Friday, 9 March 2012

Regional markets extend gains at mid-day

KUALA LUMPUR (March 9): The FBM KLCI remained in positive territory at the mid-day break on Friday as key regional markets extended their gains on improved sentiment on the back of a successful attempt by Greece to close the bond swap offer.

Greece' success in closing the bond swap offer enabled it to reduce its huge debt pile and avert a chaotic default that would pitch the euro zone into a fresh crisis, according to Reuters.

At the mid-day break, the KLCI added 1.55 points to 1,579.91, lifted by gains at select blue chips. Gainers led losers by 340 to 286 while, 312 counters traded unchanged. Volume was 714.59 million shares valued at RM546.47 million.

The ringgit strengthened 0.20% To 3.0044 versus the US dollar; crude palm oil futures for the third month delivery gained RM45 per tonne to RM3,337, crude oil rose 32 cents per barrel to US$106.90 while gold added US$5.18 an ounce to US$1,704.95.

At the regional markets, Japan’s Nikkei 225 rose 2.22% to 9,985.94, Hong Kong’s Hang Seng Index added 1.06% to 21,121.50, the Shanghai Composite Index rose 0.40% to 2,429.95, Taiwan's Taiex was up 0.34% to 8,011.59, South Korea’s Kospi rose 0.49% to 2,010.59 and Singapore’s Straits Times Index was up 0.44% to 2,983.41.

At Bursa Malaysia, gainers included BAT that rose 38 sen to RM52.40, Bonia 18 sen to RM2.48, Deleum 16 sen to RM2.20, KLK 14 sen to RM23.40, Tradewinds PLANTATION []s 13 sen to RM4.44, Press Metal and MBM Resources 11 sen each to RM2.09 and RM4.61, while Mercury and Johore Tin added nine sen each to 1.25 and RM1.23.

Naim Indah Corp was the most actively traded counter with 67.9 million shares done. The stock gained on sen to 64 sen.

Other actives included Sumatec, China Stationery, SILK Holdings, KeyWest, and Perisai .

Decliners included Petronas Dagangan and PPB which lost 12 sen each to RM18.24 and RM16.78, KAF, BLD Plantations and Far East down 10 sen each to RM1.80,RM9.35 and RM7.30 respectively. KLCC Property and Hong Leong Bank down eight sen each to RM3.34 and RM12.30.

Get your T+10 interest FREE margin trading account NOW. Attractive brokerage for online trading. Contact Mr Ho at +603-5192 0808 or for more details.
Related Posts Plugin for WordPress, Blogger...