KUALA LUMPUR (APRIL 10): The FBM KLCI closed higher on Tuesday, but stayed shy of the 1600-point mark as investor sentiment appeared to be cautious given the concerns over data that came from the US and China.
Regional markets were mostly mixed on Tuesday, as investors remained cautious after Chinese trade data showed the world's second largest economy may be able to achieve a soft landing but global growth concerns lingered given the sharp slowdown in U.S. job creation, according to Reuters.
Meanwhile, European stocks posted sharp early losses on Tuesday and German government bond yields hit their lowest levels since September, as investors returning from a holiday weekend cut their exposure to risky assets after surprisingly weak March U.S. jobs data, it said.
The FBM KLCI rose 5.89 points to 1,597.17. It had earlier risen to its intra-day high of 1,598.53.
Gainers overtook losers by 365 to 332, while 33 counters traded unchanged. Volume was 1.11 billion shares valued at RM1.58 billion.
The worries about the health of the giant U.S. economy overshadowed positive trade numbers from Germany and China, with both nations enjoying strong export growth, although weak Chinese import numbers took some of the gloss off the data, said Reuters.
At the regional markets, Hong Kong’s Hang Seng Index fell 1.15% to 20,356.24, Japan’s Nikkei 225 shed 0.09% to 9,538.02, and South Korea’s Kospi was down 0.13% to 1,994.41.
The Shanghai Composite Index rose 0.88% to 2,305.86, Taiwan’s Taiex gained 0.52% to 7,640.68 and Singapore’s Straits Times Index up 0.59% to 2,977.70.
On Bursa Malaysia, Country View was the top gainer and rose 29.5 sen to 95.5 sen, Tradewinds PLANTATION []s added 26 sen to RM5.71, Genting rose 24 sen to RM11.08, Tradewinds added 24 sen to RM10.16, Batu Kawan 20 sen to RM18.74, BLD Plantations 19 sen to RM9.39, Chin Teck 14 sen to RM9.20, KPJ and SMPC up 13 sen each to RM5.29 and RM2.49, while Carlsberg added 12 sen to RM10.86.
Naim Indah Corp was the most actively traded counter with 69.82 million shares done. The stock gained one sen to 54 sen.
Other actives included DiGi, Metronic, KBES, Tiger Synergy, CSL, DPS, Ariantec and Managed Pay.
Meanwhile, decliners included Aeon, Sarawak Oil Palms, GBH, Advanced Packaging, GAB, Amtek, Malpac, Panasonic, UAC and Inno.
Regional markets were mostly mixed on Tuesday, as investors remained cautious after Chinese trade data showed the world's second largest economy may be able to achieve a soft landing but global growth concerns lingered given the sharp slowdown in U.S. job creation, according to Reuters.
Meanwhile, European stocks posted sharp early losses on Tuesday and German government bond yields hit their lowest levels since September, as investors returning from a holiday weekend cut their exposure to risky assets after surprisingly weak March U.S. jobs data, it said.
The FBM KLCI rose 5.89 points to 1,597.17. It had earlier risen to its intra-day high of 1,598.53.
Gainers overtook losers by 365 to 332, while 33 counters traded unchanged. Volume was 1.11 billion shares valued at RM1.58 billion.
The worries about the health of the giant U.S. economy overshadowed positive trade numbers from Germany and China, with both nations enjoying strong export growth, although weak Chinese import numbers took some of the gloss off the data, said Reuters.
At the regional markets, Hong Kong’s Hang Seng Index fell 1.15% to 20,356.24, Japan’s Nikkei 225 shed 0.09% to 9,538.02, and South Korea’s Kospi was down 0.13% to 1,994.41.
The Shanghai Composite Index rose 0.88% to 2,305.86, Taiwan’s Taiex gained 0.52% to 7,640.68 and Singapore’s Straits Times Index up 0.59% to 2,977.70.
On Bursa Malaysia, Country View was the top gainer and rose 29.5 sen to 95.5 sen, Tradewinds PLANTATION []s added 26 sen to RM5.71, Genting rose 24 sen to RM11.08, Tradewinds added 24 sen to RM10.16, Batu Kawan 20 sen to RM18.74, BLD Plantations 19 sen to RM9.39, Chin Teck 14 sen to RM9.20, KPJ and SMPC up 13 sen each to RM5.29 and RM2.49, while Carlsberg added 12 sen to RM10.86.
Naim Indah Corp was the most actively traded counter with 69.82 million shares done. The stock gained one sen to 54 sen.
Other actives included DiGi, Metronic, KBES, Tiger Synergy, CSL, DPS, Ariantec and Managed Pay.
Meanwhile, decliners included Aeon, Sarawak Oil Palms, GBH, Advanced Packaging, GAB, Amtek, Malpac, Panasonic, UAC and Inno.
