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Mild window dressing for key FBM KLCI stocks sent the 30-stock up nearly seven points in mid-morning Monday for the first quarter ending March 31.
At 10.30am, the #KLCI was up 6.89 points or 0.38% to 1,820.26. Turnover was 620.43 million shares valued at RM285.50mil. There were 290 gainers, 240 losers and 269 counters unchanged.
However, BIMB Securities Research expects investors to be on the sidelines with some downtrend bias. It expects the KLCI to trend between the 1,810 and 1,815 range.
In the week ended March 27, foreign funds were net buyers on Bursa Malaysia at RM352.2mil. However, they were net sellers on Friday at -RM19.2mil, the research house said.
BAT was the top gainer, up 76 sen to RM68.80, DutchLady added 22 sen to RM47.90 while Nestle gained 10 sen to RM73.90. However, GAB lost 22 sen to RM14.04.
Here are the latest trading levels for Asia's major stock markets:
Tokyo (Nikkei Average NIK, +0.65% ) up 0.8%
Hong Kong (Hang Seng Index HSI, +1.50% ) up 1.5%
Shanghai (Shanghai Composite Index SHCOMP, +1.62% ) up 1.6% (at break)
Sydney (S&P/ASX 200 XJO, -1.21% ) down 1.1%
Seoul (Kospi SEU, +0.40% ) up 0.4%
; Mumbai (Sensex 1, +0.88% ) up 0.7%
Taipei (Taiex Y9999, +0.36% ) up 0.4%
Asian markets mostly rose Monday after Wall Street's three main indexes ended last week with their first gains in five sessions, while Hong Kong and Shanghai were boosted by hopes for more Chinese economic stimulus.
The euro held its own against the dollar and yen at the beginning of a week of key events, including Greece's bailout reform proposals and the release of US jobs data, which will be pored over for clues about the Federal Reserve's plans for interest rates.
Tokyo edged up 0.26 per cent, with investors brushing off news that Japanese factory output had fallen by more than expected in February.
Malaysia share prices opened higher on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 2.38 points to 1,815.75.
Volume was 108.7 million lots worth RM36.7 million.
Gainers outnumbered losers 119 to 85.
The U.S. dollar booked its largest two-week decline against the euro since September 2012 on Friday, sliding on expectations that the Federal Reserve will begin raising interest rates later, and more gradually, than market participants had previously anticipated.
The euro EURUSD, +0.04% traded at $1.0886, compared with $1.0880 late Thursday. The dollar traded at 119.19 yen, compared with ¥119.19 level seen late Thursday.
The ICE U.S. Dollar Index DXY, -0.03% which gauges the dollar’s strength against six major currencies, was down EURUSD, +0.04% slightly at 97.39.
The pound GBPUSD, +0.22% traded at $1.4907, compared with $1.4853 Thursday.
