Key Asian markets off lows at midday

-A +A

KUALA LUMPUR: Most key Asian markets were off their lows at midday on March 4 as investors regained some confidence despite the US broader S&P had fallen below the crucial 700 level overnight. At midday break, the KLCI was down 0.46% or 4.01 points to 864.73. Turnover was 148 million shares valued at RM195.7 million. Hong Kong’s Hang Seng Index rose 0.67% to 12,114.26, Japan’s Nikkei 225 gained 0.62% to 7,274.46 while Shanghai’s Composite Index jumped 2.66% to 2,126.55. Singapore’s Straits Times Index fell 0.07% to 1,527.47. Light crude oil fell 18 cents to US$41.47 while crude palm oil futures added RM8 to RM1,831. Public Bank fell 20 sen to RM8.20 after research houses lowered their outlook for the stock while MISC foreign fell also 20 sen to RM8. Cepco lost 18 sen to RM1.86, TMI 11 sen to RM2.64 and down 10 sen each were UMW and Tenaga RM5.20 and RM6.20. Resorts was the most active with 12.77 million shares done, slipping two sen to RM2.03 while L&G was flat at 17.5 sen. Tanjong up 30 sen to RM14.30, MBSB added 10.5 sen to 82 sen while Top Glove gained 10 sen to RM4.54.