KUALA LUMPUR (Feb 8): Blue chips surged in early trade on Wednesday with the FBM KLCI surging to 1,550, propelled by gains in Sime Darby.
At 9.04am, it was up 12.15 point to 1,550.92. Turnover was 182.53 million shares valued at RM93.60 million. There were 273 gainers, 45 losers and 127 stocks unchanged.
Sime rose 31 sen to Rm9.77, BAT 30 sen to Rm50, KLK 22 sen to RM25.12 and Tradewinds 22 sen to RM10.44. PetDag added 14 sen to Rm18.50 and DiGi 13 sen to RM4.24.
Naim Indah Corp jumped 14.5 sen to 32.5 sen after its major shareholder, Crest Energy Sdn Bhd is said to be in discussions with various parties to dispose of the shares.
However, F&N fell 98 sen to RM16.62 after its 1Q earnings fell 61% to RM41.74 million RM107.08 million a year ago, due to the absence of contribution from the Coca-Cola business.
It said earnings were also impacted by the different timing in the accounting of operating losses in Thailand due to the severe floods last year and recovery under its business interruption insurance policy.
GENTING BHD [] fell 12 sen to RM10.88 and Genting Malaysia lost 8.0 sen to RM3.93 after a bill that would have ushered in the largest gambling expansion in Florida history was withdrawn by its legislative sponsor last Friday.
The bill, which proponents said could lead to 100,000 new jobs for the state, faced a probable defeat at its first stop - the House Business and Consumer Affairs Subcommittee, according to Reuters.
At 9.04am, it was up 12.15 point to 1,550.92. Turnover was 182.53 million shares valued at RM93.60 million. There were 273 gainers, 45 losers and 127 stocks unchanged.
Sime rose 31 sen to Rm9.77, BAT 30 sen to Rm50, KLK 22 sen to RM25.12 and Tradewinds 22 sen to RM10.44. PetDag added 14 sen to Rm18.50 and DiGi 13 sen to RM4.24.
Naim Indah Corp jumped 14.5 sen to 32.5 sen after its major shareholder, Crest Energy Sdn Bhd is said to be in discussions with various parties to dispose of the shares.
However, F&N fell 98 sen to RM16.62 after its 1Q earnings fell 61% to RM41.74 million RM107.08 million a year ago, due to the absence of contribution from the Coca-Cola business.
It said earnings were also impacted by the different timing in the accounting of operating losses in Thailand due to the severe floods last year and recovery under its business interruption insurance policy.
GENTING BHD [] fell 12 sen to RM10.88 and Genting Malaysia lost 8.0 sen to RM3.93 after a bill that would have ushered in the largest gambling expansion in Florida history was withdrawn by its legislative sponsor last Friday.
The bill, which proponents said could lead to 100,000 new jobs for the state, faced a probable defeat at its first stop - the House Business and Consumer Affairs Subcommittee, according to Reuters.
