The benchmark KL Composite Index was higher at the close of the morning trading session on Friday. Counters were evenly matched as sentiments remained firm with gainers outnumbering losers by 456 to 336. 310 counters were traded unchanged.
At 12.30pm, the KLCI added 5.53 points to 1,374.83, the FBM Emas was up 28.76 points to 9,263.17 while the Second Board Index moved up 0.65 point to 113. The KLCI July futures closed at 1,367.5.
Turnover was higher at 652.8 million compared to Thursday's 592.6 million shares. The value of transactions was RM935 million.
Crude palm oil futures for September delivery closed at RM2,485 per tonne while the ringgit was traded at 3.446 to the US dollar at 12.46pm.
In Asia, most major markets fell after strong US jobs and services data further dented prospects for a Federal Reserve interest rate cut later this year, helping the dollar to hold its gains against the euro and yen.
The Institute for Supply Management's services index rose to its highest level in a year in June, while a report from ADP Employer Services pointed to robust jobs growth, leading market participants to believe that US payrolls data due later on Friday will be better than expected.
The news pushed the benchmark 10-year Treasury yield up to 5.15% from around 5.06% early on Thursday, sending the blue-chip Dow down a touch. But the tech-heavy Nasdaq Composite Index added 0.4%, helped by a rally in Apple Inc.
Japan¡¦s Nikkei lost 0.51% or 93.34 points to 18,128.14 while Singapore¡¦s Straits Times Index receded marginally 0.01% to 3,551.44. Shanghai¡¦s A Share Index extended its drop and lost 0.98% or 37.1 points to 3,757.27.
At home, news of Ekovest's plans to develop a RM19 billion waterfront city at the Iskandar Development Region in South Johor lifted its shares, pushing it to RM3.22 (up 18 sen) while heavilly traded Hap Seng was up 24 sen to RM3.52 with 23.5 million shares traded.
Megan Media, which has fallen over the past week, staged a fightback to climb 1.5 sen to 7 sen with 15.2 million shares changing hands.
On the losing end, British American Tobacco lost 25 sen to RM42.25, MPI gave up 25 sen to RM9.75 while LionDiv was 20 sen lower to RM8.70. But most counters on the top-10 losing list were thinly traded.
CCCC-C1 dominated the most active list with 25.8 million shares traded. It was higher by 6.5 sen to 38 sen while GPA added 1.5 sen to 22.5 sen (25.6m shares). The most active list included heavyweight Tenaga which put on 10 sen to RM11.20 (11.4m shares).
At 12.30pm, the KLCI added 5.53 points to 1,374.83, the FBM Emas was up 28.76 points to 9,263.17 while the Second Board Index moved up 0.65 point to 113. The KLCI July futures closed at 1,367.5.
Turnover was higher at 652.8 million compared to Thursday's 592.6 million shares. The value of transactions was RM935 million.
Crude palm oil futures for September delivery closed at RM2,485 per tonne while the ringgit was traded at 3.446 to the US dollar at 12.46pm.
In Asia, most major markets fell after strong US jobs and services data further dented prospects for a Federal Reserve interest rate cut later this year, helping the dollar to hold its gains against the euro and yen.
The Institute for Supply Management's services index rose to its highest level in a year in June, while a report from ADP Employer Services pointed to robust jobs growth, leading market participants to believe that US payrolls data due later on Friday will be better than expected.
The news pushed the benchmark 10-year Treasury yield up to 5.15% from around 5.06% early on Thursday, sending the blue-chip Dow down a touch. But the tech-heavy Nasdaq Composite Index added 0.4%, helped by a rally in Apple Inc.
Japan¡¦s Nikkei lost 0.51% or 93.34 points to 18,128.14 while Singapore¡¦s Straits Times Index receded marginally 0.01% to 3,551.44. Shanghai¡¦s A Share Index extended its drop and lost 0.98% or 37.1 points to 3,757.27.
At home, news of Ekovest's plans to develop a RM19 billion waterfront city at the Iskandar Development Region in South Johor lifted its shares, pushing it to RM3.22 (up 18 sen) while heavilly traded Hap Seng was up 24 sen to RM3.52 with 23.5 million shares traded.
Megan Media, which has fallen over the past week, staged a fightback to climb 1.5 sen to 7 sen with 15.2 million shares changing hands.
On the losing end, British American Tobacco lost 25 sen to RM42.25, MPI gave up 25 sen to RM9.75 while LionDiv was 20 sen lower to RM8.70. But most counters on the top-10 losing list were thinly traded.
CCCC-C1 dominated the most active list with 25.8 million shares traded. It was higher by 6.5 sen to 38 sen while GPA added 1.5 sen to 22.5 sen (25.6m shares). The most active list included heavyweight Tenaga which put on 10 sen to RM11.20 (11.4m shares).
