KUALA LUMPUR: Blue chips notched slim gains early Tuesday as some buying of KL Kepong and Genting Bhd
underpinned the FBM KLCI’s advance but the overall market was lacklustre.
At 9.26am, the FBM KLCI was up 0.26 of a point or 0.02% to 1,631.59. Turnover was 399.59 million shares valued at RM132.65mil. There were 146 gainers, 203 losers and 233 counters unchanged.
Asian stocks hovered below a nine-month peak after disappointing bank earnings dented Wall Street, though recent signs the global economy is likely to avoid a sharper downturn helped limit the losses, Reuters reported.
MSCI's broadest index of Asia-Pacific shares outside Japan stood little changed. The index had risen to its highest level since July. Japan's Nikkei nudged up 0.25%.
At Bursa, KL Kepong and Genting rose four sen each to RM25.04 and RM6.73.
Aeon Credit was the top gainer, up 18 sen to RM17.10 while HL Industries added 10 sen to RM10.60 and BIMB and Pavillion REIT four sen higher at RM4.54 and RM1.85.
Dutaland rose 3.5 sen and Kimlun three sen to RM1.28.
Allianz was the top loser, down 56 sen to RM13.64 while Petronas Dagangan fell 36 sen to RM24.70 and MPI 14 sen lower at RM9.66.
Prestariang extended its fall, down 3.5 sen to 49.5 sen in active trade.
CIMB Equities Research is retaining its reduce call for Prestariang after the unit filed a legal claim totalling RM732.8mil against the government for the loss of the SKIN concession project.
The research house retained its target price of 26 sen which was about half of Monday’s closing price of 53 sen.
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