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Thursday March 8, 2012

FBM KLCI, Asian markets end higher

PETALING JAYA: The FBM KLCI ended higher on Thursday, in line with gains in key regional markets.

At 5pm, the local bourse was up 3.53 points to 1,578.36, buoyed by the buying of selected blue chip stocks, such as Nestle, Carlsberg and PPB Group. Gainers outpaced losers 415 to 336, with 339 counters unchanged.

As for regional markets, Tokyo's Nikkei 225 was up 2.01% to 9,768.96 and Hong Kong's Hang Seng Index gained 1.32% to 20,900.73.

Shanghai's A index was up 1.06% to 2,420.28 while Taiwan's Taiex Index rose 1.03% to 7,984.56.

Seoul's Kospi Index was up 0.94% to 2,000.76, with Singapore's Straits Times Index gaining 1.96% to 2,970.38.

Nymex crude oil gained 73 cents to US$106.89 per barrel. Spot gold rose US$17.20 to US$1,702.18 per ounce. The ringgit was quoted at 3.01 to the US dollar.

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