Bursa Alert
Global Market
NewsGas Malaysia, Spain rescue plan power up blue chips
Page 1 of 1
Gas Malaysia, Spain rescue plan power up blue chips
by hlk Mon 11 Jun 2012, 10:18
KUALA LUMPUR: The listing of Gas Malaysia and the 100bil euros fund support for Spain helped power blue chips higher in early trade on Monday.
At 9.12am, the FBM KLCI was up 8.63 points to 1,579.25. Turnover was 67.41 million shares valued at RM124.32mil. There were 139 gainers, 37 losers and 79 stocks unchanged.
Hwang DBS Vickers Research said the better external sentiment was expected to lift stocks on Bursa Malaysia.
"On the chart, the benchmark FBM KLCI could rise towards the immediate resistance threshold of 1,580 ahead," it added.
Over the weekend, the euro zone granted Spain access to a 100bil euros to shore up its banking system.
Gas Malaysia, which made its debut on the Main Board, rose 28 sen to RM2.48. There were 37.70 million shares done.
BAT added 18 sen to RM56.18, Petronas Dagangan 24 sen to RM20.98 and Petronas Gas 18 sen to RM17.98 while HL Bank and HLFG rose 12 sen each to RM12.40 and RM11.90 and Genting edged up 10 sen to RM9.66.
At 9.12am, the FBM KLCI was up 8.63 points to 1,579.25. Turnover was 67.41 million shares valued at RM124.32mil. There were 139 gainers, 37 losers and 79 stocks unchanged.
Hwang DBS Vickers Research said the better external sentiment was expected to lift stocks on Bursa Malaysia.
"On the chart, the benchmark FBM KLCI could rise towards the immediate resistance threshold of 1,580 ahead," it added.
Over the weekend, the euro zone granted Spain access to a 100bil euros to shore up its banking system.
Gas Malaysia, which made its debut on the Main Board, rose 28 sen to RM2.48. There were 37.70 million shares done.
BAT added 18 sen to RM56.18, Petronas Dagangan 24 sen to RM20.98 and Petronas Gas 18 sen to RM17.98 while HL Bank and HLFG rose 12 sen each to RM12.40 and RM11.90 and Genting edged up 10 sen to RM9.66.
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Japan's jitters weigh on Malaysia' blue chips (Update)
» TM nudges Malaysia’s blue chips higher in early trade
» Malaysia's blue chips fall more than 6pts in early trade
» Highlight Investors harbour doubts over Malaysia's stock market rescue plan
» Palm gains on Spain bank rescue; data in focus
» TM nudges Malaysia’s blue chips higher in early trade
» Malaysia's blue chips fall more than 6pts in early trade
» Highlight Investors harbour doubts over Malaysia's stock market rescue plan
» Palm gains on Spain bank rescue; data in focus
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum