Friday 29 Mar 2024
By
main news image

KUALA LUMPUR (March 2): The FBM KLCI rose 0.73% at mid-morning, extending its rebound, lifted by index-linked blue chips.

At 10.10am, the benchmark index rose 12.27 points to 1,683.09.

The top gainers included Petronas Gas Bhd, Kuala Lumpur Kepong Bhd, Scientex Bhd, MISC Bhd, Can-One Bhd, Petronas Dagangan Bhd, British American Tobacco (M) Bhd, British American Tobacco (B) Bhd, Public Bank Bhd and PPB Group Bhd.

The actives included SKH Consortium Bhd, AirAsia Bhd, AirAsia X Bhd, Minetec Resources Bhd, EKA Noodles Bhd, Genetec Technology Bhd, Sanichi Technology Bhd and Jadi Imaging Holdings Bhd.

The decliners included Lafarge Malaysia Bhd, Ajinomoto Malaysia Bhd, Lay Hong Bhd, Perak Corporation Bhd, Gamuda Bhd and Bursa Malaysia Bhd.

Asian shares look set to test February highs on Wednesday as signs of recovery in the US manufacturing sector and gains in oil prices eased worries about a global slowdown and pushed US stocks sharply higher, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6% in early trade, coming within striking distance of last month's peak touched on Feb 23, its highest since early January, Reuters said.

Hong Leong IB Research said today, Bursa Malaysia is expected to resume its rebound on the back of overnight strong gains in the US and European markets coupled with higher oil prices.

The research house said local sentiment will also be boosted by the recently concluded better-than-expected 4Q15 results.

"Key resistances are 1,678–1,700 while supports fall on 1,642–1,650," it said.

 

      Print
      Text Size
      Share