20051005 Market Roundup JetFM
Plantation stocks advanced
At 5 pm, the Kuala Lumpur Composite Index (KLCI) added 2.75 points to 927.51. Volume expanded to 469.63 mln shares valued at RM725.22 mln. Gainers outpaced losers 426 to 267, while 321 counters were unchanged and 400 untraded. The Emas Index improved 0.98 points to 211.36, while the Second Board increased 0.55 points to 87.80. Share prices closed higher on bargain hunting for selected blue chips and continued interest in plantation stocks. Among blue chips, Tenaga at RM10.80, Malayan Banking at RM11.50 and Telekom at RM10.30 were all unchanged.
YTL Power International said it bought back 4.57 mln shares for a total RM9.9 mln at RM2.11 to RM2.20 a share between September 26 and 30. Following the purchases, the independent power producer said in a statement that its total number of shares retained in treasury amounts to 181.33 mln. YTL Power at RM2.17 was unchanged.
Golden Hope Plantations was higher on expectations of improved earnings from higher crude palm oil (CPO) prices. They said interest is also likely to be supported by the company's attractive dividend yield and efficiency gains at its new estates. Golden Hope was 14 sen higher at RM4.14.
Investors also continued to pick up other plantation stocks with IOI Corp at RM12.30 (+50 sen); KL Kepong at RM8.00 (+25 sen); IOI Oleochemical at RM11.70 (+30 sen); BLD Plantation at RM2.29 (+14 sen); Asiatic at RM2.46 (+9 sen); TH Group at 74 sen (+14.5 sen); United Malacca at RM3.92 (+10 sen); PPB Oil Palms at RM4.92 (+14 sen); Boustead at RM1.96 (+6 sen). TH Group Warrants was the most active counter today at 18 sen advanced 9.5 sen with 32.72 mln shares done.
Astro All Asia Networks was down 10 sen at RM5.50 for the 3rd straight day on concerns that its Indonesian operations will be affected following the recent Bali bombings. PSC Industries was down 3 sen at 92 sen, on fears that the company may be placed under the financially troubled classification of PN17.
Crude oil and gas counters Shell and Esso were among the losers after crude oil futures for November traded at the New York Mercantile Exchange fell below the USD64 a barrel level on October 4. Shell dropped 20 sen to RM11.40 and Esso 2 sen to RM2.58.
Among highlights for today, Media Prima at RM1.59 (-1 sen); Muda Holdings at 31.5 sen (+1 sen); MISC at RM18.50 (unchanged); MISC foreign at RM18.50 (unchanged); Bursa Malaysia at RM4.64 (+2 sen); V.S. Industry at RM1.20 (unchanged); Titan Chemicals Corp at RM1.69 (+9 sen); UEM Builders at 68 sen (+1 sen); DRB-Hicom at RM1.57 (+2 sen); Kurnia Asia at RM1.09 (unchanged); PLUS Expressways at RM3.18 (unchanged); MBM Resources at RM2.65 (-1 sen); Time dotCom at 63.5 sen (+0.5 sen); mTouche Technology at RM1.91 (+7 sen).
Japanese stocks fell on Wednesday as investors questioned the valuations of recent strong risers as well as companies with questionable earnings prospects. The Nikkei 225-Average fell 0.36% to 13,689.89. Some domestically focused sectors, many of which have risen considerably this year on expectations that Japan's economic recovery will be sustained, fell sharply. Real estate plunged 2.4%. Electricity and gas fell 0.9%. Iron and steel stocks, which have shown a spectacular rise of more than 60% this year, continued Tuesday's fall on profit taking, slipping another 0.8%. But Tuesday's sharp rise in electrical machinery stocks, which have been among the laggards of the Japanese equities rally this year, ran out of steam. The sector fell 0.7%.
Regional market were mixed in performance, Hong Kong's Hang Seng at 15,161.03 (-1.44%); Singapore's STI at 2,325.89 (+0.09%); South Korea's KOSPI at 1,227.40 (-1.24%); Taiwan's TWSE at 6,135.01 (-0.12%); Thailand's SET at 718.08 (+0.44%); Philippines' PCOMP at 1,940.94 (+0.13%); Indonesia's JCI at 1,104.055 (+0.26%).
