KUALA LUMPUR: The broader market perked up in the morning session on Wednesday, Nov 3 despite a lacklustre performance by the FBM KLCI as trading focus was on newly-listed China Ouhua Winery Holdings Ltd and MULPHA INTERNATIONAL BHD [].
At midday, the KLCI was up 1.50 points to 1508.07. Volume was 727.78 million shares valued at RM644.13 million. Gainers beat losers nearly two to one or 419 to 221 while 304 counters were unchanged.
The ringgit weakened to 3.087 per US dollar, spot gold rose US$1.47 an ounce to US$1,355.98 while crude palm oil futures for December delivery rose RM4 to RM3,097 per tonne.
Hang Seng Index +1.95% 24,132.38 Kospi +1.06% 1,938.46 Singapore's Straits Times Index +0.80% 3,230.90 Taiwan's Taiex -0.42% 8,309.63 Shanghai Composite Index -0.14% 3,041.14 ''
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China Ouhua was most active with 43.58 million shares and Mulpha saw 43.22 million units done. China Ouhua rose eight sen'' to 68 sen while Mulpha added four sen to 55.5 sen whose associate company FKP Property Group is touted as a possible takeover target.
Genting rose eight sen to RM10.56, KLK eight sen to RM19.82, Axiata three sen to RM4.47, AMMB three sen to RM6.33, Genting Malaysia two sen to RM3.49 and Maybank one sen to RM8.99.
Steel stocks rose following the RM5 billion investment announcement by the newly-formed Malaysia Steel Association. Ann Joo added four sen to RM3.08, Perwaja climbed three sen to RM1.12 and Kinsteel one sen to RM1.
Kulim surged 22 sen to RM10.66, Padini 19 sen to RM5.20, and Majuperak 18 sen to 61.5 sen. Decliners include DiGi which shed 16 sen to RM25.40, Nestle 14 sen to RM43.26 and Ewein 11 sen to 84 sen.
OSK Research said overnight the Dow Jones Industrial Average rose 64 points in anticipation of confidence boosting Congressional election results.
'We expect our market to trade range bound but with an upward bias as the market looks to react on any upside surprise in the upcoming earnings reporting season,' it said in its market preview.
At midday, the KLCI was up 1.50 points to 1508.07. Volume was 727.78 million shares valued at RM644.13 million. Gainers beat losers nearly two to one or 419 to 221 while 304 counters were unchanged.
The ringgit weakened to 3.087 per US dollar, spot gold rose US$1.47 an ounce to US$1,355.98 while crude palm oil futures for December delivery rose RM4 to RM3,097 per tonne.
Hang Seng Index +1.95% 24,132.38 Kospi +1.06% 1,938.46 Singapore's Straits Times Index +0.80% 3,230.90 Taiwan's Taiex -0.42% 8,309.63 Shanghai Composite Index -0.14% 3,041.14 ''
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China Ouhua was most active with 43.58 million shares and Mulpha saw 43.22 million units done. China Ouhua rose eight sen'' to 68 sen while Mulpha added four sen to 55.5 sen whose associate company FKP Property Group is touted as a possible takeover target.
Genting rose eight sen to RM10.56, KLK eight sen to RM19.82, Axiata three sen to RM4.47, AMMB three sen to RM6.33, Genting Malaysia two sen to RM3.49 and Maybank one sen to RM8.99.
Steel stocks rose following the RM5 billion investment announcement by the newly-formed Malaysia Steel Association. Ann Joo added four sen to RM3.08, Perwaja climbed three sen to RM1.12 and Kinsteel one sen to RM1.
Kulim surged 22 sen to RM10.66, Padini 19 sen to RM5.20, and Majuperak 18 sen to 61.5 sen. Decliners include DiGi which shed 16 sen to RM25.40, Nestle 14 sen to RM43.26 and Ewein 11 sen to 84 sen.
OSK Research said overnight the Dow Jones Industrial Average rose 64 points in anticipation of confidence boosting Congressional election results.
'We expect our market to trade range bound but with an upward bias as the market looks to react on any upside surprise in the upcoming earnings reporting season,' it said in its market preview.
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