Written by Joseph Chin
Friday, 06 November 2009 13:12
KUALA LUMPUR: All key Asian markets were up at the midday break on Friday, Nov 6, as investors' risk appetite for equities perked up while oil, crude palm oil and gold also advanced.
At Bursa Malaysia, fund buying of CIMB, Axiata and Public Bank helped nudge the FBM KLCI past the 1,260 level. The three stocks contributed 3.4 points to the 30-stock FBM KLCI.
At midday, the FBM KLCI rose 7.61 points to 1,261.57. At the current level, the index is trading at a price-to-earnings of 23.67 times.
Turnover on Bursa was 887.33 million shares valued at RM838.54 million. There were 376 gainers, 184 losers and 248 counters unchanged.
Hong Kong's Hang Seng Index rose the most, adding 1.7% to 21,841 while Singapore's Straits Times Index gained 1.2% to 2,660.06 while Singapore's Straits Times Index added 0.61% to 3,174.4 and Japan's Nikkei 225 0.54% higher at 9,769.84.
Light crude oil rose 46 cents to US$80.08 on signs of global recovery while CPO added RM22 to RM2,288 and US spot gold advanced 67 cents to US$1,090.97.
Tanjong rose 54 sen to RM16.30, but off its earlier high with 1.7 million shares done. CIMB rose 12 sen to RM12.82, Axiata five sen to RM3.06 and Public Bank eight sen to RM10.88.
Other gainers were PPB, adding 22 sen to RM15.62, HL Bank 19 sen to RM8.18 and glove maker Hartalega 19 sen also to RM5.44. Perstima advanced 40 sen to RM3.09 after announcing a strong set of earnings.
Green Packet rose one sen to RM1.50 and the warrants fell one sen to RM1 (50.2 million units done) after a Bursa Malaysia Securities query over the recent surge in price and volume. RedTone, which was also queried, added 2.5 sen. The three counters accounted for 132 million shares.
MRCB fell seven sen to RM1.32 as investors were unhappy over its proposed rights issue.
Lityan fell the most, down 14 sen to RM2.51 with 2.12 million shares. However, it is up RM1.51 from last Friday's reference price of RM1.
Dijaya fell 13 sen to RM1.07, Aeon 11 sen to RM5.01 and MAHB 10 sen to RM3.60.
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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