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KUALA LUMPUR: UMW Oil & Gas Bhd’s share price advanced in active trade on rising optimism for the company as CIMB Equities Research initiated coverage with an Outperform call.
PETALING JAYA: Key blue chip stocks led by Malayan Banking Bhd and SapuraKencana Petroleum Bhd climbed yesterday on improved earnings outlook to lift the the FTSE Bursa Malaysia KL Composite Index (FBMKLCI) to a new high.
KUALA LUMPUR: Window dressing sent the FBM KLCI to its highest ever close on Monday, with the 30-stock index at 1,841.87 on local fund buying of banks, plantations and Petronas stocks.
KUALA LUMPUR: Malaysia’s blue chips climbed in thin trade on Monday, with the FBM KLCI eyeing the 1,840 level, underpinned mainly by strong local funds buying of Petronas stocks.
KUALA LUMPUR: TSH Resources Bhd’s share price surged to its all-time high of RM3.04 on Monday as analysts raised their target price for the plantations company which embarked on a RM150mil plantation purchase.
KUALA LUMPUR: Malaysia’s FBM KLCI advanced past the 1,830 level early Monday, reflecting the firmer market sentiment for blue chips in line with the key regional markets.
KUALA LUMPUR: Hwang DBS Vickers Resarch expects IOI Corp, Dayang Enterprise, Puncak Niaga, Kumpulan Perangsang Selangor (KPS) and Gamuda to see trading interest on Monday following the fresh newsflow.