Tenaga rebound helps KLCI pares losses

TheStar Wed, Jun 12, 2019 05:29pm - 4 years View Original


KUALA LUMPUR: A rebound in Tenaga Nasional's share price helped the FBM KLCI recoup most of its early losses while fund buying was seen in Genting and IHH also.

At 5pm, the KLCI was down just 0.46 of a point or to 1,650.74, off the early low of 1,642. Turnover was thin at 1.76 billion shares valued at RM1.60bil. There were 317 gainers, 446 losers and 406 counters unchanged.

Key Asian markets were mostly in the red, with Hong Kong's  Hang Seng Index down 1.7% at the close, with local property developers among the biggest losers down. The currency soared as interbank interest rates jumped amid protests that closed roads in the city’s financial district.

However, HPMT closed below its offer price of 56 sen in active trade on its debut on the Main Market due to weaker broader market. It lost five sen to 51 sen.

Among the consumer stocks, Heineken lost 30 sen to RM23.54, BAT rose 30 sen to RM29.50, Ajinomoto 28 sen higher at RM17.68.

Tenaga, which fell to a low of RM12.20 in early trade and weighed on the KLCI, later saw some fund buying and enabled it to close six sen higher to RM12.54 and pushed the KLIC up 0.59 of a point.

IHH rose eight sen to RM5.68 and lifted the KLCI by 1.22 points, Genting rose seven sen to RM6.62, GentingM two sen to RM3.22 and MISC four sen higher at RM7.20.

Among the telcos, Maxis fell five sen to RM5.54 and erased 0.68 of a point, Digi shed one sen to RM4.89 but Axiata added one sen to RM4.71.Telekom, which was not in the KLCI list, jumped 13 sen to RM3.74.

Among the banks, RHB Bank fell eight sen to RM5.71, CIMB two sen to RM5.30, HL Bank six sen to RM18.92, AmBank shed one sen to RM4.45, Public Bank flat at RM23.48 and Maybank one sen higher at RM9.

The decline in oil price saw Petronas Chemicals shed four sen to RM8.33, Petronas Gas lost 12 sen to RM17.89 and Petronas Dagangan 10 sen to RM25.48 while Dialog was flat at RM3.28.
   

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

AJI 18.600
AMBANK 4.170
AXIATA 2.690
CDB 4.210
CIMB 6.550
DIALOG 2.250
GENTING 4.720
HPMT 0.325
MAXIS 3.370
MAYBANK 9.650
MISC 7.650
PBBANK 4.210
PETDAG 21.500
PETGAS 17.540
RHBBANK 5.640
TENAGA 11.240

Comments

Login to comment.