KUALA LUMPUR: Blue chips managed to eke out marginal gains on Monday, Aug 9 after spending most of the trading day in the negative territory as investors took profit, sending the broader market lower.
At 5pm, the FBM KLCI was up just 0.21 of a point to 1,360.66. Turnover was 699.32 million shares valued at RM1.06 billion. There were 293 gainers, 402 losers and 256 stocks unchanged.
Key regional markets were mostly higher in line with world stocks as weaker-than-expected July US jobs data raised hopes the Federal Reserve, which meets on Tuesday, was prepared to print more money to counter renewed economic weakness.
Japan's Nikkei 225 fell 0.72% to 9,572.49; Hong Kong's Hang Seng Index rose 0.57% to 21,801.59 while Shanghai's Composite Index gained 0.53% to 2,672.53. Taiwan's Taiex rose 0.89% to 8,034.49 and South Korea's Kosp[I edged up 0.36% to 1,790.17.
At Bursa Malaysia, Sime rose nine sen to RM7.61, pushing up the 30-stock index up by 1.31 points. Other index-linked stocks which ended the day higher were IOI Corp, up two sen to RM5.14, AMMB and MISC three sen each to RM5.22 and RM8.78. Maybank was one sen higher at RM7.72 and MMC Corp four sen to RM2.64.
Mudajaya rose 50 sen to RM4.50 with 12.42 million shares done following a positive report from CIMB Equities Research.
Expectations that state-controlled Terengganu Inc Sdn Bhd plans to privatise its 40.13%-owned EPIC saw the share price climbing 19 sen to RM2.30.
Tasek added 33 sen to RM6.93, Tan Chong, Kulim and MAHB gained 20 sen each to RM5.10, RM8.16 and RM5.49 respectively.
Ho Hup fell 19.5 sen to 49.5 sen, making it the top loser while Notion VTec lost 17 sen to RM1.87. Among glove makers, Kossan fell 14 sen RM3.67, Top Glove 11 sen to RM6.13 and Supermax 14 sen to RM6.
At 5pm, the FBM KLCI was up just 0.21 of a point to 1,360.66. Turnover was 699.32 million shares valued at RM1.06 billion. There were 293 gainers, 402 losers and 256 stocks unchanged.
Key regional markets were mostly higher in line with world stocks as weaker-than-expected July US jobs data raised hopes the Federal Reserve, which meets on Tuesday, was prepared to print more money to counter renewed economic weakness.
Japan's Nikkei 225 fell 0.72% to 9,572.49; Hong Kong's Hang Seng Index rose 0.57% to 21,801.59 while Shanghai's Composite Index gained 0.53% to 2,672.53. Taiwan's Taiex rose 0.89% to 8,034.49 and South Korea's Kosp[I edged up 0.36% to 1,790.17.
At Bursa Malaysia, Sime rose nine sen to RM7.61, pushing up the 30-stock index up by 1.31 points. Other index-linked stocks which ended the day higher were IOI Corp, up two sen to RM5.14, AMMB and MISC three sen each to RM5.22 and RM8.78. Maybank was one sen higher at RM7.72 and MMC Corp four sen to RM2.64.
Mudajaya rose 50 sen to RM4.50 with 12.42 million shares done following a positive report from CIMB Equities Research.
Expectations that state-controlled Terengganu Inc Sdn Bhd plans to privatise its 40.13%-owned EPIC saw the share price climbing 19 sen to RM2.30.
Tasek added 33 sen to RM6.93, Tan Chong, Kulim and MAHB gained 20 sen each to RM5.10, RM8.16 and RM5.49 respectively.
Ho Hup fell 19.5 sen to 49.5 sen, making it the top loser while Notion VTec lost 17 sen to RM1.87. Among glove makers, Kossan fell 14 sen RM3.67, Top Glove 11 sen to RM6.13 and Supermax 14 sen to RM6.
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