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KLCI gains 0 34% on bargain hunting, Mobilia makes impressive ACE Market debut

KUALA LUMPUR (Feb 23): The main index at Bursa Malaysia gained 0.34% in early trade Tuesday on bargain hunting, while home furniture manufacturer Mobilia Holdings Bhd made an impressive start on the ACE Market of Bursa Malaysia and was both the most actively traded and top gaining stock in early trade. At 9.05am, the FBM KLCI gained 5.32 points to 1,575.78. The early gainers included Mobilia, Khind Bhd, Pimpinan Ehsan Bhd, Hengyuan Refining Company Bhd, Petronas Gas Bhd, Petronas Chemicals Group Bhd, PPB Group Bhd, Petron Malaysia Refining & Marketing Bhd and Heineken Malaysia Bhd. Meanwhile, Mobilia rose 51.5 sen to 74.5 sen with 80.32 million shares traded.

FBM KLCI falls as glove giants decline

KUALA LUMPUR (Feb 23): The FBM KLCI Index continued to end lower today following declines in its glove maker constituents, in contrast with other regional bourses trending higher in anticipation of insights from the US Federal Reserve. The local benchmark index closed 0.34% or 5.41 points lower today at 1,565.05, following declines in Hartalega Holdings Bhd, Top Glove Corp Bhd and Supermax Corp Bhd. Hartalega fell by 4.98% or 58 sen to RM11.06, valuing it at RM37.91 billion. Meanwhile, Top Glove was the local bourse’s 19th top value loser, finishing 1.9% or 11 sen lower at RM5.67, yielding a market value of RM46.51 billion. Supermax ended the trading day 1.45% or eight sen lower at RM5.45, valuing it at RM14.83 billion.

KLCI reverses loss to tick higher, but gains seen limited

KUALA LUMPUR (Feb 22): The main index of Bursa Malaysia reversed its loss and ticked higher in the mid-morning today, tracking regional markets, but gains were seen limited. At 10am, the FBM KLCI had added 0.18 points to 1,585.11. The index earlier slipped to a low of 1,585.54. Gainers led losers by 541 to 441, while 367 counters traded unchanged. Trading volume was 3.95 billion shares valued at RM1.39 billion. The gainers included Heineken Malaysia Bhd, Carlsberg Brewery Malaysia Bhd, Dutch Lady Milk Industries Bhd, Pimpinan Ehsan Bhd, Nestle (Malaysia) Bhd, Kobay Technology Bhd, KESM Industries Bhd and Petronas Gas Bhd (PetGas). The actively traded stocks included Key Alliance Group Bhd, Nexgram Holdings Bhd, Mestron Holdings Bhd, Dolphin International Bhd, AT Systematization Bhd, EA Holdings Bhd and Sapura Energy Bhd.

KLCI slips as glove makers drop, regional markets make guarded gains

KUALA LUMPUR (Feb 22): The main index at Bursa Malaysia slipped at the midday break as index-linked glove makers dragged, against the backdrop of guarded gains at regional markets. At 12.30pm, the FBM KLCI fell 4.14 points to 1,580.79. The index had earlier climbed to a high of 1,587.51. Gainers led losers by 453 to 380, while 726 counters traded unchanged. Trading volume was 8.12 billion shares valued at RM3.08 billion. The top losers included Hartalega Holdings Bhd, Supermax Corp Bhd, Top Glove Corp Bhd, ViTrox Corp Bhd, Tasco Bhd, Mi Technovation Bhd, Nestle (M) Bhd, Malaysian Pacific Industries Bhd, Amtel Holdings Bhd, Press Metal Aluminium Holdings Bhd and Khind Bhd.

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