20051011 Market Roundup JetFM
Plantation and technology sectors in green
At 5 pm, the Kuala Lumpur Composite Index (KLCI) added 3.67 points to 928.88. Volume expanded to 450.99 mln shares valued at RM711.76 mln. Gainers slightly outpaced losers 355 to 352, while 313 counters were unchanged and 397 untraded. The Emas Index improved 0.84 points to 211.42, while the Second Board fell 0.30 points to 87.47. Share prices ended the day mixed in range bound trade, with plantation and technology stocks higher on expectations of escalating crude palm oil prices and a recovery in the technology sector. Among blue chips, Tenaga at RM10.70 dropped 10 sen, Telekom at RM10.20 was unchanged, while Malayan Banking closed at RM11.50 up 10 sen. IQ Group made a poor debut on the Main Board, the counter closed 10 sen lower at RM1.70. TH Group Warrants at 19 sen gained 2 sen was the most active counter with 17.14 mln shares done.
Malaysia plans to increase trading of government bonds by allowing more investors to hedge against the risk of holding the debt, the central bank said. Banks and brokerages that trade in the inter-bank market will be able to sell borrowed securities in order to buy them back at a lower price, according to a 12-page document obtained by Bloomberg News. Such trades had previously been limited to the 10 primary dealers that must bid at government debt sales. Bank Negara wants to attract more investors into the government bond market by allowing them to use so-called short selling to hedge the risk of owning the securities.
Semiconductor stocks were higher in early trade, extending their gains from Friday on hopes of a recovery in the technology sector. Malaysian Pacific Industries was unchanged at RM10.90, Unisem gained 15 sen to RM1.58 and Globetronics was flat at 34 sen.
Plantation stocks rose as they continued to attract interest on expectations of higher crude palm oil prices. IOI Corp was up 20 sen at RM13.00, Kuala Lumpur Kepong edged up 15 sen to RM8.30, Asiatic Development was up 11 sen at RM2.40, Kumpulan Guthrie gained 5 sen to RM2.46, and Golden Hope Plantations added 8 sen to RM4.20.
Malaysian Airline System (MAS) Monday said it is increasing the fuel surcharge for all international routes by 12.5% from October 15, citing rising fuel prices. Fuel surcharges for long-haul routes will be raised to USD36 one-way from USD32 currently, Malaysian Air said in a statement. MAS at RM3.30 increased 2 sen. Sabah Shell Petroleum Co said on Monday it has found crude oil and gas off Malaysia's eastern Sabah state in a joint venture with Petronas and US based ConocoPhillips. Shell Refining at RM11.20 lost 20 sen, Petronas Dagangan at RM3.94 gained 4 sen, while Petronas Gas at RM8.75 lost 5 sen.
Kosmo Seraya would sign a joint-venture agreement with In-Pipe Technology of the US to undertake wastewater treatment services in Malaysia and later in the region. Kosmo Seraya is the holding company of publicly listed Kosmo Technology Industrial at RM3.26 was unchanged. Virtue Integrated has awarded Viztel Solutions' unit Viztel Technologies a RM2.76 mln contract. The contract is inclusive of 3 years maintenance and support services after the warranty period of 1 year from completion date. Viztel at 36 sen advanced 2.5 sen.
Among highlights for today, Kumpulan Fima at 50 sen (+0.5 sen); Ranhill at 93.5 sen (+3.5 sen); Scomi at RM1.22 (+2 sen); Bank Islam at RM1.31 (-9 sen); Pos Malaysia at RM3.28 (+14 sen); AMMB Holdings at RM2.54 (unchanged); LPI Capital at RM8.10 (+15 sen); DRB-Hicom at RM1.56 (+2 sen); Proton Holdings at RM8.50 (unchanged); Edaran Otomobil National at RM3.36 (unchanged); Kinsteel at RM1.22 (+8 sen); KUB at 46 sen (+1 sen); Naim Indah Corp at 21.5 sen (-0.5 sen).
Asian stocks rose, led by exporters after a US jobs report improved the outlook for sales in their largest market. Hong Kong rebounded from a 3% decline last week, while Japan and Taiwan were shut today for public holidays. Hong Kong stocks closed higher on a technical rebound and selective bargain hunting after a steep sell-off last week. The benchmark Hang Seng Index closed up 0.34% at 14,898.77. South Korea's KOSPI climbed 2.18% to 1227.18, its biggest gain in 2 weeks, and the largest advance in the region today. Philippines were the only ones to decline at 1,949.42 fell 0.15%. The rest of the regional indices were in green, Singapore's STI at 2,343.39 (+1.65%); Thailand's SET at 709.59 (+0.09%); Indonesia's JCI at 1,102.780 (+0.74%).
