Saturday 20 Apr 2024
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KUALA LUMPUR: Shares of tolled-road operators PLUS, Litrak Trans Kota Holdings Bhd (Litrak) and IJM rose at midday on Feb 26 on news that toll rates for several highways would go up on March 1.

At 12.30pm, PLUS was up five sen to RM2.94, Litrak (which operates SPRINT Highway) added seven sen to RM1.97 and IJM (New Pantai Expressway) six sen higher to RM3.64.

However, the KL Composite Index lost 0.38 point to 896.13. Turnover was 148.18 million shares valued at RM202.52 million. There were 121 gainers, 203 losers and 189 counters unchanged.

All key Asian markets, except Japan, were in the red. Hong Kong’s Hang Seng Index fell 0.8% to 12,900.74, Singapore’s STI shed 0.2% to 1,613.65, Shanghai’s Composite Index 0.32% lower at 2,199.56. However, the Nikkei 225 rose 0.86% to 7,525.49.

Light crude oil rose 14 cents to RM42.64 while the crude palm oil futures added RM17 to RM,911.

The gains in CPO price saw buying interest in KL Kepong, which advanced 10 sen to RM10, IOI Corp added eight sen to RM3.88, Glenealy eight sen also to RM3.10 and Sime five sen to RM5.75.

Tenaga was the top gainer, rising 15 sen to RM6.45 while hospital operator KPJ was 10 sen higher at RM2.80.

HL Industries was the top loser. sliding 13.8% or 48 sen to RM3 with 1,000 shares done. Loh & Loh fell 36 sen to RM4.36 and Putrajaya Perdana 20 sen to RM4.20.

Pos Malaysia fell 12 sen to RM2.02. It made net loss of RM113.20 million in the fourth quarter due to operations loss and impairments totalling RM107.19 million, mainly for diminution in value of Transmile Group.

TMI, which will unveil its recapitalisation plan this evening that could include a rights issue, fell six sen to RM3.08.

Resorts World fell three sen to RM2.21after it made a net loss of RM387.84 million in the fourth quarter ended Dec 31 due to the impairment of its investment in Star Cruises of RM781.5 million. 

 

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