Friday 29 Mar 2024
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KUALA LUMPUR: Blue chips and smaller cap stocks rose in active trade in the morning session on Wednesday, Sept 16, while Proton, debutant Halex and Wah Seong were among the major gainers.

The broader market was firmer with three advancing counters to two decliners as trading volume showing an improvement and the FBM KLCI managed to stay steady above the key 1,200 level.

At 12.30pm, the FBM KLCI was up 4.48 points to 1,211.95 off the 15-month high of 1,217.61 in intra-morning trade. Turnover was 421.4 million shares valued at RM575.22 million. There were 302 gainers, 200 losers and 238 stocks unchanged.

Japan's Nikkei 225 rose 1.07% to 10,326.82; Hong Kong's Hang Seng Index added 1.75% to 21,232.27 while Singapore's Straits Times Index advanced 1.28% to 2,672.29. Shanghai's Composite Index fell 1.69% to 2,982.57.

Among the commodities, crude palm oil third-month futures rose RM68 to RM2,158 but light crude oil fell 35 cents to US$70.61 while gold was at US$1,009.08 per ounce. The ringgit was at RM3.49 to the US dollar.

Proton rallied 23 sen to RM4.14, the highest since February last year on expectations of fresh corporate developments involving the government's stake in the national car maker. The shares rose the most since April this year.

The spillover from Proton also saw CCB adding 22 sen to RM3.41.

Halex, which made its debut on the Main Board, jumped 20 sen to 98 sen after a lacklustre opening. It was the second most active with 51.3 million shares done.

MISC added 20 sen to RM9.19 and MISC-F 13 sen to RM8.95. Mudajaya gained 19 sen to RM3.58, Wah Seong 14 sen to RM2.40 and IJM 12 sen to RM6.45 while CIMB resumed its upward trend, adding 12 sen to RM11.20.

KNM was the most active with 70.29 million shares done, adding three sen to 77.5 sen.

The share price and warrants of Kumpulan Jetson were off their early morning high after a query from Bursa Securities.

Jetson's share price rose two sen to RM1.95 with 2.63 million shares done at midday, off the earlier high of RM2.09. Its warrants added 4.5 sen to 98.5 sen with 6.8 million units done. It rose to a high of RM1.05 earlier.

TAHPS was the top loser, down 26 sen to RM2.88, Nestle 20 sen to RM33.60 while Wijaya-LA and GBH lost nine sen each to 30.5 sen and RM1.40.

MPHB fell five sen to RM1.90 in active trade after it took up an option to buy a block of 41.63% stake in loss-making U Mobile Sdn Bhd.

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