20051028 Market Roundup JetFM
Market in holiday mood
Next week, Bursa Malaysia will close on November 1st for the Hindu festival Deepavali and then on November 3rd and 4th for the Muslim festival Hari Raya Aidil Fitri. Today at 5 pm, the Kuala Lumpur Composite Index (KLCI) improved 1.33 points to 905.79. Volume expanded to 277.18 mln shares valued at RM645.94 mln. Losers outpaced gainers 314 to 290, while 334 counters were unchanged and 483 untraded. The Emas Index added 0.21 points to 205.83, while the Second Board fell 0.07 points to 83.17. Share prices ended the day slightly higher in sluggish trade as most investors stayed on the sidelines ahead of the long holidays. The 115-point fall on the Dow Jones Industrial Average also weighed on sentiment. Among blue chips, Tenaga at RM10.10 and Malayan Banking at RM11.50 were both 10 sen higher, while Telekom at RM9.75 was 5 sen lower.
The Employees Provident Fund (EPF) has recorded an income of RM3 bln from its investments for the 3rd quarter of the year, a decrease of 4.2% from RM3.2 bln recorded in the 2nd quarter. EPF in a statement here Friday said its investment income from Malaysian government securities, loans and bonds, money market instruments and property registered higher increases while equities yielded lower returns as compared to the last quarter. However, the accumulated investment income for the 9-month period up to September 2005 increased by 17% to RM9.1 bln compared with RM7.8 bln in the corresponding period of last year. Despite the increase, EPF said members were cautioned not to expect significant changes in the dividend rate for 2005 as the final quarter results have not been incorporated. It will cost more to pay out 1% dividend compared to the previous year following an increase in membership, it said.
MNC Wireless, which offers mobile technology consultancy services, was up 10.5 sen at 38.5 sen on possible buying by institutional funds interested in entering the telecommunications sector. The counter was the most active with 11.49 mln shares done.
Transmile Group was lower after the company announced that it is planning a private placement of up to 22.19 mln shares, which is seen as earnings dilutive. Transmile fell 10 sen to RM10.70.
Bumiputra Commerce Holdings was lower on selling pressure from some institutional funds, which could have also been precipitated by speculation that the company is unlikely to be able to merge with Southern Bank. Bumiputra Commerce was down 10 sen at RM5.50. Commerce Asset-Holding will be traded and quoted under its new name, Bumiputra-Commerce Holdings, with effect from November 2. It added that the stock short name and stock number remain unchanged.
Among highlights for the day, Southern Bank at RM3.90 (+10 sen); Golden Hope Plantations at RM4.14 (-2 sen); Texchem Resources at RM1.17 (+7 sen); Genting at RM20.50 (-10 sen); DiGi.Com at RM6.95 (+5 sen); Malaysian AE Models at 85 sen (+1 sen); Bursa Malaysia at RM4.46 (+6 sen); Media Prima at RM1.57 (+3 sen); CIMB at RM6.10 (-10 sen); Sarawak Oil Palms at RM1.22 (-1 sen); AMMB Holdings at RM2.37 (+2 sen); AirAsia at RM1.61 (-2 sen).
Japanese stocks fell on Friday, hit by profit taking after 3 days of rises and by some disappointing quarterly earnings. The Nikkei 225-Average was down 0.53% to 13,346.54. Some traders were also nervous about disappointing industrial production figures, although the latest round of employment numbers showed a continuing improvement. The insurance sector plunged 4.4% as speculation of takeovers to exploit companies' excess capital subsided. Nevertheless, insurers have still put in an extremely strong performance this year, boosted by growing confidence about Japan's economic recovery and their exposure to rising Japanese stock prices. All regional indices were bearish except for Philippines' PCOMP at 1,960.22 (+0.97%); Hong Kong's Hang Seng at 14,215.83 (-1.15%); Singapore's STI at 2,192.41 (-0.43%); South Korea's KOSPI at 1,140.72 (-2.20%); Taiwan's TWSE at 5,632.97 (-0.50%); Thailand's SET at 680.95 (-0.63%);Indonesia's JCI at 1,058.256 (-0.51%).