At 5 pm, the Kuala Lumpur Composite Index (KLCI) added 3.67 points to 928.88. Volume expanded to 450.99 mln shares valued at RM711.76 mln. Gainers slightly outpaced losers 355 to 352, while 313 counters were unchanged and 397 untraded. The Emas Index improved 0.84 points to 211.42, while the Second Board fell 0.30 points to 87.47. Share prices ended the day mixed in range bound trade, with plantation and technology stocks higher on expectations of escalating crude palm oil prices and a recovery in the technology sector. Among blue chips, Tenaga at RM10.70 dropped 10 sen, Telekom at RM10.20 was unchanged, while Malayan Banking closed at RM11.50 up 10 sen. IQ Group made a poor debut on the Main Board, the counter closed 10 sen lower at RM1.70. TH Group Warrants at 19 sen gained 2 sen was the most active counter with 17.14 mln shares done.
Malaysia plans to increase trading of government bonds by allowing more investors to hedge against the risk of holding the debt, the central bank said. Banks and brokerages that trade in the inter-bank market will be able to sell borrowed securities in order to buy them back at a lower price, according to a 12-page document obtained by Bloomberg News. Such trades had previously been limited to the 10 primary dealers that must bid at government debt sales. Bank Negara wants to attract more investors into the government bond market by allowing them to use so-called short selling to hedge the risk of owning the securities.
Semiconductor stocks were higher in early trade, extending their gains from Friday on hopes of a recovery in the technology sector. Malaysian Pacific Industries was unchanged at RM10.90, Unisem gained 15 sen to RM1.58 and Globetronics was flat at 34 sen.
Plantation stocks rose as they continued to attract interest on expectations of higher crude palm oil prices. IOI Corp was up 20 sen at RM13.00, Kuala Lumpur Kepong edged up 15 sen to RM8.30, Asiatic Development was up 11 sen at RM2.40, Kumpulan Guthrie gained 5 sen to RM2.46, and Golden Hope Plantations added 8 sen to RM4.20.
Malaysian Airline System (MAS) Monday said it is increasing the fuel surcharge for all international routes by 12.5% from October 15, citing rising fuel prices. Fuel surcharges for long-haul routes will be raised to USD36 one-way from USD32 currently, Malaysian Air said in a statement. MAS at RM3.30 increased 2 sen. Sabah Shell Petroleum Co said on Monday it has found crude oil and gas off Malaysia's eastern Sabah state in a joint venture with Petronas and US based ConocoPhillips. Shell Refining at RM11.20 lost 20 sen, Petronas Dagangan at RM3.94 gained 4 sen, while Petronas Gas at RM8.75 lost 5 sen.
Kosmo Seraya would sign a joint-venture agreement with In-Pipe Technology of the US to undertake wastewater treatment services in Malaysia and later in the region. Kosmo Seraya is the holding company of publicly listed Kosmo Technology Industrial at RM3.26 was unchanged. Virtue Integrated has awarded Viztel Solutions' unit Viztel Technologies a RM2.76 mln contract. The contract is inclusive of 3 years maintenance and support services after the warranty period of 1 year from completion date. Viztel at 36 sen advanced 2.5 sen.
Among highlights for today, Kumpulan Fima at 50 sen (+0.5 sen); Ranhill at 93.5 sen (+3.5 sen); Scomi at RM1.22 (+2 sen); Bank Islam at RM1.31 (-9 sen); Pos Malaysia at RM3.28 (+14 sen); AMMB Holdings at RM2.54 (unchanged); LPI Capital at RM8.10 (+15 sen); DRB-Hicom at RM1.56 (+2 sen); Proton Holdings at RM8.50 (unchanged); Edaran Otomobil National at RM3.36 (unchanged); Kinsteel at RM1.22 (+8 sen); KUB at 46 sen (+1 sen); Naim Indah Corp at 21.5 sen (-0.5 sen).
Asian stocks rose, led by exporters after a US jobs report improved the outlook for sales in their largest market. Hong Kong rebounded from a 3% decline last week, while Japan and Taiwan were shut today for public holidays. Hong Kong stocks closed higher on a technical rebound and selective bargain hunting after a steep sell-off last week. The benchmark Hang Seng Index closed up 0.34% at 14,898.77. South Korea's KOSPI climbed 2.18% to 1227.18, its biggest gain in 2 weeks, and the largest advance in the region today. Philippines were the only ones to decline at 1,949.42 fell 0.15%. The rest of the regional indices were in green, Singapore's STI at 2,343.39 (+1.65%); Thailand's SET at 709.59 (+0.09%); Indonesia's JCI at 1,102.780 (+0.74%).
posted by emacro @ 6:18 AM
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