SHARE prices opened higher in early trading Wednesday, continuing yesterday's uptrend with sentiment buoyed by overnight gains on Wall Street and optimism on strong corporate earnings reports from Malaysia-listed companies, dealers said.
The market saw active trading of both lower-liners and blue chips.
As at 9.15am, the benchmark FTSE Bursa Malaysia Composite Index (FBM KLCI) rose 3.02 points at 1,266.78 after opening 1.4 points higher at 1,265.16.
The Finance Index rose 1.13 points to 1,1141.17, Industrial Index gained 2.67 points to 2,590.66 and the Plantation Index perked 23.39 points to 6,227.13.
The FBM Emas Index jumped 21.641 points to 8,530.4 and the FBM70 Index advanced 16.8 points to 8,366.2.
The FBM Ace Index added 40.19 points to 4,381.55 points.
Advancers led decliners 170 to 49 while 87 counters remained unchanged and 1,020 others were untraded.
Volume stood at 83.074 million shares worth RM48.453 million.
EON Capital Bhd, a Malaysian banking group, fell 2.3 per cent to RM6.90, set for the steepest decline since Dec. 23, after it rejected a RM4.92 billion takeover offer from billionaire Quek Leng Chan’s Hong Leong Bank Bhd. EON said in a statement that the bid for the Malaysian bank is too low and won’t be put to shareholders. Hong Leong dropped 1.1 per cent to RM8.11.
Iris Corp, a supplier of smart cards, added 3.2 per cent to 16 sen, after jumping as much as 10 per cent earlier, set for the largest increase since Jan. 18, after saying it picked Guangdong Machinery Imp. & Exp. Co. as the main contractor for a waste incineration power plant project in Phuket, Thailand. The contract is valued at $36 million, Iris said in a statement.
KUB Malaysia Bhd, a telecommunications service provider, advanced 3.2 per cent to 48 sen, bound for the largest gain since Jan. 14. The company said it won a RM29.8 million contract from the Ministry of Information, Communications and Culture Malaysia.
Among heavyweights, Sime Darby earned one sen to RM8.49, Maybank`gained two sen to RM6.82, CIMB Group added four sen to RM12.80 while Maxis was unchanged at RM5.39.
Of the actives, MEMS Technology was flat at 4.5 sen, Meda Inc Bhd rose half sen to 12 sen, Asian Pac Holdings added one sen to 10.5 sen and LCL Corporation lost half sen to 28 sen. - Bloomberg, Bernama
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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