20051025 Market Roundup JetFM
KLCI ends unchanged in lackluster mood
At 5 pm, the Kuala Lumpur Composite Index (KLCI) added 0.05 points to 904.75. Volume expanded to 323.53 mln shares valued at RM628.93 mln. Losers outpaced gainers 431 to 241, while 326 counters were unchanged and 422 untraded. The Emas Index dropped 0.18 points to 205.47, while the Second Board fell 0.29 points to 83.60. Share prices were lower given the absence of positive leads and the impending release of key index heavyweight Tenaga's full-year results later today. Southern Bank's denial that it is seeking to merge with CIMB also affected market sentiment. Among blue chips, Tenaga at RM10.30 and Telekom at RM9.95 were both unchanged, while Malayan Banking at RM11.50 gained 20 sen. MNC Wireless at 28.5 sen was 3.5 sen lower against its initial public offering price on the MESDAQ market of Bursa Malaysia. The counter was the most active with 19.42 mln shares done.
Killinghall's 10 mln irredeemable unsecured convertible loan stocks (ICULS) were traded off-market on October 25. According to stock market data, the ICULS were traded at a RM16 mln or RM1.60 a unit. The ICULS ended day at RM1.51 down 5 sen, while Killinghall at RM2.49 fell 10 sen.
KNM Group lost 2 sen to RM3.32, despite a report saying that the company plans to increase its production capacity by 30% annually over the next 2 years to meet growing demand for process equipment in the crude oil and gas, petrochemical and mineral sectors.
DXN Holdings has booked a 13.3% on-year jump on group revenue to RM95.344 mln for the 6 months ended 31 August 2005 thanks to robust overseas and domestic sales. DXN is a manufacturer of health supplements, but recently it has ventured into property development in Penang. DXN at 65 sen was flat.
Top Glove Corp will spend RM100 mln on factories in China and Malaysia to boost capacity and help meet its target for record profit next fiscal year. Top Glove, which has 11 factories, will build a 2nd plant in China and 2 more in Malaysia by August next year, boosting capacity by 40%, according to Chief Executive Officer Lim Wee-Chai. Top Glove at RM5.10 increased 10 sen.
LCTH Corp promised shareholders a high dividend payout of 7.6 sen for calendar 2005. Last year, the company rewarded shareholders with a 8.56 sen dividend per share. LCTH at 46 sen improved 1 sen. Titan Chemicals Corp was higher in early trade after shareholders approved the company's plans to buy back up to 10% of its shares. Titan closed unchanged at RM1.63.
Among highlights for today, Southern Bank at RM3.80 (unchanged); NCB Holdings at RM2.45 (unchanged); Atlan Holdings at RM2.15 (-3 sen); Kuala Lumpur Kepong at RM7.85 (+5 sen); IOI Corp at RM12.70 (-10 sen); IOI Oleochemical Industries at RM11.60 (unchanged); Asian Pac Holdings Warrants at 1.5 sen (-1.5 sen); Asian Pac Holdings at 11.5 sen (unchanged); AirAsia at RM1.56 (+5 sen); Supermax Corp at RM3.76 (+2 sen); Seal Polymer Industries at RM1.20 (unchanged); MBf Corp at 5.5 sen (unchanged); Tanjung Offshore at RM1.99 (+6 sen); SAAG Consolidated at 75.5 sen (+0.5 sen); Equine Capital at 43.5 sen (-1 sen); Ramunia Holdings at RM1.17 (-3 sen).
Japanese stocks rose sharply on Tuesday, boosted by renewed optimism about the US economy. The Nikkei 225-Average jumped 1.33% to 13,280.62. Shares of several exporters climbed strongly after US stocks showed their biggest daily increase in 6 months overnight, responding to the nomination of Ben Bernanke to succeed Alan Greenspan as chairman of the Federal Reserve. Mr. Bernanke pledged to maintain continuity with the policies and policy strategies established during the Greenspan years. The transport equipment sector, which is highly exposed to the US market, climbed 1.5%. The internationally exposed iron and steel sector also jumped 2.3%. Some domestically focused sectors also performed well. Securities companies, which have under-performed other financial and domestic stocks in general this year, made up by rising 2.3%. Construction companies rose after UBS increased target prices, citing the need to rebuild many office buildings completed in the 1965 to 1975 construction boom.
Regional indices were in mixed performance, Hong Kong's Hang Seng at 14,424.88 (+0.16%); Singapore's STI at 2,226.46 (+0.16%); South Korea's KOSPI at 1,181.28 (-0.28%); Taiwan's TWSE at 5,721.31 (+0.07%); Thailand's SET at 679.91 (-0.92%); Philippines' PCOMP at 1,927.49 (+0.52%); Indonesia's JCI at 1,062.172 (-1.02%).
