KLCI lifted by gains at global markets

The FBM KLCI remained in positive territory at the midday break today, lifted by gains at most global markets.

At 12.30pm, the FBM KLCI rose 4.03 points to 1,700.57.

Gainers and losers were tied at 338 each, while 347 counters traded unchanged. Volume was 825.13 million shares, valued at RM705.23 million.

The top gainers included Nestle (M) Bhd, Petron Malaysia Refining & Marketing Bhd, Panasonic Malaysia Manufacturing Bhd, British American Tobacco (M) Bhd, Can-One Bhd, Far East Holdings Bhd, Bintulu Port Holdings Bhd, Kim Loong Resources Bhd, Press Metal Bhd and Genting Plantations Bhd.

The actively-traded stocks included SMTrack Bhd, Hibiscus Petroleum Bhd, APFT Bhd, AirAsia X Bhd, XOX Bhd, Vivocom International Holdings Bhd, AirAsia Bhd, Wintoni Group Bhd and Felda Global Ventures Holdings Bhd.

The decliners included Petronas Dagangan Bhd, Chin Teck Plantations Bhd, Petronas Gas Bhd, New Hoong Fatt Holdings Bhd, Carlsberg Brewery (M) Holdings Bhd, Kawan Food Bhd, Top Glove Corporation Bhd and United Plantations Bhd.

Asian shares began a central bank-focused week on firm footing on Monday, buoyed by gains on Wall Street and glimmers of strength in weekend data from China, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 1%, while Japan's Nikkei stock index added 1.8%, it said.

BIMB Securities Research said the positive news from European Central Bank was also perceived in Asia, as major markets have all increased with HSI being the top gainer, up 1.08%.

“Back home, the FBM KLCI ended slightly higher, increased 5.63 points or 0.33% to 1,696.54.

“Trading participation shows net selling by local institutions and local retail, while foreign institutions were net buyers.

“We expect the local market to trade sideways today and expect the index to hover around 1,695-1,700,” it said. – The Edge Markets, March 14, 2016.


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