KUALA LUMPUR: Infrastructure players including Gamuda, MMC Corp, YTL Corp advanced on Wednesday, Sept 22 on expectations they would take the lead in infrastructure projects to be implemented under the Economic Transformation Programme (ETP).
The FBM KLCI rose 1.25 points to 1,477.24 at midday, lifted by gains including Gamuda, YTL Corp, Genting and MMC Corp. Gainers led losers by 347 to 299, while 270 counters traded unchanged. Volume was 789.55 million shares valued at RM1.01 billion.
Gamuda shares, call warrants and warrants totalled 81.71 million units, accounting'' for 10.35% of total trading volume.
The ringgit strengthened 0.31% versus the greenback to 3.0910; crude palm oil for the third month delivery rose RM6 per tonne to RM2,676, crude oil rose 12 cents per barrel to US$75.09 and gold added US$1.20 per ounce to US$1,288.35.
''
Hang Seng Index +0.84% 22,187.24 Singapore's Straits Times Index +0.62% 3,114.72 Nikkei 225 -0.17% 9,586.05. ''
The South Korean, Taiwan and Shanghai stock exchanges are closed.
OSK Research said key players involved in infrastructure development are expected'' to benefit from the implementation of the ETP, including the RM36 billion KL mass rapid transit (MRT) which features in the Greater Kuala Lumpur plan. They include Gamuda and MMC Corp (TRADING BUY, FV: RM2.59) for the MRT and MRCB, which may be involved in land'' development around KL.
Gamuda added'' 19 sen to RM3.94, Gamuda-WD gained 13 sen to RM1.38 and Gamuda-CM 6.5 sen to 24 sen on hopes of taking the lead in the MRT project in Kuala Lumpur. MMC Corp was up 13 sen to RM2.91 and MRCB up four sen to RM2.04.
Among the major gainers YTL Corp rose 22 sen to RM7.81 on hopes of the high speed rail link from Kuala Lumpur to Singapore.
Tradewinds added 23 sen to RM4.17, Lion Forest Industries and Wah Seong rose 19 sen each to RM1.86 and RM2.27,Genting rose eight sen to'' RM10.44, , Bursa up 30 sen to RM8.
Plenitude up 15 sen to RM4.89, SHL Consolidated up 13 sen to RM1.24 and E&O added'' nine sen to RM1.23.
Among the losers, Far East Holdings fell 38 sen to RM6.50, Tasek down 26 sen to RM6.62, Masterskill fell 20 sen to RM3.20, Top Glove lost 16 sen to RM5.39, DFZ Capital down 15 sen to RM3.60, Mudajaya fell 13 sen to RM4.25 while Boustead lost'' 12 sen to RM4.45.
The actives included Genting Malaysia call warrants, Gamuda call warrants, KNM,'' Zelan, E&O and Karambunai. Karambunai surged 36% to 7.5 sen in the morning session on a news portal report about an integrated resort in Sabah.
The FBM KLCI rose 1.25 points to 1,477.24 at midday, lifted by gains including Gamuda, YTL Corp, Genting and MMC Corp. Gainers led losers by 347 to 299, while 270 counters traded unchanged. Volume was 789.55 million shares valued at RM1.01 billion.
Gamuda shares, call warrants and warrants totalled 81.71 million units, accounting'' for 10.35% of total trading volume.
The ringgit strengthened 0.31% versus the greenback to 3.0910; crude palm oil for the third month delivery rose RM6 per tonne to RM2,676, crude oil rose 12 cents per barrel to US$75.09 and gold added US$1.20 per ounce to US$1,288.35.
''
Hang Seng Index +0.84% 22,187.24 Singapore's Straits Times Index +0.62% 3,114.72 Nikkei 225 -0.17% 9,586.05. ''
The South Korean, Taiwan and Shanghai stock exchanges are closed.
OSK Research said key players involved in infrastructure development are expected'' to benefit from the implementation of the ETP, including the RM36 billion KL mass rapid transit (MRT) which features in the Greater Kuala Lumpur plan. They include Gamuda and MMC Corp (TRADING BUY, FV: RM2.59) for the MRT and MRCB, which may be involved in land'' development around KL.
Gamuda added'' 19 sen to RM3.94, Gamuda-WD gained 13 sen to RM1.38 and Gamuda-CM 6.5 sen to 24 sen on hopes of taking the lead in the MRT project in Kuala Lumpur. MMC Corp was up 13 sen to RM2.91 and MRCB up four sen to RM2.04.
Among the major gainers YTL Corp rose 22 sen to RM7.81 on hopes of the high speed rail link from Kuala Lumpur to Singapore.
Tradewinds added 23 sen to RM4.17, Lion Forest Industries and Wah Seong rose 19 sen each to RM1.86 and RM2.27,Genting rose eight sen to'' RM10.44, , Bursa up 30 sen to RM8.
Plenitude up 15 sen to RM4.89, SHL Consolidated up 13 sen to RM1.24 and E&O added'' nine sen to RM1.23.
Among the losers, Far East Holdings fell 38 sen to RM6.50, Tasek down 26 sen to RM6.62, Masterskill fell 20 sen to RM3.20, Top Glove lost 16 sen to RM5.39, DFZ Capital down 15 sen to RM3.60, Mudajaya fell 13 sen to RM4.25 while Boustead lost'' 12 sen to RM4.45.
The actives included Genting Malaysia call warrants, Gamuda call warrants, KNM,'' Zelan, E&O and Karambunai. Karambunai surged 36% to 7.5 sen in the morning session on a news portal report about an integrated resort in Sabah.
No comments:
Post a Comment