Friday 26 Apr 2024
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KUALA LUMPUR: BCHB and PPB help shore up the FBM KLCI at the midday break on Sept 8 but the broader market showed some signs of profit taking as Genting's sizzling three-day rally came to a halt.

At 12.30pm, the 30-stock FBM KLCI was up 1.83 point to 1,192.22, off its early high of 1,198.4. Turnover was 389.02 million shares valued at RM627.84 million. There were 248 gainers, 303 losers and 249 stocks unchanged.

Major Asian markets were mixed. Hong Kong's Hang Seng Index rose 0.6% to 20,758.2, its fourth-day of gains after China said it would sell sovereign bonds in Hong Kong, according to news reports.

Japan's Nikkei 225 rose 0.23% to 10,345.11, Shanghai's Composite Index added 0.2% to 2,887.02 but Singapore's Straits Times Index fell 0.3% to 2,635.34.
Light crude oil rose 42 sen to US$68.44 ahead of an OPEC meeting on Wednesday, which analysts believe may see more rhetoric on compliance but no change in output targets. Crude palm oil futures added RM35 to RM2,147.

At Bursa Malaysia drug maker Pharmaniaga rose 32 sen to RM4.32 but with only 100 shares done while positive news about CCM Duopharma Biotech rose 15 sen to RM2.72.

Dutch Lady added 30 sen to RM11.60, Proton 21 sen to RM3.57 while Mudajaya added 14 sen to RM3.45 and PPB 12 sen to RM15.70.

Jetson rose 10 sen to RM1.38, Jetson-WA added six sen to 68.5 sen on the revised takeover offer.

KNM was the most active with 32.18 million shares done, easing 0.5 sen to 73 sen. Axiata added four sen to RM3.14 but TM fell three sen to RM3.17 in active trade.

Genting shed 16 sen to RM7.12, Hartalega 13 sen to RM5.24. MTD 12 sen to RM2.43 and MISC nine sen lower at RM8.81.

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