The benchmark Kuala Lumpur Composite Index rose 10.02, or 1.1 per cent, to close at 917.89, the first gain in three days. Just three stocks fell on the 100-member measure.
Advancers led decliners by 378 to 137 while 189 counters were unchanged, 540 still untraded and 35 others suspended.
In the market, 715 million shares changed hands, compared with the three-month daily average of 424 million shares. April index futures climbed 1.2 per cent to 924.00.
Kuala Lumpur Kepong Bhd added 2.8 per cent to RM11.10, the highest level since February 16. Asiatic Development Bhd climbed 3 per cent to RM4.74, the highest level since September 29. Boustead Holdings Bhd gained 2.9 per cent to RM3.60, the highest since October 15.
Palm oil futures may average RM2,500 (US$692) a metric ton this year, 25 per cent more than estimated earlier, according to AMResearch Bhd.
Palm oil futures in Malaysia jumped as much as 4.7 per cent today.
Ann Joo Resources Bhd jumped 6.1 per cent to RM1.22, the highest close since February 19. Kinsteel Bhd added 1.2 per cent to 43.5 sen. The steel companies’ finances are “generally firm enough” to weather the global recession, RHB Research Institute Sdn Bhd, which conducted a “stress-test” on them, said in a report today.
LPI Capital Bhd jumped 4.4 per cent to RM9.50, the largest gain since August 8, 2007. The Malaysian insurer said profit in the first quarter ended March 31 rose 30 per cent to RM35.5 million from a year earlier because of higher gross premiums. Sales advanced 14 per cent to RM210.9 million, it said in a statement. - Bloomberg
Advancers led decliners by 378 to 137 while 189 counters were unchanged, 540 still untraded and 35 others suspended.
In the market, 715 million shares changed hands, compared with the three-month daily average of 424 million shares. April index futures climbed 1.2 per cent to 924.00.
Kuala Lumpur Kepong Bhd added 2.8 per cent to RM11.10, the highest level since February 16. Asiatic Development Bhd climbed 3 per cent to RM4.74, the highest level since September 29. Boustead Holdings Bhd gained 2.9 per cent to RM3.60, the highest since October 15.
Palm oil futures may average RM2,500 (US$692) a metric ton this year, 25 per cent more than estimated earlier, according to AMResearch Bhd.
Palm oil futures in Malaysia jumped as much as 4.7 per cent today.
Ann Joo Resources Bhd jumped 6.1 per cent to RM1.22, the highest close since February 19. Kinsteel Bhd added 1.2 per cent to 43.5 sen. The steel companies’ finances are “generally firm enough” to weather the global recession, RHB Research Institute Sdn Bhd, which conducted a “stress-test” on them, said in a report today.
LPI Capital Bhd jumped 4.4 per cent to RM9.50, the largest gain since August 8, 2007. The Malaysian insurer said profit in the first quarter ended March 31 rose 30 per cent to RM35.5 million from a year earlier because of higher gross premiums. Sales advanced 14 per cent to RM210.9 million, it said in a statement. - Bloomberg
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