KUALA LUMPUR: Positive manufacturing data provided the boost for Bursa Malaysia in the half-day trading session on Thursday, Sept 9 and also in line with the positive key regional markets.
The market is closed in the afternoon session for Hari Raya Aidilfitri and resumes next Monday, at 9am.
The Statistics Department said the industrial production index (IPI) for July rose 3.2% on-year, underpinned by stronger manufacturing growth while the June IPI was revised to 9.3% on-year. It said the increase in July was due to the increases in manufacturing (7.2%) and electricity (4.4%).
At 12.30pm, the FBM KLCI was up 3.64 points to 1,437.78. Gainers beat losers by 402 to 162, while 280 counters traded unchanged. Volume was 449.65 million shares valued at RM861.12 million.
Nikkei 225
+0.93%
9,108.80
Hang Seng Index
+0.55%
21,204.47
Singapore's Straits Times Index
+0.11%
3,014.60
Shanghai Composite Index
-1.03%
2,667.60
Taiwan's Taiex
-0.20%
7,835.27
At Bursa, consumer stocks were among the major gainers due to the dividends paid out.
Nestle rose 70 sen to RM42 after Maybank Investment Bank Research reiterated its Buy call at a discounted cashflow-based target price of RM43.86 on earnings growth of 10%-14% per annum in the 2010-12 period.
BAT added 52 sen to RM47.72. Anticipating an increase in indirect taxes for the tobacco industry soon, BAT expressed hope the Budget 2011 proposals would reflect a moderate and gradual excise increase regime in view of the widespread presence of smuggled cigarettes in Malaysia.
F N gained 38 sen to RM14.28 while Tan Chong and KFCH were up 27 sen each to RM5.30 and RM3.08.
Ibraco rose 23 sen to RM1.20, PacificMas was up 20 sen to RM4.73, Supermax added 19 sen to RM4.83 while Naim rose 18 sen to RM3.59.
Tasek was the top loser today and fell 25 sen to RM6.50,, BLD Plantation down 11 sen to RM4.20 while Cahya Mata Sarawak and Far East Corp fell 10 sen each to RM2.43 and RM6.70.
Timecom was the most actively traded counter today with 13 million shares done. The stock rose 1.5 sen to 63 sen. Other actives included KNM, Linear, IOI Corporation, Tejari, Axiata, LCL Corp and Carotech.
The market is closed in the afternoon session for Hari Raya Aidilfitri and resumes next Monday, at 9am.
The Statistics Department said the industrial production index (IPI) for July rose 3.2% on-year, underpinned by stronger manufacturing growth while the June IPI was revised to 9.3% on-year. It said the increase in July was due to the increases in manufacturing (7.2%) and electricity (4.4%).
At 12.30pm, the FBM KLCI was up 3.64 points to 1,437.78. Gainers beat losers by 402 to 162, while 280 counters traded unchanged. Volume was 449.65 million shares valued at RM861.12 million.
Nikkei 225
+0.93%
9,108.80
Hang Seng Index
+0.55%
21,204.47
Singapore's Straits Times Index
+0.11%
3,014.60
Shanghai Composite Index
-1.03%
2,667.60
Taiwan's Taiex
-0.20%
7,835.27
At Bursa, consumer stocks were among the major gainers due to the dividends paid out.
Nestle rose 70 sen to RM42 after Maybank Investment Bank Research reiterated its Buy call at a discounted cashflow-based target price of RM43.86 on earnings growth of 10%-14% per annum in the 2010-12 period.
BAT added 52 sen to RM47.72. Anticipating an increase in indirect taxes for the tobacco industry soon, BAT expressed hope the Budget 2011 proposals would reflect a moderate and gradual excise increase regime in view of the widespread presence of smuggled cigarettes in Malaysia.
F N gained 38 sen to RM14.28 while Tan Chong and KFCH were up 27 sen each to RM5.30 and RM3.08.
Ibraco rose 23 sen to RM1.20, PacificMas was up 20 sen to RM4.73, Supermax added 19 sen to RM4.83 while Naim rose 18 sen to RM3.59.
Tasek was the top loser today and fell 25 sen to RM6.50,, BLD Plantation down 11 sen to RM4.20 while Cahya Mata Sarawak and Far East Corp fell 10 sen each to RM2.43 and RM6.70.
Timecom was the most actively traded counter today with 13 million shares done. The stock rose 1.5 sen to 63 sen. Other actives included KNM, Linear, IOI Corporation, Tejari, Axiata, LCL Corp and Carotech.
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