Public Bank, Genting rebound to lead KLCI higher


  • Business
  • Thursday, 02 Apr 2015

KUALA LUMPUR: Fund nibbling of Public Bank and Genting Bhd helped the FBM KLCI stage a  mmild rebound on Thursday after the previous profit taking led by foreign funds.

At 10.15am, the FBM KLCI was up 4.44 points or 0.24% to 1,830.75. Turnover was 547.59 million shares valued at RM297.72mil. There were 259 gainers, 177 losers and 256 counters unchanged.

Asian shares edged up in early trade on Thursday, but gains were tempered by weak US private sector employment and manufacturing data that raised concerns ahead of Friday's key employment figures, Reuters reported.

On the outlook for Bursa Malaysia, BIMB Securities Research expects the market to remain negative due to lack of fresh catalysts with the index hovering around 1,820 to 1,825.

On Wednesday, foreign funds turned net sellers on Bursa Malaysia on Wednesday at RM62.7mil.

Public Bank rose 14 sen to RM18.94 while HLFG added 12 sen to RM16.94. However, RHB Cap lost five sen to RM7.96.

Genting and Petronas Dagangan added eight sen each to RM20.16 and RM8.88.

BAT rebounded RM1.14 to RM69 while Westports climbed eight sen to RM3.98.

Apex Healthcare fell the most, down 12 sen to RM3.78 while IHH Healthcare was down eight sen to RM5.90 on profit taking.

Among plantations, PPB Group fell four sen to RM15.44.

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