KUALA LUMPUR: The FBM KLCI rose in early trade on Monday, April 25 amidst cautious trade in line with the tighter trading at the few regional markets that were open today.
The Hong Kong and Australian markets remained closed today; the former for the Easter break and the latter for the Anzac Day holiday.
At 10am, the FBM KLCI was up 2.79 points to 1,525.54.
Gainers led losers by 221 to 179, while 228 counters traded unchanged. Volume was 296.98 million shares valued at RM155.57 million.
At the regional markets, Japan's Nikkei 225 rose 0.29% to 9,710.11 and South Koreas' Kospi was up 0.40% to 2,206.54.
Meanwhile, the Shanghai Composite Index fell 0.76% to 2,987.73, Taiwan's Taiex was down 0.12% to 8,959.00 and Singapore's Straits Times Index slipped 0.04% to 3,193.49.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note to clients April 25 said the local market had meandered in a very tight range since the beginning of the year.
'We expect that the market would do more of the same range-bound movements for the next few weeks, as market-moving local news flow appears to have dried up, 'he said.
On Bursa Malaysia, ''YTL was the top gainer at mid-morning and was up 22 sen to RM8.04; KYM rose 18 sen to RM2.27, CBIP and Ta Ann added 13 sen each to RM4.58 and RM6.78, United PLANTATION []s 12 sen to RM18.10, Press Metal and Coastal Contracts 11 sen each to RM2.61 and RM3.76, Nestle 10 sen to RM48.10, while Public Bank and Sarawak Plantations rose eight sen each to RM13.10 and RM2.38.
Among the decliners, KSL fell nine sen to RM1.70, GUH, SOP, Guan Chong, Genting and UMW fell six sen each to RM1.30, RM3.45, RM2.80, RM11.40 and RM7.02 respectively, while QSR fell five sen to RM5.60.
Meanwhile, Pos Malaysia lost five sen to RM3.32 with 922,800 shares done.
Khazanah Nasional Bhd has divested its strategic 32.21% stake in Pos Malaysia to DRB-HICOM BHD [] at RM3.60 per share or RM622.79 million, deemed a landmark divestment by the government's investment arm of its entire stake in a major government-linked company.
Iris was the most actively traded counter with 46.25 million shares done. The stock added three sen to 22 sen after it secured a US$149.96 million (RM451.61 million) contract from the government of Tanzania to supply 25 million identification cards based on the Smartcard Techonology.
Other actives included Ramunia, Karambunai, Focus, L&G,'' and Patimas.
The Hong Kong and Australian markets remained closed today; the former for the Easter break and the latter for the Anzac Day holiday.
At 10am, the FBM KLCI was up 2.79 points to 1,525.54.
Gainers led losers by 221 to 179, while 228 counters traded unchanged. Volume was 296.98 million shares valued at RM155.57 million.
At the regional markets, Japan's Nikkei 225 rose 0.29% to 9,710.11 and South Koreas' Kospi was up 0.40% to 2,206.54.
Meanwhile, the Shanghai Composite Index fell 0.76% to 2,987.73, Taiwan's Taiex was down 0.12% to 8,959.00 and Singapore's Straits Times Index slipped 0.04% to 3,193.49.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note to clients April 25 said the local market had meandered in a very tight range since the beginning of the year.
'We expect that the market would do more of the same range-bound movements for the next few weeks, as market-moving local news flow appears to have dried up, 'he said.
On Bursa Malaysia, ''YTL was the top gainer at mid-morning and was up 22 sen to RM8.04; KYM rose 18 sen to RM2.27, CBIP and Ta Ann added 13 sen each to RM4.58 and RM6.78, United PLANTATION []s 12 sen to RM18.10, Press Metal and Coastal Contracts 11 sen each to RM2.61 and RM3.76, Nestle 10 sen to RM48.10, while Public Bank and Sarawak Plantations rose eight sen each to RM13.10 and RM2.38.
Among the decliners, KSL fell nine sen to RM1.70, GUH, SOP, Guan Chong, Genting and UMW fell six sen each to RM1.30, RM3.45, RM2.80, RM11.40 and RM7.02 respectively, while QSR fell five sen to RM5.60.
Meanwhile, Pos Malaysia lost five sen to RM3.32 with 922,800 shares done.
Khazanah Nasional Bhd has divested its strategic 32.21% stake in Pos Malaysia to DRB-HICOM BHD [] at RM3.60 per share or RM622.79 million, deemed a landmark divestment by the government's investment arm of its entire stake in a major government-linked company.
Iris was the most actively traded counter with 46.25 million shares done. The stock added three sen to 22 sen after it secured a US$149.96 million (RM451.61 million) contract from the government of Tanzania to supply 25 million identification cards based on the Smartcard Techonology.
Other actives included Ramunia, Karambunai, Focus, L&G,'' and Patimas.
No comments:
Post a Comment