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MARKET UPDATES :
The FBM KLCI index gained 11.88 points or 0.66% on Friday. The Finance Index increased 0.34% to 15922.45 points, the Properties Index up 1.01% to 1312.19 points and the Plantation Index rose 0.68% to 8164.92 points. The market traded within a range of 10.64 points between an intra-day high of 1800.95 and a low of 1790.31 during the session.
STOCK RECOMMENDATION :
BUY FELDA GLOBAL ABOVE 2.675 TARGET 2.725 2.890 SL 2.575
Here are the latest trading levels for Asia's major stock markets:
Tokyo (Nikkei Average NIK, +0.48% ) up 0.5%
Hong Kong (Hang Seng Index HSI, +0.21% ) up 0.2%
Shanghai (Shanghai Composite Index SHCOMP, +0.24% ) up 0.2% (at break)
Sydney (S&P/ASX 200 XJO, +0.12% ) up 0.1%
Seoul (Kospi SEU, +0.10% ) up 0.2%
Mumbai (Sensex 1, +0.56% ) up 0.3%
Taipei (Taiex Y9999, +0.35% ) closed for holiday
Asian markets advanced on Monday following a record close on Wall Street, while Greece's leadership said it was upbeat that it could hammer out a new debt deal with its European creditors.
Japanese shares were supported by data showing the economy had exited recession, although gains were tempered as it grew at a slower pace than expected.
Tokyo was up 0.66 per cent by the break. Hong Kong added 0.14 per cent in morning trade, Sydney was flat, Shanghai put on 0.10 per cent and Seoul was 0.10 per cent higher.
MALAYSIA share prices opened higher on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 2.48 points to 1,803.43.
Volume was 76.59 million lots worth RM58.96 million.
Gainers outnumbered losers 146 to 31.
U.S. stocks posted modest gains on Friday, but they were enough to lift them into record territory. The S&P 500 and Russell 2000 closed at record levels, while the Dow Jones Industrial Average finished above 18,000 for the first time this year.
The S&P 500 SPX, +0.41% closed 8.46 points, or 0.4%, higher at 2,096.94 and rose 2% over the week.
