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Blue chips lower in cautious trade, Leong Hup in focus

TheStar Thu, May 16, 2019 - 5 days ago


KUALA LUMPUR: Blue chips slipped in early Thursday trade ahead of the release of the first quarter GDP data at midday and outlook from Bank Negara while Leong Hup International was in focus on its trading debut on the Main Market.

At 9.11am, the FBM KLCI was down 1.22 points or 0.08% to 1,610.21. Turnover was 195.81 million shares valued at RM141.38mil. There were 141 gainers, 113 losers and 153 counters unchanged.

Reuters reported Asian shares steadied on news that US President Donald Trump is planning to delay tariffs on auto imports, providing much needed relief to markets hit by a flare-up in trade tensions and on weak US and Chinese economic data.

MSCI's broadest index of Asia-Pacific shares outside Japan was flat, with both Australia and South Korea little changed. Japan's Nikkei fell 0.6%, with banks hurt by weak earnings.

At Bursa, Leong Hup was actively traded with 84.59 million shares done. It rose six sen to RM1.16, off the early high of RM1.19.

Leong Hup is the largest integrated poultry, egg and livestock feed producers in South-East Asia.

Teo Seng Capital warrants fell 5.5 sen to 40 sen and its shares five sen lower at RM1.33. QL Resources shed four sen to RM6.66.

F&N was the top loser, down 34 sen to RM33.54 but Nestle rose 30 sen to RM145.90.

HLFG lost 14 sen to RM18.82, HL Bank 10 sen to RM19.30, Sime Plantation eight sen to RM4.61, Gamuda five sen to RM3.25 and Tenaga four sen lower at RM11.74.

Petronas Dagangan climbed 18 sen to RM24.58, Pentamaster 16 sen to RM4.36, KL Kepong 10 sen to RM24.50 while Genting Plantations added eight sen to RM10.38.
 
   
Reuters reported Asian shares steadied on news that US President Donald Trump is planning to delay tariffs on auto imports, providing much needed relief to markets hit by a flare-up in trade tensions and on weak US and Chinese economic data.

MSCI's broadest index of Asia-Pacific shares outside Japan was flat, with both Australia and South Korea little changed. Japan's Nikkei fell 0.6%, with banks hurt by weak earnings.

At Bursa, Leong Hup was actively traded with 84.59 million shares done. It rose six sen to RM1.16, off the early high of RM1.19.

Leong Hup is the largest integrated poultry, egg and livestock feed producers in South-East Asia.

Teo Seng Capital warrants fell 5.5 sen to 40 sen and its shares five sen lower at RM1.33. QL Resources shed four sen to RM6.66.

F&N was the top loser, down 34 sen to RM33.54 but Nestle rose 30 sen to RM145.90.

HLFG lost 14 sen to RM18.82, HL Bank 10 sen to RM19.30, Sime Plantation eight sen to RM4.61, Gamuda five sen to RM3.25 and Tenaga four sen lower at RM11.74.

Petronas Dagangan climbed 18 sen to RM24.58, Pentamaster 16 sen to RM4.36, KL Kepong 10 sen to RM24.50 while Genting Plantations added eight sen to RM10.38.
 








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