KUALA LUMPUR:'' Consumer stocks were in focus on Monday, July 12, with some funds seen nibbling on F&N, Dutch Lady, Nestle and KFCH but volume was relatively thin
The broader market was firmer in line with key regional markets, though profit taking was seen in the afternoon session due the cautious performance of European bourses.
European shares fell on Monday as miners lost ground, tracking weaker metals prices, after weekend data showed China's June copper imports fell short of expectations, though overall trade data surprised on the upside, according to Reuters.
Gains seen mostly from Axiata Group, which rose 12 sen to RM4.12, managed to push the FBM KLCI higher by 2.43 points to close at 1,326.74. It opened 0.4 point lower at 1,323.91.
Total turnover was 610.64 million shares valued at RM990.82 million. Gainers led losers by 371 to 265 while 277 counters were unchanged.
The INDUSTRIAL INDEX [] increased 7.33 points to 2,641.18, the PLANTATION [] Index added 3.27 points to 6,277.21 and the Finance Index advanced 23.85 points to 11,975.52.
The FBM Emas Index rose 24.75 points to 8,955.63, the FBM70 [] Index surged 37.0 points to 8,965.27 while the FBM Ace Index slipped 20.67 points to 3,741.06.
At Bursa, F&N was the top gainer, rising 64 sen to RM13.30 as the company mulled plans about the usage of the RM738.6 million following the divestment of its entire equity interest in Malaya Glass Products Sdn Bhd.
Dutch Lady added 50 sen to RM13.80, Nestle 30 sen to RM35.50 and KFCH 30 sen to RM10.30.
LPI rose 34 sen to RM17.14 after it had declared an interim dividend of 10 sen per share, proposed a bonus issue of up to 69.36 million new shares on a one for two basis'' and also a proposed renounceable rights issue of up to 13.87 million'' new rights shares at an issue price of RM7 per rights share.
The rights shares will be on the basis of one rights share for every 10 existing LPI shares held.
Sinotop-OR was the most active with 39.90 million units done, shedding one sen to 0.5 sen. It ceases trading on Tuesday.
Tanjong was the top loser, down 30 sen to RM17.48, United Plantations 12 sen to RM14 while GENTING BHD [] and Petronas Dagangan lost 10 sen each to RM7.37 and RM9.40.
The broader market was firmer in line with key regional markets, though profit taking was seen in the afternoon session due the cautious performance of European bourses.
European shares fell on Monday as miners lost ground, tracking weaker metals prices, after weekend data showed China's June copper imports fell short of expectations, though overall trade data surprised on the upside, according to Reuters.
Gains seen mostly from Axiata Group, which rose 12 sen to RM4.12, managed to push the FBM KLCI higher by 2.43 points to close at 1,326.74. It opened 0.4 point lower at 1,323.91.
Total turnover was 610.64 million shares valued at RM990.82 million. Gainers led losers by 371 to 265 while 277 counters were unchanged.
The INDUSTRIAL INDEX [] increased 7.33 points to 2,641.18, the PLANTATION [] Index added 3.27 points to 6,277.21 and the Finance Index advanced 23.85 points to 11,975.52.
The FBM Emas Index rose 24.75 points to 8,955.63, the FBM70 [] Index surged 37.0 points to 8,965.27 while the FBM Ace Index slipped 20.67 points to 3,741.06.
At Bursa, F&N was the top gainer, rising 64 sen to RM13.30 as the company mulled plans about the usage of the RM738.6 million following the divestment of its entire equity interest in Malaya Glass Products Sdn Bhd.
Dutch Lady added 50 sen to RM13.80, Nestle 30 sen to RM35.50 and KFCH 30 sen to RM10.30.
LPI rose 34 sen to RM17.14 after it had declared an interim dividend of 10 sen per share, proposed a bonus issue of up to 69.36 million new shares on a one for two basis'' and also a proposed renounceable rights issue of up to 13.87 million'' new rights shares at an issue price of RM7 per rights share.
The rights shares will be on the basis of one rights share for every 10 existing LPI shares held.
Sinotop-OR was the most active with 39.90 million units done, shedding one sen to 0.5 sen. It ceases trading on Tuesday.
Tanjong was the top loser, down 30 sen to RM17.48, United Plantations 12 sen to RM14 while GENTING BHD [] and Petronas Dagangan lost 10 sen each to RM7.37 and RM9.40.
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