Bumi Armada debut, fresh newsflow boost for local bourse

KUALA LUMPUR: Fresh corporate developments, as a well as a strong
Main Market debut by Bumi Armada Bhd lifted sentiments at Bursa Malaysia
on Thursday, July 21 and saw the FBM KLCI extending its gains.
Among the corporate news were CI Holdings Bhd selling its bottling
unit Permanis to Asahi Group for RM820 million and AirAsia’s entry into
Japan via a joint venture with All Nippon Airways.
The FBM KLCI rose 3.22 points to 1,565.81 at 5pm, with gains at select blue chips.
Gainers overtook losers by 386 to 321, while 349 counters traded
unchanged. Volume was 1.2 billion shares valued at RM2.63 billion.
Bumi Armada was both the gainer and most actively traded counter
today. The stock jumped RM1.11 to RM4.14 with 303.7 million shares done.
Hong Leong Bank rose 42 sen to RM13.70, Cypark 28 sen to RM2.08, BAT
26 sen to RM46.20, F&N 24 sen to RM19.60, PPB 20 sen to RM17.50, RHB
Capital 18 sen to RM9.18, AirAsia 17 sen to RM3.67 while DiGi and Dutch
Lady added 16 sen each to RM30 and RM19.16.
Decliners included United PLANTATION []s
that fell 30 sen to RM20.40, Sindora and MSM 16 sen each to RM2.74 and
RM5.42, Malpac 15 sen to RM1.38, Petronas Dagangan 12 sen to RM18.08
while Tan Chong, GAB and Toyo Ink fell eight sen each to RM4.80, RM10.42
and RM1.42 respectively.
The actives included Ingenuity Solutions, Flonic, Hubline, Petronas Chemicals, Kencana and CIMB.
Regional markets, meanwhile were mixed with Singapore’s Straits Times
Index up 0.38% to 3,138.51, Taiwan’s Taiex up 0.13% to 8,717.14 while
Japan’s Nikkei 225 edged up 0.04% to 10,010.39.
Meanwhile, South Korea’s Kospi fell 0.46% to 2,145.04, Hong Kong’s
Hang Seng Index slipped 0.07% to 21,987.29 and the Shanghai Composite
Index shed 0.01% to 2,765.89.