KLCI extends gains, up 0.68% noon (Update)

  • Business
  • Thursday, 27 Jun 2013

KUALA LUMPUR: The FBM KLCI ended the morning session almost 12 points higher underpinned by gains in Petronas and banks, as investors are confident of the firmer Asian market and China.

At 12.30pm, the KLCI was up 11.88 points or 0.68% to 1,752.64. Turnover was 609.31 million valued at RM867.693mil. Gainers outpaced losers 432 against 175 while 257 were unchanged.

Reuters reported Asian shares extended gains for a second day on Thursday, buoyed by a rise in global equities on expectations that the U.S. Federal Reserve will not rush to end its stimulus program, and by further signs of improvement in China's strained money markets.

At Bursa Malaysia, Nestle was up 70 sen to RM67, Dutch Lady 38 sen to RM47.18 and F&N 34 sen to RM18.66 but BAT fell 54 sen to RM58.20 and GAB 20 sen to RM18.88.

Among banks, CIMB rose 12 sen to RM8.19, Maybank 10 sen to RM10.18, RHB Cap 18 sen to RM8.65, Public Bank eight sen to RM16.76, AMMB 10 sen to RM7.18 and HLFG 12 sen to RM13.86 but HL Cap fell 16 sen to RM6.74.

Crude palm oil fell RM31 to RM2348 but IOI rose six sen to RM5.40, BLD Plantation 23 sen to RM8.50, KL Kepong six sen to RM21.16 but FGV fell six sen to RM4.53.

SapuraKencana rose five sen to RM3.94, PetGas 54 sen to RM20.66, PetDag four sen to RM25.14 and PetChem one sen to RM6.61.

Tenaga rose five sen to RM8.28 and MISC three sen to RM5.15.

The ringgit strengthened against the dollar at 3.1361 from 3.1988 the previous close.

Among key regional markets,

Japan's Nikkei 225 rose 2.44% to 13,147.79;

Hong Kong's Hang Seng Index rose 1.32% to 20,607.27;

Shanghai's Composite Index rose 0.4% to 1,959.25;

Taiwan's Taiex rose 1.08% to 7,869.01;

South Korea's Kospi rose 3.06% to 1,838.07;

Singapore's Straits Times Index rose 1.37% to 3,146.87.

US light crude oil rose 34 cents to US$95.84 and Brent rose 52 cents to US$102.18.

Spot gold rose US$13.51 to US$1,240.09.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

CPO futures may see technical correction after rally
Ringgit to trade in tight range vs US$
New warning system to sound alarm on rainforest 'tipping points'
FOREX-US$ posts second week of gains ahead of Fed meeting
Oil price edges up in weekly rebound on forecasts for tight supplies
GLOBAL MARKETS-US stock markets hit new highs
Hotel industry’s defining moment
The toll on employment
Short Positions - Insurance, Covid-19, ESG
DPI Holdings sees virus-led opportunities

Stories You'll Enjoy