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KUALA LUMPUR: Public bank and selected glove stocks helped FBM KLCI make meager profits early Friday, while counters related to semiconductors and technology were mostly higher
At 9.15am, the FBM KLCI was up just 0.31 points or 0.02% to 1,499.11. The turnover was 510.71 million shares valued at RM308.56 thousand. There were 302 winners, 205 losers, and 330 unchanged counters.
US equity futures were flat and benchmark Treasury yields held near their highest since June as traders focused on the final presidential debate and lawmakers in Washington continued to haggle over a bill. of expenses law. Asian stocks were mixed, Bloomberg reported.
Japan’s Topix index fell 0.2% and South Korea’s Kospi fell 0.2% while Australia’s S & P / ASX 200 index fell 0.3%.
In Bursa, Public Bank gained 12 sen to RM15.68 and gave the KLCI a slight boost. AmBank lost six sen to RM2.95 while Aeon Credit
lost 19 sen at RM9.95.
They also added Supermax gains, up to 15 sen at RM9.62 and Hartalega 14 sen to RM17.94 while Careplus advanced seven sen to RM3.97.
Vitrox’s strong 3Q earnings saw the share price rise 46 sen to RM14.40 while JFTech added 16 sen to RM4.73 and UWC 13 sen to RM6.93 but MPI lost 18 sen to RM20.42 in the profit taking.
North American-based semiconductor equipment manufacturers posted strong global turnover in September, reflecting demand for semiconductors.
The semiconductor equipment manufacturers industry reported that turnover increased to US $ 2.75 billion in September, an increase of 3.6% month-on-month and an increase of 40.3% year-on-year.
As for consumer stocks, Nestlé fell RM1.80 to RM14,270 with just 300 shares made, giving up some of the late gains from the previous day. Carlsberg lost 36 sen to RM19.80 but BAT rallied 18 sen to RM9.98.
Among plantations, PPB Group fell 32 sen to RM18.78 and Genting Plantations 28 sen to RM10.
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