NST Online Business Times : latest
NST Online Business Times : latest |
| KL shares higher in early trade Posted: 03 Aug 2011 07:06 PM PDT Bursa Malaysia was higher in early trade, recovering from yesterday's losses, following the rebound in overnight US stocks on speculation that the Federal Reserve will embark on another stimulus programme to spur the flagging American economy. As at 9.15 am, the benchmark FBM KLCI was 3.51 points higher at 1,548.61 after opening 1.77 points better at 1,546.87. The Finance Index rose 27.87 points to 14,721.14, the Industrial Index increased 12.55 points to 2,826.68 and the Plantation Index gained 19.59 points to 7,754.96. The FBM Emas Index increased 28.21 points to 10,693.89, the FBM Ace Index added 34 points to 4,226.29 and the FBM Mid 70 Index advanced 48.89 points to 11,875.29.
Actives, Sanichi Technology and Advance Information Marketing both gained one sen each to 10.5 sen and 8.5 sen, respectively, Smartag Solutions added four sen to 31.5 sen and Malaysia Building Society rose six sen to RM1.74. Heavyweights, Maybank and CIMB were each two sen higher at RM8.83 and RM8.39, respectively, while Sime Darby increased eight sen to RM9.15 and Petronas Chemicals perked three sen to RM6.82. -- Bernama |
| Malaysia Building's fair value raised Posted: 03 Aug 2011 06:19 PM PDT Malaysia Building Society Bhd rose to a three-month high after OSK Research Sdn Bhd increased the stock's fair value to RM2.60 from RM2.06. The shares climbed 4.2 per cent to RM1.75 at 9:11 a.m. local time in Kuala Lumpur trading, set for their highest close since May 3.
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