FBM KLCI continues to pare gains but remains in positive territory
KUALA LUMPUR (Feb 12): The FBM KLCI continued to give up some of the gains it made earlier today on resumption of the afternoon market.
Two hours into the afternoon trading session, the benchmark index was at 1,830.53, still up 10.71 points or 0.59%, as the local market was seen steadying after the US market extended its rebound on Friday.
Total trading volume stood at 1.24 billion shares worth RM1.303 billion.
However, in the broader market, decliners outweighed gainers by 413 to 340 counters while 479 remained unchanged.
At the time of writing, the top gainer was Nestle (Malaysia) Bhd, with a 50 sen or 0.43% rise to trade at RM116.60 per share. The worst decliner was Panasonic Manufacturing Malaysia Bhd, which lost 40 sen or 1.18% to trade at RM33.60 per share.
Regionally, South Korea’s KOSPI was up 21.61 points or 0.91% at 2,385.38, while Singapore’s STI went up 11.09 points or 0.33% to 3,388.33. Japan’s Nikkei 225, meanwhile, was closed for a holiday.
Reuters reported that Asian share markets found a semblance of calm on Monday as S&P futures extended their bounce, though global investors were still fretting about the risks from looming US inflation data after last week’s sharp sell-off.
Source: The Edge