20050927 Market Roundup JetFM
Market Roundup ( 27/9/2005 ) by Jupiter Research
Plantation stocks in focus
At 5 pm, the Kuala Lumpur Composite Index (KLCI) gained 2.58 points to 927.71. Volume expanded to 454.59 mln shares valued at RM714.53 mln. Losers outpaced gainers 389 to 291, while 326 counters were unchanged and 410 untraded. The Emas Index added 0.50 points to 211.04, while the Second Board fell 0.18 points to 86.96. Share prices ended the day in quiet trade, with concerns over rising crude oil prices offsetting gains resulting from bargain-hunting, while most investors refrained from taking any heavy position ahead of the 2006 Malaysian budget presentation to parliament this Friday. Among blue chips, Tenaga was higher by 10 sen to RM10.80, Malayan Banking closed at RM11.70 up 20 sen, while Telekom dropped 20 sen to RM10.20. Cam Resources at 33 sen advanced 3 sen was the most active counter with 24.30 mln shares done.
Plantation stocks were higher on September 27, buoyed by higher crude palm oil prices that hit RM1,443 per tonne. PBB Oil Palms was 14 sen higher at RM4.78, IOI Corp 20 sen to RM12.00, Kuala Lumpur Kepong 5 sen to RM7.55, United Plantations 5 sen to RM6.30 and Asiatic Development 5 sen to RM2.24. IOI Corp said Tuesday that it was 1 of the 10 bidders for the bio-diesel plant. The confirmation came from group executive director Dato' Lee Yeow Chor who, however, declined to say whether its bid has been successful. The Malaysian Palm Oil Board (MPOB) had announced yesterday that it received 10 bids for 3 bio-diesel plants, with an annual capacity of 60,000 tonnes of bio-diesel each. MPOB will invest RM20 mln in each of the plant, with 2 of them to be located in Port Klang, Selangor, and 1 in Pasir Gudang, Johor. MPOB director-general Tan Sri Dr Yusof Basiron said the 3 plants would be on a 50:50 joint venture basis with 3 local partners expected to start operations within 12 months.
Kulim has embarked on a RM160 mln project to expand its Pasir Gudang oleochemical plant, which would more than double the annual capacity to 380,000 tonnes from 150,000 tonnes now. Kulim managing director Ahamad Mohamad said he expected demand for oleochemical products to increase, especially against the backdrop of high crude oil prices. Kulim at RM2.82 dropped 1 sen.
Malakoff was higher on its earnings outlook and defensive qualities, Malakoff rose 5 sen to RM7.65. KNM Group was higher ahead of its transfer to Bursa Malaysia's Main Board on Friday, supported by expectations of rating upgrade. KNM was up 2 sen at RM3.44.
Among highlights for today, Genting at RM21.50 (+10 sen); Resorts World at RM11.00 (+10 sen); MISC at RM18.70 (+20 sen); Malaysian Bulk Carriers at RM2.27 (+3 sen); KPJ Healthcare at RM1.56 (-1 sen); Hexagon Holdings at RM3.34 (+4 sen); Sime Engineering Services at RM1.04 (-6 sen); Ranhill at 97 sen (+4 sen); Muhibbah Engineering at 74 sen (unchanged); Malaysian Airline System at RM3.26 (-4 sen); AirAsia at RM1.58 (-1 sen); Tenggara Oil at 52 sen (+1 sen); Ya Horng Electronic at 93 sen (-0.5 sen); Zecon Engineering at RM1.35 (unch); Setron at 58 sen (-2.5 sen); Scientex Packaging at RM2.00 (unch).
Tokyo's Nikkei 225-Average fell 0.62% to 13,310.04 on Tuesday after investors sold shares on concern that a recent rally may have been overdone. But optimism about the strength of Japan's economy helped push steel makers and machinery makers higher. The Nikkei has gained 15.9% so far this year and 7.2% just this month. The benchmark has set 4-year closing highs in 3 of the past 5 sessions. Machinery makers gained after a government survey on Monday showed that large manufacturers' business sentiment improved for a 2nd straight quarter in July-September and looked likely to brighten further in the next 2 quarters. Insurers, many of which had made strong gains in recent sessions, fell, making the sector the biggest percentage loser among the industry sub-indexes.
Hong Kong's Hang Seng at 15,189.88 (-0.55%) and Singapore's STI at 2,306.50 (-0.48%) were the only losers in the region; South Korea's KOSPI at 1,209.63 (+0.27%); Taiwan's TWSE at 5,945.05 (+0.25%); Thailand's SET at 724.71 (+0.48%); Philippines' PCOMP at 1,984.49 (+1.52%); Indonesia's JCI at 1,037.634 (+0.29%).
