AmBank up on KLCI inclusion, KLCC falls on exit

KUALA LUMPUR: AmBank rose on Friday on news about its inclusion into the 30-stock FBM KLCI on Dec 24 but KLCC Prop & REITS – Stapled Securities fell on its impending exit.

At 9.37am, the KLCI was nearly flat, easing 0.4 of a point to 1,682.94. Turnover was 461.52 million shares valued at RM145.30mil. There were 203 gainers, 167 losers and 179 counters unchanged.

AmBank rose 12 sen to RM4.42 but KLCC lost nine sen to RM7.73.

As part  of the rebalancing of the KLCI stocks, Top Glove will be included into the list while Telekom will be dropped.

Litrak was among the top losers, down 14 sen to RM3.91, ABM Fujiya tumbled 10.5 sen to 38.5 sen, DKLS 10 sen to RM1.70 while Padini was down nine sen to RM3.87 andGas Malaysia seven sen to RM2.80.

Tenaga and Petronas Gas lost eight sen each to RM13.68 and RM19.02.

MyEG lost five sen to RM1.10 in active trade.

Consumer stocks rebounded led by Nestle, up RM1.90 to RM146.90, Carlsberg 36 sen to RM19.60, Ajinomoto 18 sen to RM18.98 and Heineken 12 sen to RM20.10 in razor thin trade.

MPI climbed 22 sen to RM10.82, HFLG 14 sen to RM19.54 and HL Industries 12 sen to RM9.06.

Corporate News , Markets