Friday 29 Mar 2024
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KUALA LUMPUR (June 18): Shares in Hartalega Holdings Bhd and Malaysia Airports Holdings Bhd (MAHB) surge as much as 3.7% and 4.5% respectively in early trade, as investors reacted positively to their inclusion in the list of 30 component stocks of the benchmark FBM KLCI.

However, Dialog Group Bhd shares traded lower, dragged down by the fall in global oil prices ahead of a key Organization of the Petroleum Exporting Countries meeting in Vienna this week and as China and the US exchanged threats over trade. At 3.49pm, Dialog shares were down 6 sen or 1.8% at RM3.28, with 9.17 million shares done.

Bloomberg reported Brent futures for August settlement lost as much as 99 cents to US$72.45 a barrel on the London-based ICE Futures Europe exchange today. The contract dropped US$2.50 to US$73.44 on Friday. 

Hartalega, Dialog and MAHB edged out YTL Corp Bhd, AMMB Holdings Bhd and Astro Malaysia Holdings Bhd from the spot in the 30-stock FBM KLCI, following the semi-annual review on the index last month. The constituent changes take effect today.

At 3.44pm, Hartalega shares were up 5 sen or 0.84% at RM6.03, with 5.01 million shares done. It rose as much as 3.7% to hit an intraday high of RM6.20 in early trade.

At 3.47pm, MAHB shares were also up 7 sen or 0.79% at RM8.92, with 1.97 million shares traded. Its share price soared as much as 4.5% to reach an intraday high of RM9.25 in early trade.

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