MALAYSIA'S benchmark Kuala Lumpur Composite Index rose 0.89, or 0.1 per cent, to close at 878.81.
Forty-one stocks climbed and 39 slid on the 100-member gauge. The measure has risen 0.2 percent this quarter, set for its first gain in five quarters.
In the market, 363 million shares changed hands, lower than the three-month daily average of 395 million shares. March index futures gained 0.9 per cent to 884.50.
The Industrial Index rose 18.91 points to close 2,125.62 and the Finance Index added 1.55 points to 6,540.63.
The Plantation Index, however, declined 27.00 points to 4,563.39.
The FBMEmas fell 4.28 points to 5,723.25, the FBM30 declined 8.23 points to 5,630.04, the FBM2BRD eased 13.49 points to 3,887.00 and the FBMMesdaq lost 12.16 points to 2,946.31.
Englotechs Holdings Bhd dropped 25 per cent to 1.5 sen, the lowest since it went public in August 2003. The Malaysian glove manufacturer said it has sought approval from note-holders of a RM50 million Islamic bond for more time to top up the balance in the financial service reserve account. The stock last traded at 2 sen on March 23, down 50 per cent.
Tenaga Nasional Bhd dropped 1.6 per cent to RM6.10, the most in a week, after RHB Research Institute Sdn Bhd lowered the stock’s target price to RM8.60 from RM9.
Electricity demand will shrink 3.5 per cent in fiscal 2009, RHB said in a report today, cutting its forecast for a 1.5 per cent contraction.
TM International Bhd, Malaysia’s state-controlled mobile-phone operator, slumped 12 per cent to RM2.29, the steepest drop since it was spun off from Telekom.
TM yesterday priced its rights offer shares at a 57 percent discount to the stock’s previous close.
TA Enterprise Bhd declined 2.4 per cent to 61.5 sen, the largest drop since March 10. The brokerage and property group said it had a quarterly loss because of provisions for bad debts and a writedown in the value of its investments.
The company reported a loss of RM25.6 million in the fiscal fourth quarter ended January 31, compared with a profit of RM38.4 million a year earlier, it said in a statement yesterday.
- Agencies
Forty-one stocks climbed and 39 slid on the 100-member gauge. The measure has risen 0.2 percent this quarter, set for its first gain in five quarters.
In the market, 363 million shares changed hands, lower than the three-month daily average of 395 million shares. March index futures gained 0.9 per cent to 884.50.
The Industrial Index rose 18.91 points to close 2,125.62 and the Finance Index added 1.55 points to 6,540.63.
The Plantation Index, however, declined 27.00 points to 4,563.39.
The FBMEmas fell 4.28 points to 5,723.25, the FBM30 declined 8.23 points to 5,630.04, the FBM2BRD eased 13.49 points to 3,887.00 and the FBMMesdaq lost 12.16 points to 2,946.31.
Englotechs Holdings Bhd dropped 25 per cent to 1.5 sen, the lowest since it went public in August 2003. The Malaysian glove manufacturer said it has sought approval from note-holders of a RM50 million Islamic bond for more time to top up the balance in the financial service reserve account. The stock last traded at 2 sen on March 23, down 50 per cent.
Tenaga Nasional Bhd dropped 1.6 per cent to RM6.10, the most in a week, after RHB Research Institute Sdn Bhd lowered the stock’s target price to RM8.60 from RM9.
Electricity demand will shrink 3.5 per cent in fiscal 2009, RHB said in a report today, cutting its forecast for a 1.5 per cent contraction.
TM International Bhd, Malaysia’s state-controlled mobile-phone operator, slumped 12 per cent to RM2.29, the steepest drop since it was spun off from Telekom.
TM yesterday priced its rights offer shares at a 57 percent discount to the stock’s previous close.
TA Enterprise Bhd declined 2.4 per cent to 61.5 sen, the largest drop since March 10. The brokerage and property group said it had a quarterly loss because of provisions for bad debts and a writedown in the value of its investments.
The company reported a loss of RM25.6 million in the fiscal fourth quarter ended January 31, compared with a profit of RM38.4 million a year earlier, it said in a statement yesterday.
- Agencies
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