KUALA LUMPUR: Asian markets rose in early trade on Friday, aided by the mild recovery on Wall Street, but gains were relatively limited as investors’ sentiment was still fragile after the recent selldown.
At 9.30am, the KL Composite Index was up 3.24 points to 923.30. Turnover was 70 million shares valued at RM103.4mil. There were 126 gainers, 87 losers and 112 counters unchanged.
Asian markets rose, with Japan’s Nikkei 225 adding 1.25% to 8,564.37, Singapore’s Straits Times Index gained 0.78% to 1,966.46 while Shanghai’s A Share opened 1.53% higher at 2,036.87.
Light crude oil rose US$2.93 to US$72.78.
MPI led the gainers, up 30 sen to RM6.65 while Tanjong added 20 sen to RM11.30, DiGi and Bursa advanced 10 sen each to RM22.190 and RM5.75 while IOI Corp gained eight sen to RM3.10.
IJM, which proposed a special interim dividend of 25 sen per share for the financial year ending March 31, 2009, rose 12 sen to RM4.22.
Tanjung Offshore-WB which were listed today, jumped 24.5 sen to 25 sen.
KNM, which had recently come under heavy selling pressure before staging a recovery on Thursday, was the most active with 26 million shares. It felll 4.5 sen to 64 sen.
Tenaga was flat at RM6.60 after reporting a net loss of RM283mil for the fourth quarter.
Shell was the top loser, down 15 sen to RM9.85 while Lion Forest fell 13 sen to 63.5 sen, JT International 10 sen to RM4.30.
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