MARKET DEVELOPMENT
KLCI Steady at Midday Amid Lacklustre Trade (Update)
KLCI Steady at Midday Amid Lacklustre Trade (Update)
04/10/2014 (The Star) - Malaysia’s blue chips held on to most of their gains at midday on Friday, with the FBM KLCI underpinned by gains in Petronas Gas and MISC, while the broader market was mixed.
At 12.30pm, the FBM KLCI rose 3.81 points or 0.21% to 1,841.49. Turnover was 883.79 million shares valued at RM594.89mil. There were 332 gainers, 341 losers and 327 counters unchanged.
Overall market sentiment was lacklustre, mirroring the Asian stocks. Reuters reported key Asian markets were poised for their fourth-straight weekly fall on Friday, with the regional index drifting in an aimless morning session as the civil unrest in Hong Kong and caution ahead of a closely-watched US jobs report kept investors on edge.
At Bursa Malaysia, BAT rose the most, adding 56 sen to RM68.56. Tenaga added eight sen to RM12.44.
Petronas Gas added 14 sen to RM22.82 and MISC advanced 13 sen to RM6.88. Bintulu Port added 15 sen to RM7.15. However, Petronas Dagangan fell four sen to RM19.96.
HLFG edged up 16 sen to RM17.66 in thin trade. Among the banks, Hong Leong Bank fell four sen to RM14.48 while Public Bank shed two sen to RM18.80 and Maybank down one sen to RM9.95.
Crude palm oil for third-month delivery rose RM7 to RM2,153. United Plantations added 10 sen to RM26.40, PPB Group four sen to RM14.36 but TAHPS lost 45 sen to RM8.35 and KL Kepong down eight sen to RM21.36.
Analysts said small cap stocks were losing traction in the absence of strong buying support as market sentiment was lacklustre.
Oil and gas services company Yinson fell in active trade, with 1.88 million shaes done, shedding 16 sen to RM3.04. Petra Energy lost nine sen to RM2.87.
The ringgit firmed up against the US dollar to 3.2470 from 3.2490.
Among the key regional markets,
Japan’s Nikkei 225 fell 0.55% to 15,575.76;
Hong Kong’s Hang Seng Index lost 1.01% to 22,701.57;
Taiwan’s Taiex rose 1.48% 9,108.19;
South Korea’s Kospi fell 0.77% to 1,976.16 and
Singapore’s Straits Times Index rose 0.23% to 3,235.98.
US light crude oil rose 58 cents to US$91.59 and Brent added 47 cents to 93.89.
Spot gold fell US$1.91 to US$1,212.67.
At 12.30pm, the FBM KLCI rose 3.81 points or 0.21% to 1,841.49. Turnover was 883.79 million shares valued at RM594.89mil. There were 332 gainers, 341 losers and 327 counters unchanged.
Overall market sentiment was lacklustre, mirroring the Asian stocks. Reuters reported key Asian markets were poised for their fourth-straight weekly fall on Friday, with the regional index drifting in an aimless morning session as the civil unrest in Hong Kong and caution ahead of a closely-watched US jobs report kept investors on edge.
At Bursa Malaysia, BAT rose the most, adding 56 sen to RM68.56. Tenaga added eight sen to RM12.44.
Petronas Gas added 14 sen to RM22.82 and MISC advanced 13 sen to RM6.88. Bintulu Port added 15 sen to RM7.15. However, Petronas Dagangan fell four sen to RM19.96.
HLFG edged up 16 sen to RM17.66 in thin trade. Among the banks, Hong Leong Bank fell four sen to RM14.48 while Public Bank shed two sen to RM18.80 and Maybank down one sen to RM9.95.
Crude palm oil for third-month delivery rose RM7 to RM2,153. United Plantations added 10 sen to RM26.40, PPB Group four sen to RM14.36 but TAHPS lost 45 sen to RM8.35 and KL Kepong down eight sen to RM21.36.
Analysts said small cap stocks were losing traction in the absence of strong buying support as market sentiment was lacklustre.
Oil and gas services company Yinson fell in active trade, with 1.88 million shaes done, shedding 16 sen to RM3.04. Petra Energy lost nine sen to RM2.87.
The ringgit firmed up against the US dollar to 3.2470 from 3.2490.
Among the key regional markets,
Japan’s Nikkei 225 fell 0.55% to 15,575.76;
Hong Kong’s Hang Seng Index lost 1.01% to 22,701.57;
Taiwan’s Taiex rose 1.48% 9,108.19;
South Korea’s Kospi fell 0.77% to 1,976.16 and
Singapore’s Straits Times Index rose 0.23% to 3,235.98.
US light crude oil rose 58 cents to US$91.59 and Brent added 47 cents to 93.89.
Spot gold fell US$1.91 to US$1,212.67.