KUALA LUMPUR: Companies from China which were listed on Bursa Malaysia rose in active trade on Tuesday, Aug 10, bucking the weaker broader market as trading interest picked up on expectations of better quality China companies would list here.
Four companies from China listed on Bursa, all of while are in the shoemaking industry,'' are K-Star Sports Ltd, Multi Sports Holdings Ltd, Xidelang Holdings Ltd and Xingquan International Sports Holdings Ltd.
At the close, Xinquan added 15 sen to RM1.82, Multisports added five sen to 50 sen and XDL three sen to 45.5 sen.
However, the FBM KLCI closed 0.95 of a point lower at 1,359.71. Turnover was 675.94 million units valued at RM1.13 billion. Declining counters beat advancers 409 to 255.
On Monday, Deputy Finance Minister Datuk Donald Lim said he would go to China at the end of the month to woo more Chinese companies to list on Bursa Malaysia.
Among the decliners were The Store, which fell 46 sen to RM2 but with 3,300 shares done. Tan Chong lost 16 sen to RM4.94, HL Bank 14 sen to RM8.97, KL Kepong and Amway 12 sen each to RM16.84 and RM8.
Nestle was the top gainer, up 58 sen to RM39.38 as investors sought dividend stocks. Notion VTec whose warrants were listed on Tuesday, jumped 30.5 sen to 31 sen.
Top Glove managed to shrug off Monday's losses to climb 28 sen to RM6.41.
Four companies from China listed on Bursa, all of while are in the shoemaking industry,'' are K-Star Sports Ltd, Multi Sports Holdings Ltd, Xidelang Holdings Ltd and Xingquan International Sports Holdings Ltd.
At the close, Xinquan added 15 sen to RM1.82, Multisports added five sen to 50 sen and XDL three sen to 45.5 sen.
However, the FBM KLCI closed 0.95 of a point lower at 1,359.71. Turnover was 675.94 million units valued at RM1.13 billion. Declining counters beat advancers 409 to 255.
On Monday, Deputy Finance Minister Datuk Donald Lim said he would go to China at the end of the month to woo more Chinese companies to list on Bursa Malaysia.
Among the decliners were The Store, which fell 46 sen to RM2 but with 3,300 shares done. Tan Chong lost 16 sen to RM4.94, HL Bank 14 sen to RM8.97, KL Kepong and Amway 12 sen each to RM16.84 and RM8.
Nestle was the top gainer, up 58 sen to RM39.38 as investors sought dividend stocks. Notion VTec whose warrants were listed on Tuesday, jumped 30.5 sen to 31 sen.
Top Glove managed to shrug off Monday's losses to climb 28 sen to RM6.41.
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