KUALA LUMPUR: ICT service provider Prestariang Bhd made a dismal debut on Bursa Malaysia and fell 13% at the mid-day break on Wednesday, July 27 as the broader market remained cautious in line with the tepid sentiment at regional markets.
Gold prices hit a record high at more than $1,623 an ounce and Asian stock markets were largely flat, as news out of Washington indicated politicians were making little progress in ending the deadlock over lifting the US debt ceiling, according to Reuters.
On Bursa Malaysia, the FBM KLCI edged up 0.10 point to 1,561.87 at 12.30pm. Losers led gainers by 297 to 291, while 292 counters traded unchanged. Volume was 539.89 million shares valued at RM716.71 million.
The ringgit strengthened 0.53% to 2.9392 versus the US dollar; crude palm oil futures for third month delivery rose RM12 per tonne to RM3,131, crude oil fell 40 cents per barrel to US$99.17 while gold jumped US$2.93 an ounce to US$1,622.23.
At the regional markets, Japan's Nikkei 225 fell 0.52% to 10,044.73, Singapore's Straits Times Index lost 0.23% to 3,179.24, South Korea's Kospi down 0.11% to 2,166.24 and Hong Kong's Hang Seng Index shed 0.07% to 22,557.23.
Meanwhile, Taiwan's Taiex advanced 0.19% to 8,810.62 and the Shanghai Composite Index edged up 0.06% to 2,704.72.
On Bursa Malaysia, Prestariang was the most actively traded counter with 43.96 million shares traded. The stock lost 11.5 sen to 78.5 sen, well below its IPO price of 90 sen.
Other actives included KNM, Zelan, Peterlabs, Zecon and Flonic.
Among the gainers, SCIB added 30 sen to 65 sen, KLK up 24 sen to RM21.92, SIG Gases 21.5 sen to RM1.03, Shell and United PLANTATION []s 20 sen each to RM10.50 and RM20.20, while Zecon and KNM added 17 sen each to 95 sen and RM2.07.
Losers included Petronas Dagangan, Fima Corp, Goldis, Tasek, CI Holdings and BLD Plantations.
Gold prices hit a record high at more than $1,623 an ounce and Asian stock markets were largely flat, as news out of Washington indicated politicians were making little progress in ending the deadlock over lifting the US debt ceiling, according to Reuters.
On Bursa Malaysia, the FBM KLCI edged up 0.10 point to 1,561.87 at 12.30pm. Losers led gainers by 297 to 291, while 292 counters traded unchanged. Volume was 539.89 million shares valued at RM716.71 million.
The ringgit strengthened 0.53% to 2.9392 versus the US dollar; crude palm oil futures for third month delivery rose RM12 per tonne to RM3,131, crude oil fell 40 cents per barrel to US$99.17 while gold jumped US$2.93 an ounce to US$1,622.23.
At the regional markets, Japan's Nikkei 225 fell 0.52% to 10,044.73, Singapore's Straits Times Index lost 0.23% to 3,179.24, South Korea's Kospi down 0.11% to 2,166.24 and Hong Kong's Hang Seng Index shed 0.07% to 22,557.23.
Meanwhile, Taiwan's Taiex advanced 0.19% to 8,810.62 and the Shanghai Composite Index edged up 0.06% to 2,704.72.
On Bursa Malaysia, Prestariang was the most actively traded counter with 43.96 million shares traded. The stock lost 11.5 sen to 78.5 sen, well below its IPO price of 90 sen.
Other actives included KNM, Zelan, Peterlabs, Zecon and Flonic.
Among the gainers, SCIB added 30 sen to 65 sen, KLK up 24 sen to RM21.92, SIG Gases 21.5 sen to RM1.03, Shell and United PLANTATION []s 20 sen each to RM10.50 and RM20.20, while Zecon and KNM added 17 sen each to 95 sen and RM2.07.
Losers included Petronas Dagangan, Fima Corp, Goldis, Tasek, CI Holdings and BLD Plantations.
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