KUALA LUMPUR: Sime Darby bucked the weaker market sentiment in early trade on Thursday, Nov 18 as investors expected the worst to be behind the conglomerate.
At 9.08am, Sime rose 11 sen to RM8.91. There were 92,800 shares done.
However, the KLCI'' was down 7.79 points to 1,495.75. Turnover was 53.28 million shares valued at RM62.17 million. There were 111 gainers, 112 losers and 124 stocks unchanged.
Sime Darby acting president and group chief executive Datuk Mohd Bakke Salleh said last Tuesday that he expected the group to be in the black in the first quarter ended Sept 30, 2010 (1QFY11).
In a surprising move at Tuesday's AGM, six members of the board did not seek reelection while one resigned, as the group seeks to steer back into profitability after massive losses from its energy and utilities division.
At 9.08am, Sime rose 11 sen to RM8.91. There were 92,800 shares done.
However, the KLCI'' was down 7.79 points to 1,495.75. Turnover was 53.28 million shares valued at RM62.17 million. There were 111 gainers, 112 losers and 124 stocks unchanged.
Sime Darby acting president and group chief executive Datuk Mohd Bakke Salleh said last Tuesday that he expected the group to be in the black in the first quarter ended Sept 30, 2010 (1QFY11).
In a surprising move at Tuesday's AGM, six members of the board did not seek reelection while one resigned, as the group seeks to steer back into profitability after massive losses from its energy and utilities division.
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