KUALA LUMPUR: The FBM KLCI remained in the red at the mid-day break as RHB Capital, Maybank and CIMB came into focus following a report that the two latter banks were dropping their separate takeover bids for RHB Capital.
The FBM KLCI fell 3.49 points to 1,563.86 at the mid-day break.
Losers beat gainers by 372 to 193, while 295 counters traded unchanged. Volume was 393.53 million shares valued at RM568.26 million.
The ringgit weakened 0.3% to 3.0293 versus the US dollar; crude palm oil futures for the third month delivery slipped RM7 per tonne to RM3,171, crude oil fell US$1.25 per barrel to US$94.16 while gold lost US$2.10 an ounce to US$1,546.85.
Regional markets were mixed, with Japan's Nikkei 225 up 0.05% to 9,634.18, the Shanghai Composite Index up 0.24% to 2,655.70, Singapore's Straits Times Index up 0.16% to 3,047.59 while Hong Kong's Hang Seng Index fell 0.79% to 21,688.07, Taiwan's Taiex lost 0.67% to 8,563.67 and South Korea's Kospi shed 0.28% to 2,058.15.
Shares of RHB Capital, Maybank and CIMB fell this morning after the Singapore Straits Times said the two banks had decided to drop separate plans to take over RHB Capital.
RHB Capital fell 48 sen to RM9.12 with 7.32 million shares traded, while CIMB fell four sen to RM8.51 and Maybank lost one sen to RM8.83.
Other losers this morning included BAT that fell 40 sen to RM45.80, Ibraco 24 sen to 98 sen, KLK 20 sen to RM21.90, DiGi 16 sen to RM28.84, Inno and Carlsberg down 12 sen each to RM1.41 and RM7.30, JT International 11 sen to RM7.02 while Esso fell 5.15.
Meanwhile, shares of the Lion Group of companies were actively traded on news that the group was seeking to consolidate its steel business soon to pave way for the entry of a foreign strategic partner to help grow its steel operations.
Responding to the reports, Lion Corp, Lion Industries and Lion Diversified in separate announcements to Bursa Malaysia Securities this morning said the group had commenced preliminary discussions with various parties regarding a potential strategic collaboration.
'The company wishes to emphasise that these discussions are at an exploratory stage and accordingly, there can be no certainty that it will lead to a more definitive and conclusive understanding between the parties.
'In this regard, the company will make the appropriate disclosures in due course and at the appropriate time,' they each said.
Lion Industries rose five sen to RM1.92 with 7.1 million shares done, Lion Diversified added 2.5 sen to 46.5 sen with 21.3 million shares traded while Lion Corp was unchanged at 30 sen with 34.7 million shares done.
Gainers this morning included United PLANTATION []s, Dutch Lady, Goldis, Genting, Shell and BIMB.
''
The FBM KLCI fell 3.49 points to 1,563.86 at the mid-day break.
Losers beat gainers by 372 to 193, while 295 counters traded unchanged. Volume was 393.53 million shares valued at RM568.26 million.
The ringgit weakened 0.3% to 3.0293 versus the US dollar; crude palm oil futures for the third month delivery slipped RM7 per tonne to RM3,171, crude oil fell US$1.25 per barrel to US$94.16 while gold lost US$2.10 an ounce to US$1,546.85.
Regional markets were mixed, with Japan's Nikkei 225 up 0.05% to 9,634.18, the Shanghai Composite Index up 0.24% to 2,655.70, Singapore's Straits Times Index up 0.16% to 3,047.59 while Hong Kong's Hang Seng Index fell 0.79% to 21,688.07, Taiwan's Taiex lost 0.67% to 8,563.67 and South Korea's Kospi shed 0.28% to 2,058.15.
Shares of RHB Capital, Maybank and CIMB fell this morning after the Singapore Straits Times said the two banks had decided to drop separate plans to take over RHB Capital.
RHB Capital fell 48 sen to RM9.12 with 7.32 million shares traded, while CIMB fell four sen to RM8.51 and Maybank lost one sen to RM8.83.
Other losers this morning included BAT that fell 40 sen to RM45.80, Ibraco 24 sen to 98 sen, KLK 20 sen to RM21.90, DiGi 16 sen to RM28.84, Inno and Carlsberg down 12 sen each to RM1.41 and RM7.30, JT International 11 sen to RM7.02 while Esso fell 5.15.
Meanwhile, shares of the Lion Group of companies were actively traded on news that the group was seeking to consolidate its steel business soon to pave way for the entry of a foreign strategic partner to help grow its steel operations.
Responding to the reports, Lion Corp, Lion Industries and Lion Diversified in separate announcements to Bursa Malaysia Securities this morning said the group had commenced preliminary discussions with various parties regarding a potential strategic collaboration.
'The company wishes to emphasise that these discussions are at an exploratory stage and accordingly, there can be no certainty that it will lead to a more definitive and conclusive understanding between the parties.
'In this regard, the company will make the appropriate disclosures in due course and at the appropriate time,' they each said.
Lion Industries rose five sen to RM1.92 with 7.1 million shares done, Lion Diversified added 2.5 sen to 46.5 sen with 21.3 million shares traded while Lion Corp was unchanged at 30 sen with 34.7 million shares done.
Gainers this morning included United PLANTATION []s, Dutch Lady, Goldis, Genting, Shell and BIMB.
''
No comments:
Post a Comment