on Thursday, underpinned by gains in CIMB and Maybank amid volatile trading.
The KLCI rose 3.67 points or 0.2% to finish at 1,579.38. Turnover was 1.36 billion shares worth RM1.73 billion while the broader market was cautious, with 296 gainers versus 443 decliners while 367 stocks were unchanged.
Worries about the Chinese growth outlook limited gains in Asian markets. This saw the local equities paring gains during the day before recouping losses to finish higher. The KLCI reached an intraday high of 1,579.45at 9.26am before retreating to the day’s low of 1,574.59 at noon.
Among the key regional markets, Japan’s Nikkei 225 rose 0.72% to 10,123.28 and Hong Kong’s Hang Seng Index added 0.21% to 21,353.53.
South Korea’s Kospi slipped 0.06% to 2,043.76, Singapore’s Straits Times Index0.02% lower at 3,025.84 and Shanghai’s Composite Index 0.73% lower at 2,373.77.
Crude palm oil third-month futures rose RM24 to RM3.402, the highest since June 2011. US light crude oil added 32 cents to US$105.75 while Brent crude rose above US$125.
At Bursa Malaysia, CIMB rose 17 sen to RM7.57, pushing up the KLCI by 2.99 points while Maybank added six sen to RM8.67, nudging the index up by 1.06 points. RHB Capital rose eight sen to RM7.90.
YTL added seven sen to RM1.80, YTL Power four sen to RM1.81, Axiata three sen to RM5.15, Telekom two sen to RM5.15 and Maxis two sen also to RM5.96.
Aeon Credit added 38 sen to close at RM8.73, YHS 14 sen to RM2.60 while Top Glove’s strong earnings saw its share price climb 12 sen to RM4.92.
Among decliners, PETRONAS GAS BHD [] lost 38 sen to RM16.60 while NESTLE (M) BHD [] fell 30 sen to RM56.
Most active was Tiger Synergy Bhd which closed flat at 15 sen with some 104 million shares done.
The KLCI rose 3.67 points or 0.2% to finish at 1,579.38. Turnover was 1.36 billion shares worth RM1.73 billion while the broader market was cautious, with 296 gainers versus 443 decliners while 367 stocks were unchanged.
Worries about the Chinese growth outlook limited gains in Asian markets. This saw the local equities paring gains during the day before recouping losses to finish higher. The KLCI reached an intraday high of 1,579.45at 9.26am before retreating to the day’s low of 1,574.59 at noon.
Among the key regional markets, Japan’s Nikkei 225 rose 0.72% to 10,123.28 and Hong Kong’s Hang Seng Index added 0.21% to 21,353.53.
South Korea’s Kospi slipped 0.06% to 2,043.76, Singapore’s Straits Times Index0.02% lower at 3,025.84 and Shanghai’s Composite Index 0.73% lower at 2,373.77.
Crude palm oil third-month futures rose RM24 to RM3.402, the highest since June 2011. US light crude oil added 32 cents to US$105.75 while Brent crude rose above US$125.
At Bursa Malaysia, CIMB rose 17 sen to RM7.57, pushing up the KLCI by 2.99 points while Maybank added six sen to RM8.67, nudging the index up by 1.06 points. RHB Capital rose eight sen to RM7.90.
YTL added seven sen to RM1.80, YTL Power four sen to RM1.81, Axiata three sen to RM5.15, Telekom two sen to RM5.15 and Maxis two sen also to RM5.96.
Aeon Credit added 38 sen to close at RM8.73, YHS 14 sen to RM2.60 while Top Glove’s strong earnings saw its share price climb 12 sen to RM4.92.
Among decliners, PETRONAS GAS BHD [] lost 38 sen to RM16.60 while NESTLE (M) BHD [] fell 30 sen to RM56.
Most active was Tiger Synergy Bhd which closed flat at 15 sen with some 104 million shares done.
