20050926 Market Roundup JetFM
Inline with regional trend
At 5 pm, the Kuala Lumpur Composite Index (KLCI) gained 3.24 points to 925.13. Volume expanded to 460.07 mln shares valued at RM768.64 mln. Losers outpaced gainers 368 to 320, while 319 counters were unchanged and 408 untraded. The Emas Index added 0.64 points to 210.54, while the Second Board lost 0.12 points to 87.14. Share prices were mixed to firmer in range bound trade, with light bargain hunting in selected blue chips keeping the benchmark index in positive territory, while most investors stayed on the sidelines ahead of the Budget 2006 proposals on September 30. Among blue chips, Tenaga was unchanged at RM10.70, Malayan Banking closed at RM11.50 down 10 sen, while Telekom was higher by 10 sen to RM10.40. Telekom's subsidiary Celcom is targeting to launch its prepaid 3G services by year-end as well as increase its 3G coverage to include 4 more states as early as next year, said its Chairman Tan Sri Md Radzi Mansor.
The Singapore Tourism Board (STB) said it will only start seeking proposals for 2 integrated resort and casino projects at the Marina site by the end of November and in 1st quarter 2006 for the Sentosa site. STB had earlier aimed to hold the bidding for the 2 sites towards the end of Sept 2005. STB explained that it staggered the timing for the bidding of the 2 sites to give bidders who are unsuccessful in the Marina site an opportunity to participate in the Sentosa site. Genting at RM21.40 was higher by 60 sen. The extension of time allows speculative accumulation of Genting shares to continue. Separately, Genting's main UK investment, Stanley Leisure said the number of patrons at its high end casinos in London fell following the July 2005 terror attacks in the city.
Scicom MSC at 89.5 sen was 29.5 sen higher against its initial public offering price of 60 sen on its debut on the MESDAQ market. It was the most active counters with 38.75 mln shares done. This was followed by Time dotCom at 62 sen increased 4 sen and Camres at 30 sen added 3.5 sen. Yinson Holdings has reported a 14.6% on-year drop in 1st half group pre-tax profit to RM5.30 mln despite a 6.6% increase in revenue. It attributed the decline in pre-tax profit for the 6 months ended 31 July 2005 to a drop in profit margin and higher finance costs following an increase in borrowings to finance working capital. Yinson was not traded at RM1.27.
Pensonic Holdings is in talks to acquire a local electronics maker as part of a plan to quadruple its market value to USD100 mln in 3 years, Managing Director Dixon Chew said. Pensonic is trying to boost its share of the local market through acquisitions and branding activities. Pensonic was not traded at 52.5 sen. KNM Group's entire share capital will be transferred to Bursa Malaysia's Main Board under the Industrial Products sector from the Second Board Friday. KNM at RM3.42 fell 2 sen.
Among highlights for today, LPI Capital was at RM8.05 (+45 sen); IJM Corp at RM4.84 (+6 sen); Kosmo Technology Industrial at RM3.28 (+6 sen); PLUS Expressway at RM3.16 (-6 sen); Pantai Holdings at RM1.86 (-2 sen); Nam Fatt Corp at 45.5 sen (+3.5 sen); QSR Brands at RM3.06 (-2 sen); AsiaEP at 20.5 sen (-1 sen); Dialog Group at 41 sen (+0.5 sen); MESB at 55.5 sen (+3.5 sen); OYL Industries at RM3.14 (+4 sen).
Tokyo shares closed at fresh 4-year highs on Monday, as investors flocked back to the market following a 3-day weekend. The benchmark Nikkei 225-Average closed up 1.77% to 13,392.63, its highest closing level since June 8, 2001. Data released on Monday showed that big Japanese manufacturers became more confident of business conditions in the 3 months to September, bolstering the view that Japan's economy is recovering on the back of strong exports and domestic demand. Investors treat the survey as a good indicator of what to expect from the Bank of Japan's Tankan survey of business sentiment, which will be released on Monday, October 3. Shares of Japan's leading exporters and manufacturers were broadly higher following the release of the economic data.
Most regional indices were in positive territory, Hong Kong's Hang Seng at 15,274.31 (+0.86%); Singapore's STI at 2,317.58 (+1.07%); South Korea's KOSPI at 1,206.41 (+2.60%); Taiwan's TWSE at 5,930.20 (+0.08%); Thailand's SET at 722.96 (-0.32%); Philippines' PCOMP at 1,954.74 (-0.24%); Indonesia's JCI at 1,034.585 (+2.15%).
