20051017 Market Roundup JetFM
Another point lower
At 5 pm, the Kuala Lumpur Composite Index (KLCI) lost 1.32 points to 924.27. Volume expanded to 389.56 mln shares valued at RM520.58 mln. Losers outpaced gainers 488 to 193, while 328 counters were unchanged and 410 untraded. The Emas Index fell 0.47 points to 210.05, while the Second Board dropped 0.51 points to 86.18. Share prices closed lower in generally sluggish trade except in the shipping sector, which gained slightly on expectations that the improved outlook for freight rates will boost their earnings. Among blue chips, Tenaga at RM10.70, Malayan Banking at RM11.50 and Telekom at RM10.10 were all unchanged.
"We just close down Proton if this is what the people want." This is the gist of Tun Dr Mahathir Mohamad's comments today on calls to close down the national carmaker as it is said to be, among others, not competitive and the national car policy had burdened the people besides paying a high price for the national car. SMS responses published by a newspaper today made stinging comments about the current state of Proton, many of them went to the extent of proposing that it be closed down. Proton at RM8.55 added 5 sen.
Thai AirAsia, a unit of AirAsia, will start its Clark-Macau-Bangkok flights by end-November after securing provisional permit from the Civil Aeronautics Board (CAB) last Friday, the Philippine Daily Inquirer newspaper reported. The report quoted CAB executive director Tomas Manalac as saying that the regulator had given Thai AirAsia a 30-day authority to fly the route. Meanwhile, Manalac said Tiger Airways Ltd, a low-cost carrier based in Singapore, had not been given a permit to fly the same route due to undisclosed outstanding issues on its application. AirAsia at RM1.53 gained 1 sen.
Southern Bank said it bought back a total of 3.18 mln shares for RM10.95 mln at prices ranging from RM3.38 to RM3.54 per share. The purchases were made during October 3 till October 12. Following the repurchases, it had 37.31 mln shares in its treasury account. Southern Bank at RM3.42 increased 4 sen.
Closing prices for the 8 companies in the benchmark KLCI that will be replaced: Nikko Electronics at 98 sen (-2 sen); Tradewinds at RM2.51 (-2 sen); Nylex at 69 sen (+1 sen); Leader Universal Holdings at 31.5 sen (-0.5 sen); MNRB Holdings at RM3.68 (-4 sen); MNI Holdings at RM3.88 (unchanged); AMDB at 12 sen (+0.5 sen); Selangor Dredging at 38.5 sen (-0.5 sen). For the 8 companies that would be included: Diversified Holdings at RM1.79 (+3 sen); Titan Chemicals Corp at RM1.66 (+1 sen); DRB-Hicom at RM1.55 (+3 sen); Lion Industries Corp at 81.5 sen (-1 sen); Malaysian Plantations at RM2.39 (+1 sen); Kurnia Asia at RM1.09 (unchanged); MK Land Holdings at 90.5 sen (+2 sen); Island & Peninsular at RM1.38 (+1 sen).
Share prices of Malaysian shipping stocks responded to press reports on the shipping industry, Malaysian Merchant Marine at 54 sen (+2.5 sen); Global Carriers at 37.5 sen (+7.5 sen); Nepline at 38.5 sen (+1 sen); Malaysian Bulk Carriers at RM2.24 (unchanged); Halim Mazmin at 76.5 sen (+1.5 sen); MISC at RM9.65 (+5 sen). Among other highlights for the day, CI Holdings at RM1.15 (-1 sen); QSR Brands at RM3.24 (+2 sen); Hong Leong Bank at RM5.30 (-5 sen); Ann Joo Resources at RM1.32 (-1 sen); Johor Port at RM2.20 (unchanged); Malaysian Airline System at RM3.30 (+14 sen); PPB Oil Palms at RM4.88 (-2 sen); Scicom MSC at 80 sen (-3 sen); Dataprep Holdings at 59.5 sen (+2 sen); Sindora at RM1.29 (-1 sen); Plenitude at RM1.18 (+1 sen).
Japanese stocks closed Monday almost unchanged. Gains in the market were checked by news that Premier Koizumi, had visited the controversial Yasukuni war shrine. The Nikkei 225-Average was down 0.15% at 13,400.29. The Yasukuni shrine visit worried investors because countries such as China regard such visits as a sign that Tokyo is unrepentant about past war crimes. Japanese share prices were hit in April by large-scale protests in China about Japan's alleged failure to acknowledge atrocities committed there. This provoked fears that China's role as a manufacturer and consumer of Japanese products could be disrupted. The iron and steel sector fell partly on further profit taking, and partly because China-based factories are big customers for Japanese steel. The whole region was in red except for Hong Kong's Hang Seng at 14,541.35 (+0.38%); Singapore's STI at 2,288.54 (-0.64%); South Korea's KOSPI at 1,176.36 (-1.16%); Taiwan's TWSE at 5,826.27 (-2.39%); Thailand's SET at 697.28 (-0.39%); Philippines' PCOMP at 1,947.46 (-0.29%); Indonesia's JCI at 1,090.091 (-0.60%).