Plantation stocks in focus
At 5 pm, the Kuala Lumpur Composite Index (KLCI) gained 2.58 points to 927.71. Volume expanded to 454.59 mln shares valued at RM714.53 mln. Losers outpaced gainers 389 to 291, while 326 counters were unchanged and 410 untraded. The Emas Index added 0.50 points to 211.04, while the Second Board fell 0.18 points to 86.96. Share prices ended the day in quiet trade, with concerns over rising crude oil prices offsetting gains resulting from bargain-hunting, while most investors refrained from taking any heavy position ahead of the 2006 Malaysian budget presentation to parliament this Friday. Among blue chips, Tenaga was higher by 10 sen to RM10.80, Malayan Banking closed at RM11.70 up 20 sen, while Telekom dropped 20 sen to RM10.20. Cam Resources at 33 sen advanced 3 sen was the most active counter with 24.30 mln shares done.
Plantation stocks were higher on September 27, buoyed by higher crude palm oil prices that hit RM1,443 per tonne. PBB Oil Palms was 14 sen higher at RM4.78, IOI Corp 20 sen to RM12.00, Kuala Lumpur Kepong 5 sen to RM7.55, United Plantations 5 sen to RM6.30 and Asiatic Development 5 sen to RM2.24. IOI Corp said Tuesday that it was 1 of the 10 bidders for the bio-diesel plant. The confirmation came from group executive director Dato' Lee Yeow Chor who, however, declined to say whether its bid has been successful. The Malaysian Palm Oil Board (MPOB) had announced yesterday that it received 10 bids for 3 bio-diesel plants, with an annual capacity of 60,000 tonnes of bio-diesel each. MPOB will invest RM20 mln in each of the plant, with 2 of them to be located in Port Klang, Selangor, and 1 in Pasir Gudang, Johor. MPOB director-general Tan Sri Dr Yusof Basiron said the 3 plants would be on a 50:50 joint venture basis with 3 local partners expected to start operations within 12 months.
Kulim has embarked on a RM160 mln project to expand its Pasir Gudang oleochemical plant, which would more than double the annual capacity to 380,000 tonnes from 150,000 tonnes now. Kulim managing director Ahamad Mohamad said he expected demand for oleochemical products to increase, especially against the backdrop of high crude oil prices. Kulim at RM2.82 dropped 1 sen.
Malakoff was higher on its earnings outlook and defensive qualities, Malakoff rose 5 sen to RM7.65. KNM Group was higher ahead of its transfer to Bursa Malaysia's Main Board on Friday, supported by expectations of rating upgrade. KNM was up 2 sen at RM3.44.
Among highlights for today, Genting at RM21.50 (+10 sen); Resorts World at RM11.00 (+10 sen); MISC at RM18.70 (+20 sen); Malaysian Bulk Carriers at RM2.27 (+3 sen); KPJ Healthcare at RM1.56 (-1 sen); Hexagon Holdings at RM3.34 (+4 sen); Sime Engineering Services at RM1.04 (-6 sen); Ranhill at 97 sen (+4 sen); Muhibbah Engineering at 74 sen (unchanged); Malaysian Airline System at RM3.26 (-4 sen); AirAsia at RM1.58 (-1 sen); Tenggara Oil at 52 sen (+1 sen); Ya Horng Electronic at 93 sen (-0.5 sen); Zecon Engineering at RM1.35 (unch); Setron at 58 sen (-2.5 sen); Scientex Packaging at RM2.00 (unch).
Tokyo's Nikkei 225-Average fell 0.62% to 13,310.04 on Tuesday after investors sold shares on concern that a recent rally may have been overdone. But optimism about the strength of Japan's economy helped push steel makers and machinery makers higher. The Nikkei has gained 15.9% so far this year and 7.2% just this month. The benchmark has set 4-year closing highs in 3 of the past 5 sessions. Machinery makers gained after a government survey on Monday showed that large manufacturers' business sentiment improved for a 2nd straight quarter in July-September and looked likely to brighten further in the next 2 quarters. Insurers, many of which had made strong gains in recent sessions, fell, making the sector the biggest percentage loser among the industry sub-indexes.
Hong Kong's Hang Seng at 15,189.88 (-0.55%) and Singapore's STI at 2,306.50 (-0.48%) were the only losers in the region; South Korea's KOSPI at 1,209.63 (+0.27%); Taiwan's TWSE at 5,945.05 (+0.25%); Thailand's SET at 724.71 (+0.48%); Philippines' PCOMP at 1,984.49 (+1.52%); Indonesia's JCI at 1,037.634 (+0.29%).
posted by emacro @ 6:06 AM
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