Felda Global in focus, KLCI at 1,600

KUALA LUMPUR: Felda Global Ventures (FGV) was in focus in early trade
on Thursday, surging to a high of RM5.46 while the broader market was
mixed.
At 9.32am, the FBM KLCI
was down 1.89 points to 1,600.00 on mild profit taking. Turnover was
243.92 million shares valued at RM683.31mil. There were 137 gainers, 123
losers and 188 stocks unchanged.
Bloomberg reported Asian stocks
rose a second day and oil gained after US economic data showed
resilience in the world's biggest economy before a European summit on
the debt crisis
At Bursa Malaysia, FGV was up 84 sen to RM5.39. There were 114.16 million shares done at prices ranging from RM5.36 to RM5.46.

[You must be registered and logged in to see this image.] Chairman
of Malaysia's Felda Global Ventures Holdings Bhd (FGV) Mohd Isa Abdul
Samad (2nd L) sttikes a traditional Malay gong as members of FGV's
management look on, marking the listing of the company's initial public
offering (IPO) in Kuala Lumpur June 28, 2012. Shares in Malaysian palm
oil firm Felda Global surged 20 percent in their trading debut on
Thursday, as investors cheered on the world's second largest IPO.
REUTERS Nestle was the top gainer, adding 88 sen to RM58.98 but with only 400 shares done. Panasonic Malaysia rose 22 sen to RM23.30, MISC 10 sen to RM4.52 while Affin added seven sen to RM3.37.
Among the decliners were Petronas Dagangan and Pharmaniaga, down 10 sen each to RM21.79 and RM9.90 while HLFG gave up eight sen to RM12.02.
F&N, Public Bank and IOI Corp shed four sen each to RM18.18, RM13.86 and RM5.16 respectively.