KUALA LUMPUR: Blue chips opened on a firmer note on Monday, Feb 14, underpinned'' by gains in GENTING BHD [] and Kulim, after the selldown last week.
At 9.02am, the FBM KLCI was up 2.89 points to 1,497.41. Turnover was 38.2 million shares valued at RM27.23 million. There were 142 gainers, 27 losers and 86 stocks unchanged.
Kulim rose 36 sen to RM13.50 following its corporate exercise including its bonus issue and Genting 10 sen to RM10.18. Banks advanced but in razor thin trade, with HLFG adding 25 sen to RM9, HLBank 13 sen to RM9.34.
Among PLANTATION []s, Genting Plantations added 19 sen to RM8.29, PPB 14 sen to RM16.45 and IOI Corp eight sen to RM5.61.
Pos Malaysia rose eight sen to RM3.43. OSK Research is maintaining its BUY call on Pos Malaysia with an unchanged target price of RM4.45 based on a sum of parts valuation.
It said on Monday the potential review of the Postal Land Act and announcement of the potential buyer of the 32.2% stake are the catalysts for Pos Malaysia.
At 9.02am, the FBM KLCI was up 2.89 points to 1,497.41. Turnover was 38.2 million shares valued at RM27.23 million. There were 142 gainers, 27 losers and 86 stocks unchanged.
Kulim rose 36 sen to RM13.50 following its corporate exercise including its bonus issue and Genting 10 sen to RM10.18. Banks advanced but in razor thin trade, with HLFG adding 25 sen to RM9, HLBank 13 sen to RM9.34.
Among PLANTATION []s, Genting Plantations added 19 sen to RM8.29, PPB 14 sen to RM16.45 and IOI Corp eight sen to RM5.61.
Pos Malaysia rose eight sen to RM3.43. OSK Research is maintaining its BUY call on Pos Malaysia with an unchanged target price of RM4.45 based on a sum of parts valuation.
It said on Monday the potential review of the Postal Land Act and announcement of the potential buyer of the 32.2% stake are the catalysts for Pos Malaysia.
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