At 5 pm, the Kuala Lumpur Composite Index (KLCI) gained 3.24 points to 925.13. Volume expanded to 460.07 mln shares valued at RM768.64 mln. Losers outpaced gainers 368 to 320, while 319 counters were unchanged and 408 untraded. The Emas Index added 0.64 points to 210.54, while the Second Board lost 0.12 points to 87.14. Share prices were mixed to firmer in range bound trade, with light bargain hunting in selected blue chips keeping the benchmark index in positive territory, while most investors stayed on the sidelines ahead of the Budget 2006 proposals on September 30. Among blue chips, Tenaga was unchanged at RM10.70, Malayan Banking closed at RM11.50 down 10 sen, while Telekom was higher by 10 sen to RM10.40. Telekom's subsidiary Celcom is targeting to launch its prepaid 3G services by year-end as well as increase its 3G coverage to include 4 more states as early as next year, said its Chairman Tan Sri Md Radzi Mansor.
The Singapore Tourism Board (STB) said it will only start seeking proposals for 2 integrated resort and casino projects at the Marina site by the end of November and in 1st quarter 2006 for the Sentosa site. STB had earlier aimed to hold the bidding for the 2 sites towards the end of Sept 2005. STB explained that it staggered the timing for the bidding of the 2 sites to give bidders who are unsuccessful in the Marina site an opportunity to participate in the Sentosa site. Genting at RM21.40 was higher by 60 sen. The extension of time allows speculative accumulation of Genting shares to continue. Separately, Genting's main UK investment, Stanley Leisure said the number of patrons at its high end casinos in London fell following the July 2005 terror attacks in the city.
Scicom MSC at 89.5 sen was 29.5 sen higher against its initial public offering price of 60 sen on its debut on the MESDAQ market. It was the most active counters with 38.75 mln shares done. This was followed by Time dotCom at 62 sen increased 4 sen and Camres at 30 sen added 3.5 sen. Yinson Holdings has reported a 14.6% on-year drop in 1st half group pre-tax profit to RM5.30 mln despite a 6.6% increase in revenue. It attributed the decline in pre-tax profit for the 6 months ended 31 July 2005 to a drop in profit margin and higher finance costs following an increase in borrowings to finance working capital. Yinson was not traded at RM1.27.
Pensonic Holdings is in talks to acquire a local electronics maker as part of a plan to quadruple its market value to USD100 mln in 3 years, Managing Director Dixon Chew said. Pensonic is trying to boost its share of the local market through acquisitions and branding activities. Pensonic was not traded at 52.5 sen. KNM Group's entire share capital will be transferred to Bursa Malaysia's Main Board under the Industrial Products sector from the Second Board Friday. KNM at RM3.42 fell 2 sen.
Among highlights for today, LPI Capital was at RM8.05 (+45 sen); IJM Corp at RM4.84 (+6 sen); Kosmo Technology Industrial at RM3.28 (+6 sen); PLUS Expressway at RM3.16 (-6 sen); Pantai Holdings at RM1.86 (-2 sen); Nam Fatt Corp at 45.5 sen (+3.5 sen); QSR Brands at RM3.06 (-2 sen); AsiaEP at 20.5 sen (-1 sen); Dialog Group at 41 sen (+0.5 sen); MESB at 55.5 sen (+3.5 sen); OYL Industries at RM3.14 (+4 sen).
Tokyo shares closed at fresh 4-year highs on Monday, as investors flocked back to the market following a 3-day weekend. The benchmark Nikkei 225-Average closed up 1.77% to 13,392.63, its highest closing level since June 8, 2001. Data released on Monday showed that big Japanese manufacturers became more confident of business conditions in the 3 months to September, bolstering the view that Japan's economy is recovering on the back of strong exports and domestic demand. Investors treat the survey as a good indicator of what to expect from the Bank of Japan's Tankan survey of business sentiment, which will be released on Monday, October 3. Shares of Japan's leading exporters and manufacturers were broadly higher following the release of the economic data.
Most regional indices were in positive territory, Hong Kong's Hang Seng at 15,274.31 (+0.86%); Singapore's STI at 2,317.58 (+1.07%); South Korea's KOSPI at 1,206.41 (+2.60%); Taiwan's TWSE at 5,930.20 (+0.08%); Thailand's SET at 722.96 (-0.32%); Philippines' PCOMP at 1,954.74 (-0.24%); Indonesia's JCI at 1,034.585 (+2.15%).
posted by emacro @ 4:10 AM
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