KUALA LUMPUR: The FBM KLCI remained in positive territory at the mid-day break on Wednesday, Jan 12 but gains were limited as some mild profit taking began to emerge, with losses at index-linked banking and PLANTATION []-related stocks.
At 12.30pm, the FBM KLCI was up marginally by 0.05% or 0.74 point to 1,563.68, off its intra-morning high of 1,569.08. Losers led gainers by 414 to 356, while 275 counters traded unchanged. Volume was 1.35 billion shares valued at RM1.23 billion.
The ringgit strengthened 0.22% to 3.0631 versus the greenback; crude palm oil futures for the third month delivery fell RM53 per tonne to RM3,621, crude oil rose two cents to US$91.13 while gold added US$1.97 per troy ounce to US$1,383.50.
At the regional markets, Hong Kong's Hang Seng Index was up 0.79% to 23,948.69, Taiwan's Taiex rose 0.29% to 8,957.62, South Korea's Kospi added 0.25% to 2,093.59, Japan's Nikkei 225 rose 0.19% to 10,530.48, the Shanghai Composite Index up 0.13% to 2,807.72 while Singapore's Straits Times Index slipped 0.08% to 3,238.79.
On Bursa Malaysia, Nestle was the top gainer this morning and rose 40 sen to RM41.10.
Oil and gas-related counters continued to advance following the government's Economic Transformation Programme to have 19 entry-point projects which were expected to attract almost RM67 billion in investments, especially oil, gas and energy.
SapuraCrest jumped 33 sen to RM3.78, KNM added 14 sen to RM3.16, Petronas Dagangan 12 sen to RM12.08, Deleum 10 sen to RM1.72 while Dialog and Kencana were up six sen each to RM2.22 and RM2.79.
JT International and BAT rose 20 sen each to RM6.28 and RM47. Maybank Investment Bank Bhd Research in a note Jan 12 had upped its target price for JT International to RM8.10 from RM6.50 previously.
Genting added 14 sen to RM11.56, Gamuda, Petronas Gas and Petronas Chemicals rose two sen each to RM4.20, RM11.22 and RM6 respectively, Telekom up four sen to RM3.67 while Bernas gained 19 sen to RM2.94.
Among banking stocks, Maybank fell four sen to RM8.90, while AMMB and Public Bank were down two sen each to 6.95 and RM13.44.
Hap Seng extended its losses and fell 65 sen to RM6.15 after its plans to raise nearly RM1.5 billion from a share placement and rights issue. Among plantations, PPB fell 26 sen to RM17.08 and KLK lost 10 sen to RM22.26.
Rubber glove makers also declined on latex cost concerns. Supermax fell nine sen to RM4.60, Top Glove eight sen to RM5.30, Kossan five sen to RM3.28, Hartalega and Latexx three sen each to RM5.57 and RM2.57 while Adventa fell two sen to RM2.57.
Among the actively traded stocks were SAAG, Talam, Olympia, Ramunia, Borneo Oil and Daya Materials.
At 12.30pm, the FBM KLCI was up marginally by 0.05% or 0.74 point to 1,563.68, off its intra-morning high of 1,569.08. Losers led gainers by 414 to 356, while 275 counters traded unchanged. Volume was 1.35 billion shares valued at RM1.23 billion.
The ringgit strengthened 0.22% to 3.0631 versus the greenback; crude palm oil futures for the third month delivery fell RM53 per tonne to RM3,621, crude oil rose two cents to US$91.13 while gold added US$1.97 per troy ounce to US$1,383.50.
At the regional markets, Hong Kong's Hang Seng Index was up 0.79% to 23,948.69, Taiwan's Taiex rose 0.29% to 8,957.62, South Korea's Kospi added 0.25% to 2,093.59, Japan's Nikkei 225 rose 0.19% to 10,530.48, the Shanghai Composite Index up 0.13% to 2,807.72 while Singapore's Straits Times Index slipped 0.08% to 3,238.79.
On Bursa Malaysia, Nestle was the top gainer this morning and rose 40 sen to RM41.10.
Oil and gas-related counters continued to advance following the government's Economic Transformation Programme to have 19 entry-point projects which were expected to attract almost RM67 billion in investments, especially oil, gas and energy.
SapuraCrest jumped 33 sen to RM3.78, KNM added 14 sen to RM3.16, Petronas Dagangan 12 sen to RM12.08, Deleum 10 sen to RM1.72 while Dialog and Kencana were up six sen each to RM2.22 and RM2.79.
JT International and BAT rose 20 sen each to RM6.28 and RM47. Maybank Investment Bank Bhd Research in a note Jan 12 had upped its target price for JT International to RM8.10 from RM6.50 previously.
Genting added 14 sen to RM11.56, Gamuda, Petronas Gas and Petronas Chemicals rose two sen each to RM4.20, RM11.22 and RM6 respectively, Telekom up four sen to RM3.67 while Bernas gained 19 sen to RM2.94.
Among banking stocks, Maybank fell four sen to RM8.90, while AMMB and Public Bank were down two sen each to 6.95 and RM13.44.
Hap Seng extended its losses and fell 65 sen to RM6.15 after its plans to raise nearly RM1.5 billion from a share placement and rights issue. Among plantations, PPB fell 26 sen to RM17.08 and KLK lost 10 sen to RM22.26.
Rubber glove makers also declined on latex cost concerns. Supermax fell nine sen to RM4.60, Top Glove eight sen to RM5.30, Kossan five sen to RM3.28, Hartalega and Latexx three sen each to RM5.57 and RM2.57 while Adventa fell two sen to RM2.57.
Among the actively traded stocks were SAAG, Talam, Olympia, Ramunia, Borneo Oil and Daya Materials.
No comments:
Post a Comment