Malaysia’s FTSE Bursa Malaysia KLCI Index rose 1.53, or 0.1 per cent, to 1,303.48 at the 12.30 pm Malaysia time break, its second day of gains. Ten stocks gained and 10 slid on the 30-member measure.
A dealer said the benchmark index was able to sustain itself at the 1,300 level due to positive sentiment among investors, encouraged by the steady performance of regional stocks and Wall Street, which finished at a 17-month overnight high.
The dealer said trading would be rangebound today, as investors await US consumer inflation and jobless claims data later today, for further leads on the health of the world's largest economy.
The Finance Index increased 3.44 points to 11,583.93 and the Plantation Index went up 5.87 points to 6,388.52.
The Industrial Index, however, declined 5.88 points 2,632.19.
The FBM Emas index gained 10.39 points to 8,766.85 and the FBM70 was up 11.43 points to 8,582.02.
Meanwhile, the FBM Ace Index, fell 49.65 points to 4,169.80.
Astro All Asia Networks Plc, Malaysia’s largest pay-television operator, surged by a record after a group led by billionaire Tan Sri T. Ananda Krishnan offered as much as RM2.5 billion
(US$759 million) to buy full control of the company.
The shares jumped 18 per cent to RM4.21. Krishnan and his partners offered RM4.30 a share for the 27 per cent of Astro they don’t already own, according to a statement.
Malaysian Merchant Marine Bhd, a shipping company, slid 22 per cent to 3.5 sen, set to close at a record low. The company said it will not be able to repay a RM40.3 million loan demanded by Prima Uno Bhd. and Malaysian Trustees Bhd. The company is taking steps to “discontinue” its business operations, it said in a statement.
Scicom (MSC) Bhd, an outsourcing company, added 1.2 per cent to 42.5 sen, the first increase in three days. The company said it received approval from Malaysia’s stock exchange to transfer the listing of its shares to the Main Market from the ACE Market.
Scomi Engineering Bhd, a Malaysian oil and gas engineering group, gained 2.6 per cent to RM1.20, bound for the highest close since February 4.
The company said it agreed to sell the “machine shop business” of its two units for US$110 million. - 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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