KLCI ekes out slight gains, Petronas stocks, Tenaga advance


KUALA LUMPUR: Blue chips eked out slight gains on Wednesday, underpinned by Petronas-linked stocks, Tenaga Nasional and selected bank stocks but the broader market was slightly weaker due to the fresh record high Covid-19 infections.

At 5pm, the KLCI was up 0.79 of a point or 0.05% to 1,515.39. Turnover was 3.65 billion shares valued at RM2.16bil. There were 411 gainers, 509 losers and 459 counters unchanged.

There were 17,405 new Covid cases as at noon on Wednesday, raising the total number in the country to 1,061,476 since the outbreak early last year. Selangor accounted for 7,171 cases and Kuala Lumpur 2,880 cases.

Reuters reported Shanghai shares fell on Wednesday but trimmed earlier losses in volatile trade as Chinese state-run media called for calm following a wild rout triggered by investors' concerns about tightening government regulation.

The Shanghai Composite Index fell as much as 2% before ending the day down 0.6%, its lowest close since March 10. The blue-chip CSI300 index clawed back from losses to end up 0.2%, but was still down about 6.5% for the week.

In Hong Kong, the benchmark Hang Seng Index shook off losses to rise more than 1% in afternoon trade after plunging to an eight-month closing low a day earlier. The Hang Seng China Enterprises Index was up nearly 2%.

At Bursa, ChinaETF-MYR closed 42 sen higher at RM7.21. It had earlier fallen to a low of RM6.70, impacted by the volatile China markets, before some buying support emerged in late trade.

Value Partners Group Ltd successfully listed the VP-DJ Shariah China A-Shares 100 ETF, the world’s first A-share exchange traded fund (ETF), on Bursa Malaysia. It ended two sen higher at RM2.02. It was trading at RM1.98 most of the day before late buying emerged to emnabke it to close higher.

Ihsan Sukuk-ETBS was the top gainer, up 50 sen to RM102.50.

Petronas Dagangan rose 24 sen to RM18.50, Petronas Gas eight sen to RM15.70 and Petronas Chemicals four sen to RM7.99.

HLFG added 18 sen to RM17.48, RHB Bank eight sen to RM5.18, Maybank four sen to RM8.04. Public Bank flat at RM4.01 while HL Bank shed four sen to rm18.18.

As for telcos, Digi added six sen to RM4.24 and Maxis three sen to RM4.32.

Tenaga added five sen to RM9.78 but Press Metal shed six sen to RM4.84 and down three sen each were Genting and GentingM to RM4.81 and RM2.80.

Among the glove makers, Hartalega rose four sen to RM7.34 but Top Glove was flat at RM4.

As for plantations, KL Kepong fell 26 sen to RM19.14, IOI Corp three sen to RM3.69 while Sime Plantation lost two sen to RM3.56..

Genetec fell the most, skidding 98 sen to RM19.42 as investors took profit after the previous day’s rally. On Tuesday, the company had a RM1.03bil market capitalisation after the share price jumped RM1.68 to RM20.40.

Vitrox lost 40 sen to RM18.56, MPI 28 sen to RM41.62 and Globetronics 15 sen lower to RM2.12.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

   

Next In Business News

CPO futures expected to trend lower on profit-taking next week
Britain looking at temporary measures to alleviate trucker shortage
'Loss and pain': Families testify at Dutch MH17 trial
Oil hits highest in almost 3 years as supply tightens
GLOBAL MARKETS-S&P 500 edges up, European shares slump amid Evergrande fears, US yields rise
Banking on wealth management
Short Position - Opcom, La Nina, Taxing
Going for growth
Sapura Energy in race against time
Ge-Shen hopeful of growth amid challenges

Stories You'll Enjoy


Vouchers