At 5 pm, the Kuala Lumpur Composite Index (KLCI) added 2.75 points to 927.51. Volume expanded to 469.63 mln shares valued at RM725.22 mln. Gainers outpaced losers 426 to 267, while 321 counters were unchanged and 400 untraded. The Emas Index improved 0.98 points to 211.36, while the Second Board increased 0.55 points to 87.80. Share prices closed higher on bargain hunting for selected blue chips and continued interest in plantation stocks. Among blue chips, Tenaga at RM10.80, Malayan Banking at RM11.50 and Telekom at RM10.30 were all unchanged.
YTL Power International said it bought back 4.57 mln shares for a total RM9.9 mln at RM2.11 to RM2.20 a share between September 26 and 30. Following the purchases, the independent power producer said in a statement that its total number of shares retained in treasury amounts to 181.33 mln. YTL Power at RM2.17 was unchanged.
Golden Hope Plantations was higher on expectations of improved earnings from higher crude palm oil (CPO) prices. They said interest is also likely to be supported by the company's attractive dividend yield and efficiency gains at its new estates. Golden Hope was 14 sen higher at RM4.14.
Investors also continued to pick up other plantation stocks with IOI Corp at RM12.30 (+50 sen); KL Kepong at RM8.00 (+25 sen); IOI Oleochemical at RM11.70 (+30 sen); BLD Plantation at RM2.29 (+14 sen); Asiatic at RM2.46 (+9 sen); TH Group at 74 sen (+14.5 sen); United Malacca at RM3.92 (+10 sen); PPB Oil Palms at RM4.92 (+14 sen); Boustead at RM1.96 (+6 sen). TH Group Warrants was the most active counter today at 18 sen advanced 9.5 sen with 32.72 mln shares done.
Astro All Asia Networks was down 10 sen at RM5.50 for the 3rd straight day on concerns that its Indonesian operations will be affected following the recent Bali bombings. PSC Industries was down 3 sen at 92 sen, on fears that the company may be placed under the financially troubled classification of PN17.
Crude oil and gas counters Shell and Esso were among the losers after crude oil futures for November traded at the New York Mercantile Exchange fell below the USD64 a barrel level on October 4. Shell dropped 20 sen to RM11.40 and Esso 2 sen to RM2.58.
Among highlights for today, Media Prima at RM1.59 (-1 sen); Muda Holdings at 31.5 sen (+1 sen); MISC at RM18.50 (unchanged); MISC foreign at RM18.50 (unchanged); Bursa Malaysia at RM4.64 (+2 sen); V.S. Industry at RM1.20 (unchanged); Titan Chemicals Corp at RM1.69 (+9 sen); UEM Builders at 68 sen (+1 sen); DRB-Hicom at RM1.57 (+2 sen); Kurnia Asia at RM1.09 (unchanged); PLUS Expressways at RM3.18 (unchanged); MBM Resources at RM2.65 (-1 sen); Time dotCom at 63.5 sen (+0.5 sen); mTouche Technology at RM1.91 (+7 sen).
Japanese stocks fell on Wednesday as investors questioned the valuations of recent strong risers as well as companies with questionable earnings prospects. The Nikkei 225-Average fell 0.36% to 13,689.89. Some domestically focused sectors, many of which have risen considerably this year on expectations that Japan's economic recovery will be sustained, fell sharply. Real estate plunged 2.4%. Electricity and gas fell 0.9%. Iron and steel stocks, which have shown a spectacular rise of more than 60% this year, continued Tuesday's fall on profit taking, slipping another 0.8%. But Tuesday's sharp rise in electrical machinery stocks, which have been among the laggards of the Japanese equities rally this year, ran out of steam. The sector fell 0.7%.
Regional market were mixed in performance, Hong Kong's Hang Seng at 15,161.03 (-1.44%); Singapore's STI at 2,325.89 (+0.09%); South Korea's KOSPI at 1,227.40 (-1.24%); Taiwan's TWSE at 6,135.01 (-0.12%); Thailand's SET at 718.08 (+0.44%); Philippines' PCOMP at 1,940.94 (+0.13%); Indonesia's JCI at 1,104.055 (+0.26%).
posted by emacro @ 7:01 AM
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