KUALA LUMPUR: Blue chips extended their rally for the fourth day, with the KL Composite Index crossing the psychological important 900 level at the start of trade on Tuesday.
At 9.10am, the KLCI was up 8.09 points to 907.44. Turnover was 51.85 million shares valued at RM56.47mil. There were 130 gainers, 30 losers and 83 counters unchanged.
Japan’s Nikkei 225, which resumed trade, soared 372 points or 4.34% to 8,949.48 while Singapore’s Straits Times Index eased 1.15% to 1,862.05.
Light crude oil eased eight cents to US$63.83.
OSK Investment Research said the Malaysia equities market was seeing “bear rebounds” over the past two trading days.
However,the research house said it was still cautious about the market outlook.
“From the current level, look for an immediate resistance at the 900-level followed by the 920 level. To the downside, now look for the 883-level as the immediate support followed by the 838 to 859 area,” it said in a report.
BAT was the top gainer, rising 50 sen to RM41 while Lafarge Cement jumped 22 sen to RM3.20. Tanjong and Bursa added 20 sen each to RM12.60 and RM5.60 while Guinness added 18 sen to RM4.98.
KNM was the most active with 5.8 million shares done, added 1.5 sen to 68.5 sen. IOI Corp gained eight sen to RM3.16. ] Favco fell 29 sen to 49 sen with 12,900 shares done. Public Bank foreign eased 10 sen to RM8.60 and My EG four sen to 85 sen.
By JOSEPH CHIN
At 9.10am, the KLCI was up 8.09 points to 907.44. Turnover was 51.85 million shares valued at RM56.47mil. There were 130 gainers, 30 losers and 83 counters unchanged.
Japan’s Nikkei 225, which resumed trade, soared 372 points or 4.34% to 8,949.48 while Singapore’s Straits Times Index eased 1.15% to 1,862.05.
Light crude oil eased eight cents to US$63.83.
OSK Investment Research said the Malaysia equities market was seeing “bear rebounds” over the past two trading days.
However,the research house said it was still cautious about the market outlook.
“From the current level, look for an immediate resistance at the 900-level followed by the 920 level. To the downside, now look for the 883-level as the immediate support followed by the 838 to 859 area,” it said in a report.
BAT was the top gainer, rising 50 sen to RM41 while Lafarge Cement jumped 22 sen to RM3.20. Tanjong and Bursa added 20 sen each to RM12.60 and RM5.60 while Guinness added 18 sen to RM4.98.
KNM was the most active with 5.8 million shares done, added 1.5 sen to 68.5 sen. IOI Corp gained eight sen to RM3.16. ] Favco fell 29 sen to 49 sen with 12,900 shares done. Public Bank foreign eased 10 sen to RM8.60 and My EG four sen to 85 sen.
By JOSEPH CHIN
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