MALAYSIA'S Kuala Lumpur Composite Index (KLCI) fell 2.65, or 0.3 per cent, to close at 1,072.85.
Forty-eight stocks dropped and 31 rose on the 102-member measure. June index futures slid 0.9 per cent to 1,067
In the market, 2.1 billion shares changed hands, higher than the three-month daily average of 1.3 billion shares.
Unisem Bhd and Malaysian Pacific Industries Bhd, two of Malaysia’s biggest listed chipmakers, rose after OSK Research Sdn Bhd said industry sales will resume growing in 2010 as the global recession “bottoms out.”
Unisem jumped 7.5 per cent to RM1.29, the highest level since October 15. Malaysian Pacific added 2.9 per cent to RM5.40.
Their share prices have “factored in the drop in worldwide sales for 2009,” OSK said in a report today. Global chip sales started to rebound in February and the industry is “seeing some replenishment of inventory,” according to the report.
Dialog Group Bhd, a Malaysian oil and gas services provider, slid 3.2 per cent to RM1.20, the most since May 18. The company plans to develop a deepwater storage terminal at a cost of more than US$1 billion in Johor state.
Transmile Group Bhd advanced 8.9 per cent to RM1.35, the highest level since June 18, 2008. The Malaysian air-freight operator said it’s unaware of any reason for the recent surge in its shares.
It doesn’t know of any speculation or report concerning the company that may have contributed to the “unusual” market activity, Transmile said in a statement on June 5 after its shares jumped 34 per cent. - Bloomberg
Forty-eight stocks dropped and 31 rose on the 102-member measure. June index futures slid 0.9 per cent to 1,067
In the market, 2.1 billion shares changed hands, higher than the three-month daily average of 1.3 billion shares.
Unisem Bhd and Malaysian Pacific Industries Bhd, two of Malaysia’s biggest listed chipmakers, rose after OSK Research Sdn Bhd said industry sales will resume growing in 2010 as the global recession “bottoms out.”
Unisem jumped 7.5 per cent to RM1.29, the highest level since October 15. Malaysian Pacific added 2.9 per cent to RM5.40.
Their share prices have “factored in the drop in worldwide sales for 2009,” OSK said in a report today. Global chip sales started to rebound in February and the industry is “seeing some replenishment of inventory,” according to the report.
Dialog Group Bhd, a Malaysian oil and gas services provider, slid 3.2 per cent to RM1.20, the most since May 18. The company plans to develop a deepwater storage terminal at a cost of more than US$1 billion in Johor state.
Transmile Group Bhd advanced 8.9 per cent to RM1.35, the highest level since June 18, 2008. The Malaysian air-freight operator said it’s unaware of any reason for the recent surge in its shares.
It doesn’t know of any speculation or report concerning the company that may have contributed to the “unusual” market activity, Transmile said in a statement on June 5 after its shares jumped 34 per cent. - Bloomberg
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