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NewsGreek worries abate, regional markets up
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Greek worries abate, regional markets up
by hlk Mon 28 May 2012, 19:03
KUALA LUMPUR: Key regional markets closed firmer on Monday as
worries about the Greece exit from the euro zone abated, giving the
local stock market a boost also but trading volume remained thin.
At
the close, the FBM KLCI was up 3.82 points or 0.54% to 1,554.94.
Turnover was 735.85 million shares valued at RM897.64mil. The broader
market improved with advancing counters beating decliners 412 to 276
while 322 stocks were unchanged.
Among the key regional markets,
Japan's Nikkei 225 recovered from its earlier losses to add 0.15% to
8,593.15; Hong Kong's Hang Seng Index was 0.47% higher at 18,800.99;
Shanghai's Composite Index rallied 1.19% to 2,361.37; South Korea's
Kospi 0.53% to 1,824.17; Taiwan's Taiex 0.91% to 7,136 and Singapore's
Straits Times Index 0.54% to 2,787.78.
US light crude oil rose
89 cents to US$91.76 while Brent added 73 cents to US$107.56. Spot gold
rose US$6.85 or 0.44% to 1,579.85.
In Europe, stocks rose for a
third straight session on Monday and the euro edged up, as Greek polls
showed growing support for pro-bailout parties, yet Spain's debt yields
hit a record high as the government worked on plan to fund troubled
lender Bankia, according to Reuters.
Global share markets,
commodities and the euro were all recovering from sharp falls last
week, when investors fled to the safety of the U.S. dollar on mounting
concerns about Greece, Spain's banking sector, and a lack of immediate
policy responses from European leaders.
At Bursa Malaysia, Dutch Lady was the top gainer, up 94 cents to RM32.50, Aeon Credit 30 sen to RM10.50, Panasonic Malaysia 24 sen to RM22.98, F&N 16 sen to RM18 and Petronas Chemicals 13 sen higher to RM6.70.
The top movers of the KLCI were Digi, adding five sen to RM3.96 and nudging the index up by 0.92 of a point. CIMB added five sen to Rm7.25, Genting seven sen to RM10.02 and IOI three sen to RM4.98.
SapuraKencana
Petroleum regained its momentum, up five sen to RM2.20 with 12.10
million shares traded. Its call warrants SKPetro-CB inched up one sen
to 21 sen.
Tradewinds
fell the most, down 34 sen to RM8.14, BAT 26 sen to RM51.74, Aeon 15
sen to RM9.50 and Tradewinds Plantations 13 sen lower at RM4.92.
worries about the Greece exit from the euro zone abated, giving the
local stock market a boost also but trading volume remained thin.
At
the close, the FBM KLCI was up 3.82 points or 0.54% to 1,554.94.
Turnover was 735.85 million shares valued at RM897.64mil. The broader
market improved with advancing counters beating decliners 412 to 276
while 322 stocks were unchanged.
Among the key regional markets,
Japan's Nikkei 225 recovered from its earlier losses to add 0.15% to
8,593.15; Hong Kong's Hang Seng Index was 0.47% higher at 18,800.99;
Shanghai's Composite Index rallied 1.19% to 2,361.37; South Korea's
Kospi 0.53% to 1,824.17; Taiwan's Taiex 0.91% to 7,136 and Singapore's
Straits Times Index 0.54% to 2,787.78.
US light crude oil rose
89 cents to US$91.76 while Brent added 73 cents to US$107.56. Spot gold
rose US$6.85 or 0.44% to 1,579.85.
In Europe, stocks rose for a
third straight session on Monday and the euro edged up, as Greek polls
showed growing support for pro-bailout parties, yet Spain's debt yields
hit a record high as the government worked on plan to fund troubled
lender Bankia, according to Reuters.
Global share markets,
commodities and the euro were all recovering from sharp falls last
week, when investors fled to the safety of the U.S. dollar on mounting
concerns about Greece, Spain's banking sector, and a lack of immediate
policy responses from European leaders.
At Bursa Malaysia, Dutch Lady was the top gainer, up 94 cents to RM32.50, Aeon Credit 30 sen to RM10.50, Panasonic Malaysia 24 sen to RM22.98, F&N 16 sen to RM18 and Petronas Chemicals 13 sen higher to RM6.70.
The top movers of the KLCI were Digi, adding five sen to RM3.96 and nudging the index up by 0.92 of a point. CIMB added five sen to Rm7.25, Genting seven sen to RM10.02 and IOI three sen to RM4.98.
SapuraKencana
Petroleum regained its momentum, up five sen to RM2.20 with 12.10
million shares traded. Its call warrants SKPetro-CB inched up one sen
to 21 sen.
Tradewinds
fell the most, down 34 sen to RM8.14, BAT 26 sen to RM51.74, Aeon 15
sen to RM9.50 and Tradewinds Plantations 13 sen lower at RM4.92.
hlk- Moderator
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Join date : 2009-11-14
Location : Malaysia
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