KUALA LUMPUR (March): Late buying of selected index-linked stocks pushed the FBM KLCI, which as in the red all Tuesday, back into positive territory, with GENTING BHD [] emerging as the bigger index mover.
The FBM KLCI closed 0.69 of a point higher to 1,589.91. Turnover was 1.29 billion shares valued at RM1.73 billion. The broader market reflected the cautious sentiment, with 519 decliners to 257 advancers while 315 stocks were unchanged.
Key regional markets posted losses between 0.63% and 2%. Hong Kong’s Hang Seng Index fared the worst, down 2.16% to 20,806.20, Singapore’s Straits Times Index fell 2% to 2,932.01, Shanghai Composite Index 1.41% to 2,410.45, Taiwan’s Taiex 0.83% to 7,937.97 while South Korea’s Kospi fell 0.78% to 2,000.36.
European shares extended losses in morning trade on Tuesday on fresh concerns about economic growth in Europe and uncertainties regarding a bond swap deal between Greece and its private creditors.
Britain's FTSE 100 extended its losing streak into a third session on Tuesday, as concern about the health of the global economy hit heavyweight oils and miners, pushing the index towards the bottom of its recent range and darkening the technical outlook, Reuters reported.
At Bursa Malaysia, Genting rose 16 sen to RM10.92, pushing the KLCI up by 1.4 points while Tenaga added eight sen to RM5.25 and Petronas Chemicals three sen to RM6.92.
There was some nibbling on banking stocks, with Maybank and Public Bank up two sen each to RM8.79 and RM13.78, Hong Leong Bank 10 sen to RM12.40 and AMMB three sen to RM6.30.
Dutch Lady rose the most, adding 40 sen to RM29.90 with 6,100 shares done. Genting PLANTATION []s rose 25 sen to RM9.49 and Petronas Dagangan 18 sen to RM18.46.
CI Holdings added 13 sen to RM1.48 after the company announced its capital repayment of 50 sen per ordinary share would go ex on March 16.
Winsun was the most active with 47.67 million shares done, down two sen to 16.5 sen.
CIMB declined six sen to RM7.42, dragging the KLCI down 1.06 points. Tenaga shed seven sen to RM6.24 while BAT lost 32 sen to RM52.52 and KLK 12 sen to RM23.28.
The FBM KLCI closed 0.69 of a point higher to 1,589.91. Turnover was 1.29 billion shares valued at RM1.73 billion. The broader market reflected the cautious sentiment, with 519 decliners to 257 advancers while 315 stocks were unchanged.
Key regional markets posted losses between 0.63% and 2%. Hong Kong’s Hang Seng Index fared the worst, down 2.16% to 20,806.20, Singapore’s Straits Times Index fell 2% to 2,932.01, Shanghai Composite Index 1.41% to 2,410.45, Taiwan’s Taiex 0.83% to 7,937.97 while South Korea’s Kospi fell 0.78% to 2,000.36.
European shares extended losses in morning trade on Tuesday on fresh concerns about economic growth in Europe and uncertainties regarding a bond swap deal between Greece and its private creditors.
Britain's FTSE 100 extended its losing streak into a third session on Tuesday, as concern about the health of the global economy hit heavyweight oils and miners, pushing the index towards the bottom of its recent range and darkening the technical outlook, Reuters reported.
At Bursa Malaysia, Genting rose 16 sen to RM10.92, pushing the KLCI up by 1.4 points while Tenaga added eight sen to RM5.25 and Petronas Chemicals three sen to RM6.92.
There was some nibbling on banking stocks, with Maybank and Public Bank up two sen each to RM8.79 and RM13.78, Hong Leong Bank 10 sen to RM12.40 and AMMB three sen to RM6.30.
Dutch Lady rose the most, adding 40 sen to RM29.90 with 6,100 shares done. Genting PLANTATION []s rose 25 sen to RM9.49 and Petronas Dagangan 18 sen to RM18.46.
CI Holdings added 13 sen to RM1.48 after the company announced its capital repayment of 50 sen per ordinary share would go ex on March 16.
Winsun was the most active with 47.67 million shares done, down two sen to 16.5 sen.
CIMB declined six sen to RM7.42, dragging the KLCI down 1.06 points. Tenaga shed seven sen to RM6.24 while BAT lost 32 sen to RM52.52 and KLK 12 sen to RM23.28.
