Kuala Lumpur, May 13 – The KLCI ended marginally higher on Friday, supported selected heavyweights of plantation, consumer staples, industrial products counters. Over to the Asia-Pacific region, tracking the mixed cues from overnight performance of Wall Street, all stock markets ended euphorically higher after the recent losing streak, as investors were on a bargain hunting and reacted calmly to Fed’s policies to tame inflationary pressure. Fed’s Chairman has reaffirmed the Fed is likely to raise rates by 50 basis point at each of its next two meetings whilst a 75 basis-point move is not considered. As a result of this, S&P 500 futures rose 0.7% and Nasdaq 100 futures added 0.9%.
** The FTSE BM KLCI rose 5.61 points or +0.36% at 1,544.41 .
** The FTSE BM KLCI opened at 1,545.98 . The index fluctuated between 1,541.15 – 1,551.33.
** 658 counters are gainers, 402 counters are unchanged, while 318 counters are losers.
** Total volume of 3,166,752,100 shares changed hands; while Turnover of RM2,507,890,884.
** The Top 5 Gainers : MPI (31.76, +2.46) ; PETDAG (21.50, +0.90) ; BJFOOD (4.56, +0.51) ; DLADY (34.00, +0.50) ; HEIM (24.48, +0.48)
** The Top 5 Losers : NESTLE (131.50, -0.50) ; HSI-HA1 (0.61, -0.21) ; SP500-HZ (1.45, -0.21) ; WPRTS (3.89, -0.20) ; AIRPORT (6.33, -0.19)
** The Top 5 Most Active Stocks : SERBADK (0.12, +0.035) ; MNC (0.02, UNCHANGED) ; DGB (0.02, UNCHANGED) ; TECHNAX (0.115, UNCHANGED) ; KNM (0.175, +0.02)
** Singapore’s Straits Times Index (STI) up 26.98 points or +0.85% to 3,192.16 ; Hong Kong’s HSI leaped 518.43 points or +2.68% at 19,898.77; Japan’s Nikkei 225 jumped 678.93 points or +2.64% at 26,427.65; and Korea’s KOSPI up 54.16 points or +2.12% to 2,604.24; Shanghai’s SSE Index rose 29.29 points or +0.96% at 3,084.28; Australia’s All Ordinaries advanced 141.10 points or +1.97% to 7,307.70
