Maybank, Axiata up at midday

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KUALA LUMPUR: Maybank and Axiata (formerly TM International) rose in active trade in the morning session on continued support from local funds, enabling the 100-stock KL Composite Index to stay above the 880 level. However, key Asian markets were mostly lower except for Japan and Shanghai. At 12.30pm, the KLCI rose 7.91 points to 880.46. Turnover was 172.7 million shares valued at RM190 million. There were 241 gainers, 132 losers and 141 stocks unchanged. Singapore’s Straits Times Index fell 0.2% to 1,696.18, Hang Seng Index lost 1% to 13,436.57 but the Nikkei 225 advanced 1.84% to 8,258.69 and Shanghai Composite Index added 1.12% to 2,399.70. Light crude oil fell US$1.20 to US$48.46 while crude palm oil third-month contracts rose RM29 to RM1,999. Maybank rose 14 sen to RM4 while Axiata added five sen to RM2.31 in active trade. Astino was the top gainer, rising 28.5 sen to 64 sen with just 200 shares done. BAT added 25 sen to RM45.75 while Rapid jumped 18 sen to RM2.08 while up 12 sen each were Top Glove and IJM to RM4.92 and RM4.20. DiGi added 10 sen to RM21.30. AsiaBio was the most active, but it was unchanged at eight sen. BoxPax fell the most, down 22 sen to 86 sen, Subur 16 sen to RM1.57, United Plantations 10 sen lower to RM10.30, Ta Win nine sen to 50 sen and Chin Well 8.5 sen to 71 sen.