CCB jumps, BCHB, Sime up
Tags: BCHB | CCB | Handal | Sime Darby
Written by Joseph Chin
Friday, 31 July 2009 10:28
KUALA LUMPUR: Asian markets rallied in early trade on July, with BCHB and Sime Darby among the major gainers, as investors' sentiment was given a boost on expectations of a RM10 billion unit trust fund to be launched on July 31.
At 10am, the FBM KLCI rose 11.96 points to 1,172.62. Turnover was 276.15 million shares valued at RM237.99 million. There were 355 gainers, 73 losers while 154 counters were unchanged.
Asian markets also rose with Japan's Nikkei 225 up 1.4% to 10,307.49, Hong Kong's Hang Seng Index 1.54% higher at 20,546.07, Singapore's Straits Times Index added 0.72% to 2,655.12 while Shanghai's Composite Index advanced 1.19% to 3,361.09.
Light crude oil fell 14 cents to US$66.80.
Singapore's Straits Times was reported saying Malaysia could launch a new RM10 billion unit trust fund as early as today which might boost equities, market players say.
Prime Minister Datuk Seri Najib Razak announced the establishment of the Amanah Saham 1 Malaysia (AS 1 Malaysia) fund consisting of 10 billion units on July 11 on the occasion of his 100th day in office.
CCB surged 78 sen to RM3.44 with 120,800 shares done after declaring a special dividend of RM1.20 per share amounting to nearly RM91 million.
BCHB added 40 sen to RM10.70, Kulim 25 sen to RM7.45, PPB 20 sen to RM14.40 while Sime Darby added 15 sen to RM8.15.
Handal, which was listed yesterday, extended its gains, rising 18 sen to RM1.34 with 11.2 million shares done.
KNM was the most active with 29 million shares done, up two sen to 89.5 sen.
Lafarge fell five sen to RM5.95, YTL and NSTP also declined five sen each to RM7.10 and RM1.52 and MAS four sen lower to RM3.10.
schaun mer mal