JetFM Customer Relations
Next week, Bursa Malaysia will close on November 1st for the Hindu festival Deepavali and then on November 3rd and 4th for the Muslim festival Hari Raya Aidil Fitri. Today at 5 pm, the Kuala Lumpur Composite Index (KLCI) improved 1.33 points to 905.79. Volume expanded to 277.18 mln shares valued at RM645.94 mln. Losers outpaced gainers 314 to 290, while 334 counters were unchanged and 483 untraded. The Emas Index added 0.21 points to 205.83, while the Second Board fell 0.07 points to 83.17. Share prices ended the day slightly higher in sluggish trade as most investors stayed on the sidelines ahead of the long holidays. The 115-point fall on the Dow Jones Industrial Average also weighed on sentiment. Among blue chips, Tenaga at RM10.10 and Malayan Banking at RM11.50 were both 10 sen higher, while Telekom at RM9.75 was 5 sen lower.
The Employees Provident Fund (EPF) has recorded an income of RM3 bln from its investments for the 3rd quarter of the year, a decrease of 4.2% from RM3.2 bln recorded in the 2nd quarter. EPF in a statement here Friday said its investment income from Malaysian government securities, loans and bonds, money market instruments and property registered higher increases while equities yielded lower returns as compared to the last quarter. However, the accumulated investment income for the 9-month period up to September 2005 increased by 17% to RM9.1 bln compared with RM7.8 bln in the corresponding period of last year. Despite the increase, EPF said members were cautioned not to expect significant changes in the dividend rate for 2005 as the final quarter results have not been incorporated. It will cost more to pay out 1% dividend compared to the previous year following an increase in membership, it said.
MNC Wireless, which offers mobile technology consultancy services, was up 10.5 sen at 38.5 sen on possible buying by institutional funds interested in entering the telecommunications sector. The counter was the most active with 11.49 mln shares done.
Transmile Group was lower after the company announced that it is planning a private placement of up to 22.19 mln shares, which is seen as earnings dilutive. Transmile fell 10 sen to RM10.70.
Bumiputra Commerce Holdings was lower on selling pressure from some institutional funds, which could have also been precipitated by speculation that the company is unlikely to be able to merge with Southern Bank. Bumiputra Commerce was down 10 sen at RM5.50. Commerce Asset-Holding will be traded and quoted under its new name, Bumiputra-Commerce Holdings, with effect from November 2. It added that the stock short name and stock number remain unchanged.
Among highlights for the day, Southern Bank at RM3.90 (+10 sen); Golden Hope Plantations at RM4.14 (-2 sen); Texchem Resources at RM1.17 (+7 sen); Genting at RM20.50 (-10 sen); DiGi.Com at RM6.95 (+5 sen); Malaysian AE Models at 85 sen (+1 sen); Bursa Malaysia at RM4.46 (+6 sen); Media Prima at RM1.57 (+3 sen); CIMB at RM6.10 (-10 sen); Sarawak Oil Palms at RM1.22 (-1 sen); AMMB Holdings at RM2.37 (+2 sen); AirAsia at RM1.61 (-2 sen).
Japanese stocks fell on Friday, hit by profit taking after 3 days of rises and by some disappointing quarterly earnings. The Nikkei 225-Average was down 0.53% to 13,346.54. Some traders were also nervous about disappointing industrial production figures, although the latest round of employment numbers showed a continuing improvement. The insurance sector plunged 4.4% as speculation of takeovers to exploit companies' excess capital subsided. Nevertheless, insurers have still put in an extremely strong performance this year, boosted by growing confidence about Japan's economic recovery and their exposure to rising Japanese stock prices. All regional indices were bearish except for Philippines' PCOMP at 1,960.22 (+0.97%); Hong Kong's Hang Seng at 14,215.83 (-1.15%); Singapore's STI at 2,192.41 (-0.43%); South Korea's KOSPI at 1,140.72 (-2.20%); Taiwan's TWSE at 5,632.97 (-0.50%); Thailand's SET at 680.95 (-0.63%);Indonesia's JCI at 1,058.256 (-0.51%).
JetFM Customer Relations
posted by emacro @ 6:01 AM
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