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Gold futures rallied past $1,200 an ounce on Thursday to settle at their highest level since early March as investors backed away from riskier assets amid a selloff for global equities and increased tension in the Middle East.
Gold for April delivery GCJ5, -0.26% climbed $7.80, or 0.7%, to settle at $1,204.80 an ounce on Comex. Prices have now climbed for seven sessions in a row, tallying a total gain of 4.9% during their streak of gains.
Here are the latest trading levels for Asia's major stock markets:
Tokyo (Nikkei Average NIK, +0.46% ) up 0.4%
Hong Kong (Hang Seng Index HSI, +0.00% ) down 0.1%
Shanghai (Shanghai Composite Index SHCOMP, +0.30% ) down 0.3%
Sydney (S&P/ASX 200 XJO, +0.56% ) up 0.5%
Seoul (Kospi SEU, -0.09% ) up 0.1%
Taipei (Taiex Y9999, -0.85% ) down 0.4%
MALAYSIA share prices opened lower on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 4.37 points to 1814.05 as at 9.30am.
Volume was about 164 million lots worth RM72 million.
Losers outnumbered gainers 134 to 81.
MALAYSIAN shares ended lower on Thursday with the Kuala Lumpur Composite Index slipping 0.68 points to close at 1,818.42.
Some 2.44 billion lots, valued at RM1.95 billion were traded. Gainers numbered 426 while losers numbered 397.
MARKET UPDATES :
The FBM KLCI index gained 5.06 points or 0.28% on Wednesday. The Finance Index increased 0.48% to 16080.99 points, the Properties Index dropped 0.76% to 1302.55 points and the Plantation Index rose 0.16% to 7807.83 points. The market traded within a range of 11.01 points between an intra-day high of 1823.19 and a low of 1812.18 during the session.
STOCK RECOMMENDATION :
BUY FOCUS LUMBER AT 1.500 – 1.505 TARGET 1.550 1.650 SL 1.450
