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Bursa ends morning session easier

PetDag slipped 38 sen to RM19.78, while Hartalega shed 20 sen to RM10.08. At the lunch break, the FBM KLCI had eased 8.18 points to 1,593.47 from last Friday’s close at 1,601.65. The index opened 0.44 of a point higher at 1,602.09, and moved between 1,592.84 and 1,602.09 throughout the morning session. Market breadth was negative with losers outnumbering gainers 853 to 272, while 331 counters were unchanged, 697 untraded and five others suspended. Total volume stood at 4.31 billion shares worth RM2.71 billion. A dealer said the local bourse opened higher but turned negative thereafter before succumbing to profit taking in the mid-morning session in a choppy trade to end the session lower. 

KLCI rises 1 04% as Petronas-linked stocks lead gains

Steel-related counters up after Malaysia imposed anti-dumping duties on flat-rolled products from China, South Korea, Vietnam

KUALA LUMPUR (Dec 24): Share prices of Bursa Malaysia-listed steel-related companies including Hiap Teck Venture Bhd and Malaysia Steel Works (KL) Bhd (Masteel) rose in morning trade today among most active stocks on news Malaysia had imposed anti-dumping duties on certain flat-rolled steel products from China, South Korea and Vietnam for five years. At 9.53am, Hiap Teck had risen 1.5 sen or 3.23% to 48 sen, while Masteel added 4.5 sen or 8.85% to 56.5 sen. Hiap Teck registered a trading volume of some 48 million shares, while Masteel saw about 45 million shares changing hands.  Yesterday, news reports, quoting Malaysia’s Ministry of International Trade and Industry (MITI), reported that the duties on flat-rolled products of non-alloy steel plated or coated with aluminium and zinc came after an anti-dumping investigation was carried out on behalf of the domestic industry.

KLCI continues downtrend at midday

KLCI continues downtrend at midday
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