Business News

Published: Friday March 8, 2013 MYT 12:00:00 AM
Updated: Thursday April 18, 2013 MYT 1:25:40 AM

KLCI holds steady amid profit taking

KUALA LUMPUR: Malaysia's blue chips gave up part of their early gains on Friday on some profit taking ahead of the weekend, with plantation heavyweights among the major decliners.

However, the broader market was steadier, with interest seen in penny stocks like Scomi Group while the FBM KLCI was propped up by BAT, Hong Leong Bank and MAHB.

At 10am, the KLCI was up 1.52 points to 1,652.45. Turnover was 162.77 million shares valued at RM164.33mil. There were 191 gainers, 114 losers and 209 counters unchanged.

Reuters reported overnight gains in US stocks underpinned Asian shares on Friday, but prices were capped ahead of key US jobs and Chinese trade figures due later in the session, while the dollar hovered near a 3-1/2-year high against the yen.

At Bursa Malaysia, BAT rose 38 sen to RM62.68, MAHB 13 sen to RM5.63 while HLBank gained 12 sen to RM14.44 and Takaful 11 sen higher at RM6.

UMCCA rose 10 sen to RM7.25 and Genting Plantations nine sen higher at RM8.99. However, United Plantations fell 38 sen to RM27, KL Kepong 10 sen to RM20.52 and IOI Corp five sen to RM4.89.

FACB Industries rallied 16 sen to RM1.21 with 1.28 million shares done, TN Logistics rose seven sen to RM2.27.

Scomi rose 2.5 sen to 35.5 sen with 15.41 million shares done. Its subsidiary secured a RM2.1bil contract from Petronas Carigali Sdn Bhd.

Hong Leong Capital fell 35 sen to RM3.25 on profit taking after the recent rally as Bursa Securities queried it over the sharp rise in the share price. HLFG lost 10 sen to RM14.54.

Tags / Keywords: News, Business, Malaysia's blue chips, profit taking, Scomi, plantations, Business

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