KUALA LUMPUR: Blue chips closed marginally higher on Thursday, Sept 30, supported by gains in Maybank and AMMB while the FBM KLCI is up 41 points in September and up 14.98% year-to-date after a volatile month.
For the day, the KLCI closed 1.72 points up at 1,463.50 but off the day's best on rising worries the European debt crisis will worsen and mixed performance of the key Asian markets.
The broader market turned cautious in the afternoon and at the close, there were 329 gainers, 399 losers and 280 stocks unchanged. Turnover was 1.05 billion units valued at RM1.718 billion.
The Nikkei 225 fell 1.99% to 9,369.35, Hang Seng Index lost 0.09% to 22,358.17 and Singapore's Straits Times Index 0.18% lower at 3,100.43. Shanghai's Composite Index rose 1.72% to 2,655.66.
European stock markets fell at the start on Thursday, pressured by a downgrade for Spanish sovereign debt by Moody's Investors Service to Aa1 from Aaa and news that the capital injection for nationalised Anglo Irish Bank could surpass US$40 billion, while Allied Irish Banks announced capital raising plans.
At Bursa Malaysia, among the top gainers were UBG BHD [], PUTRAJAYA PERDANA BHD [] and Loh & Loh Corp Bhd after they received a notice of mandatory takeover offer from PetroSaudi International Ltd, Seychelles and Sheikh Tarek Essam Ahmad Obaid.
PetroSaudi, via Javace Sdn Bhd, and parties acting in concert had offered RM2.50 per share. This is the latest development since December last year when PetroSaudi made the offer to take UBG private and delist it.
Also up were Putrajaya Perdna and Loh & Loh chich received the notice of mandatory takeover offer from PetroSaudi to acquire the shares at RM4.85 each.
Putrajaya Perdana added 53 sen to RM4.73, Loh & Loh 216 sen higher at RM4.75 and UBG 21 sen up at RM2.46.
Maybank rose nine sen to RM8.80, pushing up the KLCI by 1.54 points while AMMB added eight sen to RM5.93 and Public Bank four sen to RM12.56.
Boustead rose 36 sen to RM4.91, BHIC 23 sen to RM4.49 while and Kulim 20 sen to RM8.59. Proton and MAHB advanced 16 sen to to RM4.96 and RM5.75.
Among glove makers, Hartalega added 23 sen to RM4.70 but Top Glove lost 14 sen to RM5.13 and Supermax 12 sen to RM3.79.
Hai-O was the top loser, down 32 sen to RM2.94 after its net profit fell 57% to RM7.84 million in the first quarter ended July 31, 2010 from RM18.52 million a year ago as the multi-level marketing (MLM) division recorded lower revenue.
For the day, the KLCI closed 1.72 points up at 1,463.50 but off the day's best on rising worries the European debt crisis will worsen and mixed performance of the key Asian markets.
The broader market turned cautious in the afternoon and at the close, there were 329 gainers, 399 losers and 280 stocks unchanged. Turnover was 1.05 billion units valued at RM1.718 billion.
The Nikkei 225 fell 1.99% to 9,369.35, Hang Seng Index lost 0.09% to 22,358.17 and Singapore's Straits Times Index 0.18% lower at 3,100.43. Shanghai's Composite Index rose 1.72% to 2,655.66.
European stock markets fell at the start on Thursday, pressured by a downgrade for Spanish sovereign debt by Moody's Investors Service to Aa1 from Aaa and news that the capital injection for nationalised Anglo Irish Bank could surpass US$40 billion, while Allied Irish Banks announced capital raising plans.
At Bursa Malaysia, among the top gainers were UBG BHD [], PUTRAJAYA PERDANA BHD [] and Loh & Loh Corp Bhd after they received a notice of mandatory takeover offer from PetroSaudi International Ltd, Seychelles and Sheikh Tarek Essam Ahmad Obaid.
PetroSaudi, via Javace Sdn Bhd, and parties acting in concert had offered RM2.50 per share. This is the latest development since December last year when PetroSaudi made the offer to take UBG private and delist it.
Also up were Putrajaya Perdna and Loh & Loh chich received the notice of mandatory takeover offer from PetroSaudi to acquire the shares at RM4.85 each.
Putrajaya Perdana added 53 sen to RM4.73, Loh & Loh 216 sen higher at RM4.75 and UBG 21 sen up at RM2.46.
Maybank rose nine sen to RM8.80, pushing up the KLCI by 1.54 points while AMMB added eight sen to RM5.93 and Public Bank four sen to RM12.56.
Boustead rose 36 sen to RM4.91, BHIC 23 sen to RM4.49 while and Kulim 20 sen to RM8.59. Proton and MAHB advanced 16 sen to to RM4.96 and RM5.75.
Among glove makers, Hartalega added 23 sen to RM4.70 but Top Glove lost 14 sen to RM5.13 and Supermax 12 sen to RM3.79.
Hai-O was the top loser, down 32 sen to RM2.94 after its net profit fell 57% to RM7.84 million in the first quarter ended July 31, 2010 from RM18.52 million a year ago as the multi-level marketing (MLM) division recorded lower revenue.
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