KLCI set to end 1Q15 on stronger footing

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KUALA LUMPUR (Mar 31): The FBM KLCI looks set to end the first quarter of 2015 on a firmer note as it remained in positive zone and above the 1,800-point level.

At 12.30pm, the FBM KLCI rose 5.70 points to 1,827.53.

The top gainers included British Americn Tobacco (M) Bhd, Warisan TC Holdings Bhd, Hong Leong Financial Group Bhd, RHB Capital Bhd, Public Bank Bhd, Batu Kawan Bhd, Fraser & Neave Holdings Bhd, Genting Plantations Bhd and Kuala Lumpur Kepong Bhd.

The top actives included Nova MSC Bhd, Privasia Technology Bhd, Wintoni Group Bhd, PUC Founder Bhd, Sumatec Resources Bhd, Takaso Resources Bhd and Ingenuity Consolidated Bhd.

The decliners included Asia Brands Bhd, Pharmaniaga Holdings Bhd, Latitude Tree Holdings Bhd, WZ Satu Bhd, Hartalage Holdings Bhd, Malaysian Pacific Industries Bhd and LTKM Bhd.

Asian stocks rose across the board on Tuesday after a rally on Wall Street and steps by China to shore up its economy boosted risk appetite while Greek debt worries again haunted the sagging euro, according to Reuters.

Tracking overnight gains in U.S. stocks, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7%, it said.

Hong Leong IB Research said the FBM KLCI may inch higher today given the last day of 1Q window dressing and a strong Dow overnight close.

“Key resistances are 1831-1843 levels whilst supports fall on 1800-1811,” it said.