KUALA LUMPUR (Feb 3): The main index of Bursa Malaysia had pared some its gains at the midday break today as index-linked glove makers ranked among the decliners, while regional bourses rallied.
At 12.30pm, the FBM KLCI was up 5.53 points at 1,586.02. The index earlier rose to a high of 1,593.46.
Gainers led losers by 624 to 410, while 419 counters traded unchanged. Trading volume was 3.16 billion shares valued at RM2.34 billion.
The gainers included Malaysian Pacific Industries Bhd, UWC Bhd, ViTrox Corp Bhd, Nestle (Malaysia) Bhd, Greatech Technology Bhd, KESM Industries Bhd, Mi Technovation Bhd, Pentamaster Corp Bhd and Toyo Ventures Holdings Bhd.
The actively traded stocks included Iris Corp Bhd. Greatech, Dagang NeXchange Bhd (DNeX), QES Group Bhd and Vizione Holdings Bhd.
KUALA LUMPUR (Feb 2): The main index at Bursa Malaysia got into consolidation mode in the morning trade session Tuesday and pared some of its gains at midday break, against the backdrop of firmer regional markets.
At 12.30pm, the FBM KLCI was up 12.07 points to 1,578.47. The index had earlier risen to a high of 1,585.18.
Losers overtook gainers by 541 to 527, while 422 counters traded unchanged. Trading volume was 3.97 billion shares valued at RM2.64 billion.
The gainers included Kuala Lumpur Kepong Bhd, Petronas Dagangan Bhd, Frontken Corp Bhd, Hengyuan Refining Company Bhd, Hartalega Holdings Bhd, Nestle (M) Bhd and Tasco Bhd.
The actively traded stocks included Iris Corp Bhd, Trive Property Group Bhd, EA Holdings Bhd, GPAS Holdings Bhd, AT Systematization Bhd and QES Group Bhd.
Despite beating various e-government service providers to bag an RM1.16 billion government contract for an immigration system, shares in Iris Corp Bhd did not receive the expected boost today.
The stocks with negative momentum were:
Bintulu Port Holdings Bhd up 16 sen at RM4.20
Chuan Huat Resources Bhd up 4.5 sen at 46.5 sen
Federal International Holdings Bhd unchanged at 60 sen
Heng Huat Resources Group Bhd up 5.5 sen at 53 sen
Iris Corp Bhd down 3.5 sen at 40 sen
Malayan Flour Mills Bhd up eight sen at 98 sen
Rhone Ma Holdings Bhd down 10 sen at 94 sen
SDS Group Bhd up 1.5 sen at 26 sen
See Hup Consolidated Bhd up 37 sen at RM1.62
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.