MALAYSIAN shares slid in the early morning session as the market lost its momentum after the previous week's gain, dealers said. The Kuala Lumpur Composite Index fell 17.35, or 1.6 per cent, to 1,042.15 at 9:56 am local time, set for the biggest decline since March 30.
June index futures declined 1.4 per cent to 1,049.50.Kulim Malaysia Bhd slid 2.4 per cent to RM6.05, set for the biggest decline since May 6. Hap Seng Plantations Holdings Bhd lost 1.9 per cent to RM2.08.
Kretam Holdings Bhd dropped 3.7 per cent to RM1.04.Malaysia’s palm oil exports fell 3.4 per cent in the first 20 days of June compared with the previous month, independent surveyor Intertek said today. Palm oil futures in Malaysia dropped 0.6 per cent on June 19, the third straight day of declines.
Top Glove Corp, the world’s largest rubber-glove maker, climbed 1.6 per cent to RM6.35, headed for the highest close since January 8, 2008. The company had its stock rating raised to “buy” from “hold” at HwangDBS Vickers Research Sdn Bhd because of improved demand and “margin expansion.” -- Bloomberg
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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