20050920 Market Roundup JetFM
Market Roundup ( 20/9/2005 ) by Jupiter Research
KLCI lower while regionals turn bullish
At 5 pm, the Kuala Lumpur Composite Index (KLCI) lost 1.24 points to 922.03. Volume expanded to 430.49 mln shares valued at RM827.71 mln. Losers outpaced gainers 400 to 277, while 317 counters were unchanged and 422 untraded. The Emas Index dropped 0.34 points to 209.59, while the Second Board advanced 0.12 points to 88.06. The market was relatively lackluster as investors stayed on the sidelines due to uncertainties ahead of the Budget Day at the end of this month, coupled with rising crude oil prices. Among blue chips, Tenaga was unchanged at RM10.70, while Malayan Banking at RM11.50 and Telekom at RM11.40 were both declined 10 sen. The most active counter was Sunway Holdings Inc Warrants at 13 sen gained 2 sen with 16.62 mln shares done.
Poultry stocks were generally holding well with only a slight sell down. Veterinary Services Department director-general Dato' Dr Hawari Hussein was reported on September 20 as saying that the risk of the flu spreading to Malaysia was low as Malaysia did not import any poultry from Indonesia. Leong Hup Holdings fell 1 sen to RM1.17, Comsa Farms dropped 1 sen to 39 sen, Cab Cakaran was 1.5 sen lower at 76.5 sen, Farm Best eased 1.5 sen to 85 sen, while Sin Heng Chan was down 1 sen at 78 sen.
QSR Brands chairman Tan Sri Nik Ibrahim Kamil had on September 20 adjourned the EGM to October 11 due to certain technicalities relating to the polling slips raised by the scrutineers. The company said that due to the technicalities, Nik Ibrahim had exercised his powers under Article 74 of the Articles of Association of the Company, to adjourn the EGM to October 11. It would be held at Wisma KFC, Kuala Lumpur at 10am. QSR at RM3.14 gained 4 sen.
Goodway Integrated Industries expects double-digit revenue growth for the year ending December 31, 2006 after the completion of the acquisition of the tyre retreading businesses of 2 companies in Sabah, said Goodway chief executive officer Tai Boon Wee. The acquisition involved the tyre retreading business of Sierra Growth for RM7 mln cash and 100% of Big Wheel Holdings and its subsidiaries for RM24.69 mln cash. Goodway group registered a net profit of RM2.2 mln on the back of a RM54.2 mln turnover for the 6 months to June 30, 2005. Goodway at RM1.12 advanced 5 sen.
Bursa Malaysia has issued an unusual market activity query on the trading of the Tenco's securities. In a statement on September 20, it had queried the company over the recent sharp increase in price and high volume in its company's securities recently. Tenco at 40 sen edged up 12.5 sen.
Among highlights for today, Sunway Holdings Inc at 46 sen (+4 sen); Sunway City at RM1.70 (-1 sen); Mobif at RM1.09 (+2 sen); Tanjung Offshore at RM1.80 (-1 sen); Kejuruteraan Samudra Timur at RM2.01 (-14 sen); Octagon Consolidated Warrants at 17.5 sen (+15 sen); Mieco Chipboard at RM1.32 (-11 sen); Lion Forest Industries at RM2.35 (+23 sen); SapuraCreast Petroleum at 97 sen (-2 sen); KESM Industries at RM1.97 (+2 sen); Selangor Properties at RM2.37 (unchanged); Kumpulan Emas at 10.5 sen (-0.5 sen); MMC Corp at RM2.14 (+1 sen); Dialog Group at 40.5 sen (-0.5 sen).
Japan's benchmark Nikkei 225-Average broke the 13,000-barrier on Tuesday for the 1st time since 2001, reflecting continued optimism that its economic recovery is gaining momentum. The Nikkei 225-Average closed up 1.47% to 13,148.57. The recent stock rally reflects investors are upbeat about the economy, amid signs that deflation is ebbing and non-performing loans are being aggressively cleaned up. Others, however, say technical factors are fuelling the rally, as investors increasingly shift their asset allocations away from the US and Europe to Asia. The impact of the uncertain outcome of the German elections on European markets and rising gasoline prices in the US caused by Hurricane Katrina have encouraged investors to shift their asset allocations to Asia, and to Japan in particular. All regional indices were in bull trend except for Indonesia's JCI at 1,055.591 (-1.03%); Hong Kong's Hang Seng at 15,241.86 (+1.73%); Singapore's STI at 2,307.42 (+0.39%); South Korea's KOSPI at 1,190.93 (+1.43%); Taiwan's TWSE at 6,105.35 (+1.16%); Thailand's SET at 721.65 (+1.79%); Philippines' PCOMP at 1,933.51 (+0.28%).
