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KUALA LUMPUR: Public Bank supported FBM KLCI’s strong close on Wednesday as investors applauded its historic four bonus shares for every share they held.
Hong Leong Bank, HLFG, Maybank and CIMB also closed on a firmer note.
At 5 p.m., the KLCI was up 14.83 points, or 0.91%, to 1,646.53. The turnover was 11.87 billion shares valued at RM6.68bil. The market in general was cautious as declines beat those that advanced 743 to 524, while 433 meters did not change.
Public Bank raised RM1.40 to RM19.86 and added 8.44 points to the KLCI; Maybank advanced 14 sen to RM8.38 and pushed the index up 2.44 points.
Hong Leong Bank rose 66 sen to RM18.88 and added 2.22 points, while CIMB gained 12 sen to RM4.05 and added 1.85 points. HLFG rose 40 sen to RM17.60.
Among glove makers, Top Glove lost 25 sen to RM6.84 and erased 3.18 points despite posting a set of solid gains and declared a dividend of 16.5 sen per share.
The world’s largest glove maker said its profit reached 2.4 billion ringgit, a 20-fold increase from the previous year and even doubled from the previous quarter.
Hartalega
It was flat at RM14.66. Supermax was the main loser, 50 sen down to $ 7.75 while Kossan lost 18 sen to $ 5.82.
Energy stocks were mixed even though US light oil gained 51 cents at $ 46.11 and Brent 51 cents also at $ 49.35.
Dialog lost three sen to RM3.57 and Petronas Gas fell 28 sen to RM17.34. However, Petronas Dagangan added four sen to RM20.70 and Petronas Chemicals seven sen higher to RM7.67.
Regarding plantation stocks, Sime Darby Plantation It lost one sen to RM5.03, IOI Corp lost five sen to RM4.45, KLK lost four sen to RM23.70 but PPB Group was up 10 sen to RM18.78.
FGV fell five sen to RM1.22 as investors were not enthusiastic about FELDA’s plan to go private by offering RM1.30 per share.
Energy giant Tenaga Nasional fell 12 sen to RM10.64, erasing 1.06 points and MISC 13 sen lower to RM7.01.
AirAsia X it rose 1.5 sen to 8.5 and was the most active with 1.07 billion shares carried out. However, AirAsia The group lost 0.5 sen to 87.5 sen with 204.81 million shares.
Key Asian markets also closed higher with Japan’s Nikkei 225 rising 1.33%, Hong Kong’s Hang Seng Index added 0.75% and Singapore’s Straits Times Index 0.62%. The Shanghai Composite Index fell 1.12%.
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