Small cap stocks dominate gainers list on Bursa
Friday, 13 March 2015
KUALA LUMPUR: Malaysia’s FBM KLCI ended Friday’s morning session almost flat in the absence of fresh positive catalysts to spur buying interest as the ringgit again weakened against the US dollar.
What was noticeable was that smaller capitalised stocks or thinly-traded counters were among the top gainers. The broader market was mixed.
At 12.30pm, the KLCI was up just 0.06 point to 1,8786.93. Turnover was 1.45 billion shares valued at RM714.78mil – which saw trading interest focus on small cap and penny stocks. There were 333 gainers to 382 gainers while 297 counters were unchanged.
Reuters reported Asian shares shook off early losses on Friday, underpinned by gains on Wall Street, while the dollar rebounded from a pause to its recent rally after disappointing US retail sales data.
MSCI's broadest index of Asia-Pacific shares outside Japan was up about 0.1% on the day. It was well off seven-week lows plumbed earlier in the week but still on track for a weekly loss of around 2%.
At Bursa Malaysia, Genting Malaysia rose four sen to RM4.11 while Genting Bhd two sen to RM8.35. Tenaga added four sen to RM14.68 and TM shed one sen to RM7.06.
Among the banks, Maybank fell two sen to RM9.10, Public Bank six sen to RM18.34 while CIMB edged up two sen to RM5.87 and Hong Leong Bank advanced two sen also to RM14.20.
Crude palm oil for third month delivery fell RM4 to RM2,239 per tonne.
IOI Corp lost three sen to RM4.52 and KLK two sen to RM22.20 but PPB Group gained four sen to RM14.46.
US crude oil price rose five cents to US$47.10 and Brent 14 cents higher at US$57.22. Petronas Cgemical added four sen to RM5.12 while Petronas Daganagan and Petronas Gas gained two sen each to RM18.46 and RM22.50.
On the gainers list were Nestle, up 30 sen to RM64.50, Amway and Panasonic Malaysia 20 sen higher at RM11.30 and RM22.50.
United Uli surged 29 sen to RM2.982, Superlon 16 sen to 96 sen while Daibochi added 14 sen to RM4.49. Lii Hen was 13 sen higher at Rm3.79, Heave 12 sen to RM2.90 and SCGM 11 sen to RM2.73.
http://www.thestar.com.my
Friday, 13 March 2015
KUALA LUMPUR: Malaysia’s FBM KLCI ended Friday’s morning session almost flat in the absence of fresh positive catalysts to spur buying interest as the ringgit again weakened against the US dollar.
What was noticeable was that smaller capitalised stocks or thinly-traded counters were among the top gainers. The broader market was mixed.
At 12.30pm, the KLCI was up just 0.06 point to 1,8786.93. Turnover was 1.45 billion shares valued at RM714.78mil – which saw trading interest focus on small cap and penny stocks. There were 333 gainers to 382 gainers while 297 counters were unchanged.
Reuters reported Asian shares shook off early losses on Friday, underpinned by gains on Wall Street, while the dollar rebounded from a pause to its recent rally after disappointing US retail sales data.
MSCI's broadest index of Asia-Pacific shares outside Japan was up about 0.1% on the day. It was well off seven-week lows plumbed earlier in the week but still on track for a weekly loss of around 2%.
At Bursa Malaysia, Genting Malaysia rose four sen to RM4.11 while Genting Bhd two sen to RM8.35. Tenaga added four sen to RM14.68 and TM shed one sen to RM7.06.
Among the banks, Maybank fell two sen to RM9.10, Public Bank six sen to RM18.34 while CIMB edged up two sen to RM5.87 and Hong Leong Bank advanced two sen also to RM14.20.
Crude palm oil for third month delivery fell RM4 to RM2,239 per tonne.
IOI Corp lost three sen to RM4.52 and KLK two sen to RM22.20 but PPB Group gained four sen to RM14.46.
US crude oil price rose five cents to US$47.10 and Brent 14 cents higher at US$57.22. Petronas Cgemical added four sen to RM5.12 while Petronas Daganagan and Petronas Gas gained two sen each to RM18.46 and RM22.50.
On the gainers list were Nestle, up 30 sen to RM64.50, Amway and Panasonic Malaysia 20 sen higher at RM11.30 and RM22.50.
United Uli surged 29 sen to RM2.982, Superlon 16 sen to 96 sen while Daibochi added 14 sen to RM4.49. Lii Hen was 13 sen higher at Rm3.79, Heave 12 sen to RM2.90 and SCGM 11 sen to RM2.73.
http://www.thestar.com.my
