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KLCI firmer in early trade, TM up
by hlk Mon 10 Sep 2012, 09:46
KUALA LUMPUR: Blue chips rose in early trade on Monday, extending
the mild gains recorded last Friday on mild buying of key stocks like
Telekom.
At 9.11am, the FBM KLCI was up 1.39 points to 1,625.94.
Turnover was 47.88 million shares valued at RM105mil. There were 108
gainers, 56 losers and 112 counters unchanged.
However, the
buying could be restrained after the losses from Wednesday and Thursday
and also due to the cautious regional markets ahead of the FOMC meeting
which starts on Wednesday.
Aeon Credit was the top gainer, up 44 sen to RM13.36 while Takaful added 27 sen to RM6.45, JTI edged up 15 sen to RM6.85. Heavyweight Telekom rose eight sen to RM6.08.
KPJ rose 11 sen to RM6.36 as RHB Research
keeps the stock its top pick for the healthcare sector as valuation
appears cheap at 21.8 times CY13 PER as compared to regional peers'
valuation of 27.7 times CY13 price-to-earnings ratio.
Low-key stock Shangri-La was the most active with 5.60 million shares done, unchanged at RM4.20.
Nestle fell themost, down 20 sen to RM62.80, HLFG six sen to RM11.86 and Tenaga four sen to RM6.76. Also down four sen each were Mudajaya and KLK to RM2.63 and RM22.26.
the mild gains recorded last Friday on mild buying of key stocks like
Telekom.
At 9.11am, the FBM KLCI was up 1.39 points to 1,625.94.
Turnover was 47.88 million shares valued at RM105mil. There were 108
gainers, 56 losers and 112 counters unchanged.
However, the
buying could be restrained after the losses from Wednesday and Thursday
and also due to the cautious regional markets ahead of the FOMC meeting
which starts on Wednesday.
Aeon Credit was the top gainer, up 44 sen to RM13.36 while Takaful added 27 sen to RM6.45, JTI edged up 15 sen to RM6.85. Heavyweight Telekom rose eight sen to RM6.08.
KPJ rose 11 sen to RM6.36 as RHB Research
keeps the stock its top pick for the healthcare sector as valuation
appears cheap at 21.8 times CY13 PER as compared to regional peers'
valuation of 27.7 times CY13 price-to-earnings ratio.
Low-key stock Shangri-La was the most active with 5.60 million shares done, unchanged at RM4.20.
Nestle fell themost, down 20 sen to RM62.80, HLFG six sen to RM11.86 and Tenaga four sen to RM6.76. Also down four sen each were Mudajaya and KLK to RM2.63 and RM22.26.
hlk- Moderator
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