At 5 pm, the Kuala Lumpur Composite Index (KLCI) lost 1.32 points to 924.27. Volume expanded to 389.56 mln shares valued at RM520.58 mln. Losers outpaced gainers 488 to 193, while 328 counters were unchanged and 410 untraded. The Emas Index fell 0.47 points to 210.05, while the Second Board dropped 0.51 points to 86.18. Share prices closed lower in generally sluggish trade except in the shipping sector, which gained slightly on expectations that the improved outlook for freight rates will boost their earnings. Among blue chips, Tenaga at RM10.70, Malayan Banking at RM11.50 and Telekom at RM10.10 were all unchanged.
"We just close down Proton if this is what the people want." This is the gist of Tun Dr Mahathir Mohamad's comments today on calls to close down the national carmaker as it is said to be, among others, not competitive and the national car policy had burdened the people besides paying a high price for the national car. SMS responses published by a newspaper today made stinging comments about the current state of Proton, many of them went to the extent of proposing that it be closed down. Proton at RM8.55 added 5 sen.
Thai AirAsia, a unit of AirAsia, will start its Clark-Macau-Bangkok flights by end-November after securing provisional permit from the Civil Aeronautics Board (CAB) last Friday, the Philippine Daily Inquirer newspaper reported. The report quoted CAB executive director Tomas Manalac as saying that the regulator had given Thai AirAsia a 30-day authority to fly the route. Meanwhile, Manalac said Tiger Airways Ltd, a low-cost carrier based in Singapore, had not been given a permit to fly the same route due to undisclosed outstanding issues on its application. AirAsia at RM1.53 gained 1 sen.
Southern Bank said it bought back a total of 3.18 mln shares for RM10.95 mln at prices ranging from RM3.38 to RM3.54 per share. The purchases were made during October 3 till October 12. Following the repurchases, it had 37.31 mln shares in its treasury account. Southern Bank at RM3.42 increased 4 sen.
Closing prices for the 8 companies in the benchmark KLCI that will be replaced: Nikko Electronics at 98 sen (-2 sen); Tradewinds at RM2.51 (-2 sen); Nylex at 69 sen (+1 sen); Leader Universal Holdings at 31.5 sen (-0.5 sen); MNRB Holdings at RM3.68 (-4 sen); MNI Holdings at RM3.88 (unchanged); AMDB at 12 sen (+0.5 sen); Selangor Dredging at 38.5 sen (-0.5 sen). For the 8 companies that would be included: Diversified Holdings at RM1.79 (+3 sen); Titan Chemicals Corp at RM1.66 (+1 sen); DRB-Hicom at RM1.55 (+3 sen); Lion Industries Corp at 81.5 sen (-1 sen); Malaysian Plantations at RM2.39 (+1 sen); Kurnia Asia at RM1.09 (unchanged); MK Land Holdings at 90.5 sen (+2 sen); Island & Peninsular at RM1.38 (+1 sen).
Share prices of Malaysian shipping stocks responded to press reports on the shipping industry, Malaysian Merchant Marine at 54 sen (+2.5 sen); Global Carriers at 37.5 sen (+7.5 sen); Nepline at 38.5 sen (+1 sen); Malaysian Bulk Carriers at RM2.24 (unchanged); Halim Mazmin at 76.5 sen (+1.5 sen); MISC at RM9.65 (+5 sen). Among other highlights for the day, CI Holdings at RM1.15 (-1 sen); QSR Brands at RM3.24 (+2 sen); Hong Leong Bank at RM5.30 (-5 sen); Ann Joo Resources at RM1.32 (-1 sen); Johor Port at RM2.20 (unchanged); Malaysian Airline System at RM3.30 (+14 sen); PPB Oil Palms at RM4.88 (-2 sen); Scicom MSC at 80 sen (-3 sen); Dataprep Holdings at 59.5 sen (+2 sen); Sindora at RM1.29 (-1 sen); Plenitude at RM1.18 (+1 sen).
Japanese stocks closed Monday almost unchanged. Gains in the market were checked by news that Premier Koizumi, had visited the controversial Yasukuni war shrine. The Nikkei 225-Average was down 0.15% at 13,400.29. The Yasukuni shrine visit worried investors because countries such as China regard such visits as a sign that Tokyo is unrepentant about past war crimes. Japanese share prices were hit in April by large-scale protests in China about Japan's alleged failure to acknowledge atrocities committed there. This provoked fears that China's role as a manufacturer and consumer of Japanese products could be disrupted. The iron and steel sector fell partly on further profit taking, and partly because China-based factories are big customers for Japanese steel. The whole region was in red except for Hong Kong's Hang Seng at 14,541.35 (+0.38%); Singapore's STI at 2,288.54 (-0.64%); South Korea's KOSPI at 1,176.36 (-1.16%); Taiwan's TWSE at 5,826.27 (-2.39%); Thailand's SET at 697.28 (-0.39%); Philippines' PCOMP at 1,947.46 (-0.29%); Indonesia's JCI at 1,090.091 (-0.60%).
posted by emacro @ 4:08 AM
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