Monday, October 4, 2010

KLCI opens on firm note, CIMB, Maybank up

KUALA LUMPUR: The market opened on a firm note for the week on Monday, Oct 4 with some buying of CIMB and Maybank while glove markets saw some renewed interest.

At 9am, the FBM KLCI was up 3.41 points to 1,469.73. Turnover was 16.45 million shares valued at RM14.38 million. There were 87 gainers, 24 losers and 61 stocks unchanged.

CIMB rose six sen to RM8.19 and Maybank five sen to RM8.86. Glove makets Top Glove and Latexx rose seven sen each to RM5.42 and RM2.77 while Supermax edged up six sen to RM4.09.

Landmarks rose nine sen to RM1.39. The Edge weekly reported the recent rally in Landmarks's share price has led to speculation about the company's flagship asset on Bintan island in Indonesia.

The increase in investor interest is believed to have sprung from news that the project may be revived soon, said the weekly.

Equator Life Science rose 1.5 sen to nine sen with 1.8 million shares done. The Edge FinancialDaily reported that Datuk Ooi Kee Liang, who was at the centre of the shareholder feud in Golden Plus Bhd two years back, has emerged as the single largest shareholder in Equator Life Science.

AKN fell the most, down 9.5 sen to 3.5 sen with 50,000 shares done. Trading in the securities of AKN will be suspended with effect from Monday, Oct 11 after Bursa Malaysia rejected its regularisation plan.


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