20051027 Market Roundup JetFM
Digi.Com the most active with only 9.63 mln shares done
At 5 pm, the Kuala Lumpur Composite Index (KLCI) lost 0.75 points to 904.46. Volume expanded to 293.93 mln shares valued at RM734.23 mln. Losers outpaced gainers 341 to 293, while 324 counters were unchanged and 463 untraded. The Emas Index dropped 0.14 points to 205.62, while the Second Board fell 0.19 points to 83.24. Share prices ended flat after listless trading, with the market lacking in stimulating news and with most investors reluctant to take any heavy positions ahead of a long holiday next week. Among blue chips, Malayan Banking at RM11.40 was lower by 10 sen and Telekom shed 10 sen to RM9.80. Tenaga at RM10.00 was 20 sen lower extending its losses from yesterday after the company posted below-expectation results for the year to August. The stock also came under selling pressure from foreign funds that are reducing their exposure to Malaysian stocks. Digi.Com at RM6.90 jumped 70 sen with 9.63 mln shares done was the most active counter today.
Talks on a possible merger between CIMB and Southern Bank have only involved major Southern Bank shareholders Selangor Sultan Sharafuddin Idris Shah and Syed Mohd Yusof Syed Nasir, said Nazir Razak, chief executive of Malaysia's CIMB, Thursday. His remarks follow a statement from Southern Bank late Monday that suggested Chief Executive and substantial shareholder Tan Teong Hean opposes any merger and wants Southern Bank to stay independent. CIMB at RM6.20 was unchanged, while Southern Bank at RM3.80 lost 2 sen.
Killinghall was sharply higher on speculation that the company may be a takeover target for Bumiputera Commerce. They said interest in the stock is also supported by a perception that Killinghall is a cheaper means of entry into Southern Bank. Killinghall was up 24 sen at RM3.28.
Sunway City, or SunCity, plans to float a real estate investment trust that includes a shopping mall, hotels, office blocks and a university campus in 2007, senior managing director Wong Choon Kee said. He declined to say how much the REIT will be worth, but expects its size and yield to be attractive enough for foreign and local investors. SunCity at RM1.45 fell 5 sen.
AirAsia was higher extending its gains from yesterday after the company announced that the finance ministry has approved its investment allowance incentive application. The approval will enable it to offer low fares, which in turn will potentially enhance earnings. AirAsia was unchanged at RM1.63.
IOI Corp was higher on an improved earnings outlook on the back of expectations that crude palm oil prices will rise further on strong demand. IOI Corp was up 20 sen at RM13.00.
Among highlights for today, Malaysia Airports Holdings at RM1.85 (-1 sen); Dceil International at 41.5 sen (+4 sen); Maxbiz Corp at 20 sen (-0.5 sen); Sunrise at RM1.39 (-1 sen); Malaysian Merchant Marine at 50.5 sen (-0.5 sen); British American Tobacco at RM37.50 (+75 sen); QSR Brands at RM3.22 (unchanged).
Japan's Nikkei 225-Average merely inched upwards, with gains curbed by poor earnings results from technology companies. The Nikkei 225-Average finished 0.16% higher at 13,417.08. Investors' sentiment has been improving towards domestically focused stocks, which pushed the sector up 3.1% and the real estate sector up 1.8%. But the electrical machinery sector, which includes most of the big technology stocks, fell 0.6%. Construction companies continued their rise, the sector has enjoyed a spectacular week, boosted by UBS' estimate of strong demand to replace properties built during the 1965 to 1975 construction boom. But the sector that leapt the furthest was insurance, up 6.6% after Goldman Sachs spoke of the possibility of takeovers of non-life companies because of excess capital. The securities sector, which has risen strongly in recent weeks, was up 2.0% ahead of quarterly results from Nomura, the country's biggest securities house. Investors' confidence in the sector was rewarded by Nomura's announcement after market close of a quarterly profit 19 times higher than a year ago, boosted by higher equity trading and sales of investment funds. Regional indices were mostly lower, Hong Kong's Hang Seng at 14,381.06 (-0.53%); Singapore's STI at 2,201.90 (-1.21%); South Korea's KOSPI at 1,166.36 (-1.07%); Taiwan's TWSE at 5,661.18 (-0.69%); Thailand's SET at 684.88 (-0.02%); Philippines' PCOMP at 1,941.46 (+0.36%); Indonesia's JCI at 1,063.697 (+0.14%).