KLCI lower while regionals turn bullish
At 5 pm, the Kuala Lumpur Composite Index (KLCI) lost 1.24 points to 922.03. Volume expanded to 430.49 mln shares valued at RM827.71 mln. Losers outpaced gainers 400 to 277, while 317 counters were unchanged and 422 untraded. The Emas Index dropped 0.34 points to 209.59, while the Second Board advanced 0.12 points to 88.06. The market was relatively lackluster as investors stayed on the sidelines due to uncertainties ahead of the Budget Day at the end of this month, coupled with rising crude oil prices. Among blue chips, Tenaga was unchanged at RM10.70, while Malayan Banking at RM11.50 and Telekom at RM11.40 were both declined 10 sen. The most active counter was Sunway Holdings Inc Warrants at 13 sen gained 2 sen with 16.62 mln shares done.
Poultry stocks were generally holding well with only a slight sell down. Veterinary Services Department director-general Dato' Dr Hawari Hussein was reported on September 20 as saying that the risk of the flu spreading to Malaysia was low as Malaysia did not import any poultry from Indonesia. Leong Hup Holdings fell 1 sen to RM1.17, Comsa Farms dropped 1 sen to 39 sen, Cab Cakaran was 1.5 sen lower at 76.5 sen, Farm Best eased 1.5 sen to 85 sen, while Sin Heng Chan was down 1 sen at 78 sen.
QSR Brands chairman Tan Sri Nik Ibrahim Kamil had on September 20 adjourned the EGM to October 11 due to certain technicalities relating to the polling slips raised by the scrutineers. The company said that due to the technicalities, Nik Ibrahim had exercised his powers under Article 74 of the Articles of Association of the Company, to adjourn the EGM to October 11. It would be held at Wisma KFC, Kuala Lumpur at 10am. QSR at RM3.14 gained 4 sen.
Goodway Integrated Industries expects double-digit revenue growth for the year ending December 31, 2006 after the completion of the acquisition of the tyre retreading businesses of 2 companies in Sabah, said Goodway chief executive officer Tai Boon Wee. The acquisition involved the tyre retreading business of Sierra Growth for RM7 mln cash and 100% of Big Wheel Holdings and its subsidiaries for RM24.69 mln cash. Goodway group registered a net profit of RM2.2 mln on the back of a RM54.2 mln turnover for the 6 months to June 30, 2005. Goodway at RM1.12 advanced 5 sen.
Bursa Malaysia has issued an unusual market activity query on the trading of the Tenco's securities. In a statement on September 20, it had queried the company over the recent sharp increase in price and high volume in its company's securities recently. Tenco at 40 sen edged up 12.5 sen.
Among highlights for today, Sunway Holdings Inc at 46 sen (+4 sen); Sunway City at RM1.70 (-1 sen); Mobif at RM1.09 (+2 sen); Tanjung Offshore at RM1.80 (-1 sen); Kejuruteraan Samudra Timur at RM2.01 (-14 sen); Octagon Consolidated Warrants at 17.5 sen (+15 sen); Mieco Chipboard at RM1.32 (-11 sen); Lion Forest Industries at RM2.35 (+23 sen); SapuraCreast Petroleum at 97 sen (-2 sen); KESM Industries at RM1.97 (+2 sen); Selangor Properties at RM2.37 (unchanged); Kumpulan Emas at 10.5 sen (-0.5 sen); MMC Corp at RM2.14 (+1 sen); Dialog Group at 40.5 sen (-0.5 sen).
Japan's benchmark Nikkei 225-Average broke the 13,000-barrier on Tuesday for the 1st time since 2001, reflecting continued optimism that its economic recovery is gaining momentum. The Nikkei 225-Average closed up 1.47% to 13,148.57. The recent stock rally reflects investors are upbeat about the economy, amid signs that deflation is ebbing and non-performing loans are being aggressively cleaned up. Others, however, say technical factors are fuelling the rally, as investors increasingly shift their asset allocations away from the US and Europe to Asia. The impact of the uncertain outcome of the German elections on European markets and rising gasoline prices in the US caused by Hurricane Katrina have encouraged investors to shift their asset allocations to Asia, and to Japan in particular. All regional indices were in bull trend except for Indonesia's JCI at 1,055.591 (-1.03%); Hong Kong's Hang Seng at 15,241.86 (+1.73%); Singapore's STI at 2,307.42 (+0.39%); South Korea's KOSPI at 1,190.93 (+1.43%); Taiwan's TWSE at 6,105.35 (+1.16%); Thailand's SET at 721.65 (+1.79%); Philippines' PCOMP at 1,933.51 (+0.28%).
posted by emacro @ 5:48 PM
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