At 5 pm, the Kuala Lumpur Composite Index (KLCI) added 0.05 points to 904.75. Volume expanded to 323.53 mln shares valued at RM628.93 mln. Losers outpaced gainers 431 to 241, while 326 counters were unchanged and 422 untraded. The Emas Index dropped 0.18 points to 205.47, while the Second Board fell 0.29 points to 83.60. Share prices were lower given the absence of positive leads and the impending release of key index heavyweight Tenaga's full-year results later today. Southern Bank's denial that it is seeking to merge with CIMB also affected market sentiment. Among blue chips, Tenaga at RM10.30 and Telekom at RM9.95 were both unchanged, while Malayan Banking at RM11.50 gained 20 sen. MNC Wireless at 28.5 sen was 3.5 sen lower against its initial public offering price on the MESDAQ market of Bursa Malaysia. The counter was the most active with 19.42 mln shares done.
Killinghall's 10 mln irredeemable unsecured convertible loan stocks (ICULS) were traded off-market on October 25. According to stock market data, the ICULS were traded at a RM16 mln or RM1.60 a unit. The ICULS ended day at RM1.51 down 5 sen, while Killinghall at RM2.49 fell 10 sen.
KNM Group lost 2 sen to RM3.32, despite a report saying that the company plans to increase its production capacity by 30% annually over the next 2 years to meet growing demand for process equipment in the crude oil and gas, petrochemical and mineral sectors.
DXN Holdings has booked a 13.3% on-year jump on group revenue to RM95.344 mln for the 6 months ended 31 August 2005 thanks to robust overseas and domestic sales. DXN is a manufacturer of health supplements, but recently it has ventured into property development in Penang. DXN at 65 sen was flat.
Top Glove Corp will spend RM100 mln on factories in China and Malaysia to boost capacity and help meet its target for record profit next fiscal year. Top Glove, which has 11 factories, will build a 2nd plant in China and 2 more in Malaysia by August next year, boosting capacity by 40%, according to Chief Executive Officer Lim Wee-Chai. Top Glove at RM5.10 increased 10 sen.
LCTH Corp promised shareholders a high dividend payout of 7.6 sen for calendar 2005. Last year, the company rewarded shareholders with a 8.56 sen dividend per share. LCTH at 46 sen improved 1 sen. Titan Chemicals Corp was higher in early trade after shareholders approved the company's plans to buy back up to 10% of its shares. Titan closed unchanged at RM1.63.
Among highlights for today, Southern Bank at RM3.80 (unchanged); NCB Holdings at RM2.45 (unchanged); Atlan Holdings at RM2.15 (-3 sen); Kuala Lumpur Kepong at RM7.85 (+5 sen); IOI Corp at RM12.70 (-10 sen); IOI Oleochemical Industries at RM11.60 (unchanged); Asian Pac Holdings Warrants at 1.5 sen (-1.5 sen); Asian Pac Holdings at 11.5 sen (unchanged); AirAsia at RM1.56 (+5 sen); Supermax Corp at RM3.76 (+2 sen); Seal Polymer Industries at RM1.20 (unchanged); MBf Corp at 5.5 sen (unchanged); Tanjung Offshore at RM1.99 (+6 sen); SAAG Consolidated at 75.5 sen (+0.5 sen); Equine Capital at 43.5 sen (-1 sen); Ramunia Holdings at RM1.17 (-3 sen).
Japanese stocks rose sharply on Tuesday, boosted by renewed optimism about the US economy. The Nikkei 225-Average jumped 1.33% to 13,280.62. Shares of several exporters climbed strongly after US stocks showed their biggest daily increase in 6 months overnight, responding to the nomination of Ben Bernanke to succeed Alan Greenspan as chairman of the Federal Reserve. Mr. Bernanke pledged to maintain continuity with the policies and policy strategies established during the Greenspan years. The transport equipment sector, which is highly exposed to the US market, climbed 1.5%. The internationally exposed iron and steel sector also jumped 2.3%. Some domestically focused sectors also performed well. Securities companies, which have under-performed other financial and domestic stocks in general this year, made up by rising 2.3%. Construction companies rose after UBS increased target prices, citing the need to rebuild many office buildings completed in the 1965 to 1975 construction boom.
Regional indices were in mixed performance, Hong Kong's Hang Seng at 14,424.88 (+0.16%); Singapore's STI at 2,226.46 (+0.16%); South Korea's KOSPI at 1,181.28 (-0.28%); Taiwan's TWSE at 5,721.31 (+0.07%); Thailand's SET at 679.91 (-0.92%); Philippines' PCOMP at 1,927.49 (+0.52%); Indonesia's JCI at 1,062.172 (-1.02%).
posted by emacro @ 4:05 AM
0 comments
0 Comments:
Post a Comment
<< Home