KUALA LUMPUR: The FBM KLCI ended Monday higher despite narrowing its gains in late selling, mirroring the firmer Asian markets as investors rode on the US Fed's stimulus extension and fresh China's data.
At 5pm, the KLCI was up 2.52 points to 1,792.39. Turnover was 1.51 billion valued at RM1.883bil. There were 351 gainers, 439 decliners and 323 counters unchanged.
Reuters reported Asian share markets advanced for a third straight session on Monday, cheered by the prospect of extended stimulus in the United States and of real economic reform in China.
It said China's offshore market put on more than 5% with UBS upgrading H-shares - Chinese stocks listed in Hong Kong - to "overweight" on a view the reforms announced after a party plenum should help them outperform Asia ex-Japan for the next few months.
At Bursa Malaysia, BJ Auto rose RM1.12 to RM1.82.
Dsonic was up 76 sen to RM8.31 and Yinson
31 sen to RM5.20.
Crude palm oil fell RM30 to RM2,584. Genting Plantations rose 44 sen to RM11.70, KL Kepong 40 sen to RM23.70 but United Plantations fell 30 sen to RM26.60.
MAHB fell 15 sen to RM8.35 and Caring 11 sen to RM2.01.
Among the key regional markets,
Japan’s Nikkei 225 fell 0.01% to 15,164.30;
Hong Kong’s Hang Seng Index rose 2.73% to 23,660.06;
Shanghai’s Composite Index rose 2.87% to 2,197.22;
Taiwan’s Taiex rose 0.18% to 8,191.46;
South Korea’s Kospi rose 0.26% to 2,010.81;
Singapore’s Straits Times Index rose 0.16% to 3,206.27.
US light crude oil fell 42 cents to US$93.44 and Brent fell 76 cents to US$107.74.
Spot gold fell US$5.42 to US$1,284.83.
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