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Home  >>   Daily News  >>   Malaysia News  >> Capital Markets  >>   KLCI up in early trade, Petronas stocks, banks up

NEWS UPDATES Asean Affairs   15 April 2013  

KLCI up in early trade, Petronas stocks, banks up

KUALA LUMPUR: Petronas-related companies and banks led the FBM KLCI marginally higher in early trade on Monday but key regional markets were cautious.

At 9.03am, the FMB KLCI was up 0.45 of a point to 1,698.98. Turnover was 22.06 million shares valued at RM10.59mil. There were 69 gainers, 47 losers and 85 counters unchanged.

Reuters reported Asian shares fell after global equities and commodities slumped late last week on weak U.S. growth and rekindled worries in the euro zone, turning investor sentiment cautious ahead of a batch of Chinese data due later in the day

At Bursa Malaysia, Hwang DBS Vickers Research said the KLCI, after gaining 71.6 points or 4.4% in three weeks, could pause for a breather ahead.

"On the downside, we have set the first two support levels at 1,680 and 1,655, respectively. Beyond the short-term consolidation, the key market barometer could be eyeing to challenge the resistance line of 1,720 again," it said.

BAT was the top gainer, rising RM1.28 to RM65.58 with just 300 shares done. PetGas added 14 sen to RM19.04 and PetDag 12 sen to RM23.58 in thin trade.

Among the banks, Hong Leong Bank rose six sen to RM14.50, Public Bank-foreign and RHB Capital six sen each to RM16.40 and RM8.58.

There was some mild profit taking on Carlsberg, down 16 sen to RM14.10 with just 300 shares done, Genting Malaysia fell six sen tp RM3.64 and Bumi Armada five sen to RM3.83.



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ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 

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