JetFM Customer Relations
At 5 pm, the Kuala Lumpur Composite Index (KLCI) lost 0.75 points to 904.46. Volume expanded to 293.93 mln shares valued at RM734.23 mln. Losers outpaced gainers 341 to 293, while 324 counters were unchanged and 463 untraded. The Emas Index dropped 0.14 points to 205.62, while the Second Board fell 0.19 points to 83.24. Share prices ended flat after listless trading, with the market lacking in stimulating news and with most investors reluctant to take any heavy positions ahead of a long holiday next week. Among blue chips, Malayan Banking at RM11.40 was lower by 10 sen and Telekom shed 10 sen to RM9.80. Tenaga at RM10.00 was 20 sen lower extending its losses from yesterday after the company posted below-expectation results for the year to August. The stock also came under selling pressure from foreign funds that are reducing their exposure to Malaysian stocks. Digi.Com at RM6.90 jumped 70 sen with 9.63 mln shares done was the most active counter today.
Talks on a possible merger between CIMB and Southern Bank have only involved major Southern Bank shareholders Selangor Sultan Sharafuddin Idris Shah and Syed Mohd Yusof Syed Nasir, said Nazir Razak, chief executive of Malaysia's CIMB, Thursday. His remarks follow a statement from Southern Bank late Monday that suggested Chief Executive and substantial shareholder Tan Teong Hean opposes any merger and wants Southern Bank to stay independent. CIMB at RM6.20 was unchanged, while Southern Bank at RM3.80 lost 2 sen.
Killinghall was sharply higher on speculation that the company may be a takeover target for Bumiputera Commerce. They said interest in the stock is also supported by a perception that Killinghall is a cheaper means of entry into Southern Bank. Killinghall was up 24 sen at RM3.28.
Sunway City, or SunCity, plans to float a real estate investment trust that includes a shopping mall, hotels, office blocks and a university campus in 2007, senior managing director Wong Choon Kee said. He declined to say how much the REIT will be worth, but expects its size and yield to be attractive enough for foreign and local investors. SunCity at RM1.45 fell 5 sen.
AirAsia was higher extending its gains from yesterday after the company announced that the finance ministry has approved its investment allowance incentive application. The approval will enable it to offer low fares, which in turn will potentially enhance earnings. AirAsia was unchanged at RM1.63.
IOI Corp was higher on an improved earnings outlook on the back of expectations that crude palm oil prices will rise further on strong demand. IOI Corp was up 20 sen at RM13.00.
Among highlights for today, Malaysia Airports Holdings at RM1.85 (-1 sen); Dceil International at 41.5 sen (+4 sen); Maxbiz Corp at 20 sen (-0.5 sen); Sunrise at RM1.39 (-1 sen); Malaysian Merchant Marine at 50.5 sen (-0.5 sen); British American Tobacco at RM37.50 (+75 sen); QSR Brands at RM3.22 (unchanged).
Japan's Nikkei 225-Average merely inched upwards, with gains curbed by poor earnings results from technology companies. The Nikkei 225-Average finished 0.16% higher at 13,417.08. Investors' sentiment has been improving towards domestically focused stocks, which pushed the sector up 3.1% and the real estate sector up 1.8%. But the electrical machinery sector, which includes most of the big technology stocks, fell 0.6%. Construction companies continued their rise, the sector has enjoyed a spectacular week, boosted by UBS' estimate of strong demand to replace properties built during the 1965 to 1975 construction boom. But the sector that leapt the furthest was insurance, up 6.6% after Goldman Sachs spoke of the possibility of takeovers of non-life companies because of excess capital. The securities sector, which has risen strongly in recent weeks, was up 2.0% ahead of quarterly results from Nomura, the country's biggest securities house. Investors' confidence in the sector was rewarded by Nomura's announcement after market close of a quarterly profit 19 times higher than a year ago, boosted by higher equity trading and sales of investment funds. Regional indices were mostly lower, Hong Kong's Hang Seng at 14,381.06 (-0.53%); Singapore's STI at 2,201.90 (-1.21%); South Korea's KOSPI at 1,166.36 (-1.07%); Taiwan's TWSE at 5,661.18 (-0.69%); Thailand's SET at 684.88 (-0.02%); Philippines' PCOMP at 1,941.46 (+0.36%); Indonesia's JCI at 1,063.697 (+0.14%).
JetFM Customer Relations
posted by emacro @ 5:14 AM
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