Posted on April - 06 - 2010

Asian shares close higher

KUALA LUMPUR Share prices on Bursa Malaysia ended higher today on technical rebound as strong gains on key heavyweights, led by MISC, pulled the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) up 0.08 per cent, dealers said.

In rangebound trade, the benchmark FBM KLCI rose 1.05 points to close to close at 1,333.89. The FBM Emas Index earned 19.89 points to 9,086.59, the FBM70 advanced 4.24 points to 9,127.65 and the FBM Ace Index advanced 40.88 points to 4,295.13

Gainers outpaced losers by 470 to 266 while 267 counters were unchanged, 354 untraded and 32 others suspended.

Total trading volume stood at 1.254 billion shares worth RM1.582 billion (S$556 billion), down slightly from Thursday’s closing of 1.278 billion shares worth RM1.737 billion.

HONG KONGHong Kong surged after breaking the 22,000 level for the first time since January, spurring further buying that was helped by speculation Beijing may allow its currency to rise, a move that would boost exporters’ income.

The Hang Seng closed 1.56 per cent, or 341.46 points, higher at 22,208.50. Turnover was 76.17 billion Hong Kong dollars (S$13.7 billion)

SHANGHAIChinese equities ended two straight falls on Friday and rose 0.85 percent led by strong gains of heavyweights.

The benchmark Shanghai Composite Index jumped 0.85 per cent, or 26.64 points, to end at 3,145.35 points.

Combined turnover was 244.72 billion yuan (S$49.95 billion), down from 258.44 billion yuan on the previous trading day.

TOKYOJapanese shares closed 0.32 per cent higher on Friday led by gains in the retail sector on prospects of strong earnings reports, but the upward trend was partly offset by profit-taking, dealers said.

The headline Nikkei index of the Tokyo Stock Exchange gained 36.14 points to 11,204.34. The broader Topix index of all first section shares firmed 3.43 points or 0.35 per cent to 982.42. — AFP, BERNAMA

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