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PetGas, AmBank lead KLCI higher, Iris in focus
by Cals Mon 05 Aug 2013, 15:30
Published: Monday August 5, 2013 MYT 9:18:00 AM
Updated: Monday August 5, 2013 MYT 9:20:19 AM
PetGas, AmBank lead KLCI higher, Iris in focus
KUALA LUMPUR: Malaysia’s FBM KLCI advanced in early trade on Monday, supported by mild buying of Petronas Gas, AmBank and UMW while Iris Corp was in focus.
At 9.07am, the KLCI was up 3.15 points to 1,785.66. Turnover was 99.11 million shares valued at RM36.71mil. There were 110 gainers, 80 losers and 113 counters unchanged.
JF Apex Research said it expected the KLCI to remain lackluster for this week, trading sideways below 1,800 with thin volume transacted as investors stay away from the market in view of the upcoming Hari Raya holidays.
Petronas Gas rose 36 sen to RM21 with 200 shares done while BAT added 24 sen to RM63.24, UMW 16 sen to RM14.28 and AmBank 12 sen higher to RM7.93.
Iris rose three sen to 24 sen with 34.38 million shares done, its warrants Iris-WA added 2.5 sen to 12.5 sen and Iris-WB two sen to 13 sen.
Iris Corp Bhd has received an offer from Federal Land Development Authority (Felda) to subscribe for up to 394.1 million new ordinary shares, representing 25% of the issued and paid-up capital of Iris at 28 sen, thus raising some RM110.3mil.
HL Industries fell 18 sen to RM5.31, PPB Group 14 sen to RM14.70 and GAB 10 sen to RM18.10. MMHE shed four sen to RM4 and Kimlun three sen to RM2.05.
Updated: Monday August 5, 2013 MYT 9:20:19 AM
PetGas, AmBank lead KLCI higher, Iris in focus
KUALA LUMPUR: Malaysia’s FBM KLCI advanced in early trade on Monday, supported by mild buying of Petronas Gas, AmBank and UMW while Iris Corp was in focus.
At 9.07am, the KLCI was up 3.15 points to 1,785.66. Turnover was 99.11 million shares valued at RM36.71mil. There were 110 gainers, 80 losers and 113 counters unchanged.
JF Apex Research said it expected the KLCI to remain lackluster for this week, trading sideways below 1,800 with thin volume transacted as investors stay away from the market in view of the upcoming Hari Raya holidays.
Petronas Gas rose 36 sen to RM21 with 200 shares done while BAT added 24 sen to RM63.24, UMW 16 sen to RM14.28 and AmBank 12 sen higher to RM7.93.
Iris rose three sen to 24 sen with 34.38 million shares done, its warrants Iris-WA added 2.5 sen to 12.5 sen and Iris-WB two sen to 13 sen.
Iris Corp Bhd has received an offer from Federal Land Development Authority (Felda) to subscribe for up to 394.1 million new ordinary shares, representing 25% of the issued and paid-up capital of Iris at 28 sen, thus raising some RM110.3mil.
HL Industries fell 18 sen to RM5.31, PPB Group 14 sen to RM14.70 and GAB 10 sen to RM18.10. MMHE shed four sen to RM4 and Kimlun three sen to RM2.05.
Cals- Administrator
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Join date : 2011-09-08
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Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
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