DKSH expands collaboration with Germany-based Henkel

KUALA LUMPUR (April 26); DKSH Holdings Bhd is expanding its collaboration with Germany-based Henkel to provide sales, distribution, and logistics services to the latter in the South East Asia market.

Henkel is known for its cosmetics brands such as Schwarzkopf, Fa, Taft, and Igora as well as consumer and industrial businesses with well-known brands such as Persil, Schwarzkopf, and Loctite

In a statement Thursday, DKSH said that for many years, it had provided Henkel with market expansion solutions in Thailand, Hong Kong, and Vietnam.

“Building on the successful collaboration between both companies, DKSH and Henkel initiated discussions and have decided to extend the existing partnership to Malaysia,” it said.

DKSH said it would support Henkel for the launch of Henkel’s wellknown brands of Schwarzkopf Extra Care, Freshlight, Palette, and got2b across all sales channels and territories in Malaysia.

DKSH global head for business unit consumer goods Somboon Prasitjutrakul said the company’s partnership with Henkel was an excellent example of how we leverage our extensive network in Asia to provide our clients with solutions across multiple countries.

“In addition, we are pleased to leverage our comprehensive portfolio of integrated services along the entire value chain to support Henkel to further grow its business in Asia,” said Somboon.

Meanwhile, DKSH executive director for consumer goods Lian Teng Hai said the extension of the partnership to Malaysia would enrich the range of products for DKSH’s customers, and at the same time the consumers will benefit from improved access to these products.

“We are looking to a long and successful cooperation with Henkel in Malaysia as well,” said Lian.



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DKSH inks deal with Indonesian outfit Kino Care MES

KUALA LUMPUR (April 3): DKSH’s Business Segment Fast Moving Consumer Goods, a market expansion services (MES) provider, has inked an agreement with Kino Care (M) Sdn Bhd to help in the latter in its expansion by supporting sales, logistics, and distributions services for their personal care brands of Eskulin, B&B Kids, and Master Kids.

In a statement April 3, DKSH Holdings (Malaysia) Bhd said the collaboration, which this month would cover all territories and sales channels in Malaysia.

DKSH said Indonesian outfit Kino Care was originally established as a beverage, candy, and personal care products manufacturer but had expanded into Malaysia.

Kino Care appointment of DKSH as a partner was due to its comprehensive portfolio of integrated and tailor-made services, longstanding reputation, as well as extensive network of relationships in the personal care market.

DKSH’s Malaysia Executive Director of Business Unit Consumer Goods, Lian Teng Hai the company had a strong customer base in Malaysia and was confident that the local business partners would be excited about the opportunity to have access to Kino Care's high-quality products.

“In addition, this partnership will further strengthen DKSH’s leadership position in the Personal Care market and we look forward to a long and successful partnership with Kino Care in Malaysia,” he said.



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KLCI pares down losses at mid-day, broader market stays weak

KUALA LUMPUR (Feb 3): The FBM KLCI pared down some its losses at the mid-day break on Friday, in line with the limited losses at key regional markets.

The FBM KLCI was down 0.24 of a point to 1,536.85 at the mid-day break.

The broader market was weaker with losers leading gainers by 449 to 298, while 335 counters traded unchanged. Volume was 1.32 billion shares valued at RM1.03 billion.

The ringgit weakened 0.13% to 3.0224 versus the US dollar; crude palm oil futures for the third month delivery was flat at RM3,050 per tonne, crude oil added 14 cents a barrel to US$96.50 while gold fell US$3.20 an ounce to US$1,756.27.

Hong Kong and China shares were weaker at midday in thin Friday trade, but losses on the benchmark indexes were limited by chart support levels with investors cautious ahead of fresh U.S. employment data later in the day, according to Reuters.

At the regional markets, Japan’s Nikkei 225 was down 0.14% to 8,864.48, Hong Kong’s Hang Seng Index shed 0.10% to 20,719.20, the Shanghai Composite Index was down 0.07% to 2,310.87, South Korea’s Kospi fell 0.87% to 1,966.95, while Singapore’s Straits Times Index rose 0.80% to 2,924.35 and Taiwan’s Taiex added 0.16% to 7,664.83.

On Bursa Malaysia, KLK fell 56 sen to RM25.04, Dutch Lady was down 36 sen to RM25.24, DKSH 20 sen to RM1.91, SapuraCrest and Genting shed 18 sen each to RM5 and RM10.98, F&N 16 sen to RM17.66, PPB 12 sen to RM17.08, Kamdar 10.5 sen to 37.5 sen, Toyo Ink nine sen to RM1.60 an d APM eight sen to RM4.50.

Gainers this morning included United PLANTATION []s, Tradewinds, MalPac, GAB, TDM, Sime Darby, BLD Plantations, Delloyd, BAT and Petronas Gas, while the actives included Nicorp, Mah Sing, JCY, DBE Gurney, Compugates, DRB-Hicom and Maxbiz.



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DKSH slides after denying buyout bid news

DKSH Holdings (Malaysia) Bhd, a distributor of pharmaceutical and chemical products, slid 9 percent to RM1.92 in Kuala Lumpur trading at 9.42am, bound for its steepest drop since May 4.

The company denied reports of buyout offer after checking with its directors and major shareholder, according to a stock exchange filing. -- Bloomberg



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FBM KLCI remains in negative territory at mid-morning

KUALA LUMPUR (Feb 3): The FBM KLCI remained in negative territory at mid-morning on Friday as losses at select blue chips on mild profit taking ahead of the extended weekend weighed on the index.

At 10am, the FBM KLCI fell 4.69 points to 1,532.40, weighed by losses including at Petronas Dagangan, KLK, Genting and Hong Leong Bank.

Losers led gainers by 337 to 175, while 285 counters traded unchanged. Volume was 583.87 million shares valued at RM349.53 million.

Asian shares and major currencies were stuck in ranges on Friday ahead of key U.S. jobs data, which will offer more clues over the state of the world's largest economy, while Greek debt restructuring talks dragged on, according to Reuters.

At the regional markets, Japan’s Nikkei shed 0.33% to 8,847.50, Hong Kong’s Hang Seng Index was down 0.18% to 20,703.00, the Shanghai Composite Index fell 0.30% to 2,305.53 and South Korea’s Kospi lost 0.76% to 1,969.27.

Meanwhile, Singapore’s Straits Times Index gained 0.53% to 2,916.32 and Taiwan’s Taiex added 0.02% to 7,654.22.

BIMB Securities Research in a note Friday said stocks ended mixed in Wall Street yesterday following drop in jobless claims and mixed earnings results.

The Dow Jones Industrial Average closed 0.09% lower while S&P 500 rose 0.11% and Nasdaq was higher by 0.4%, it said.

The good news in US also sent good sentiment in Europe as major European markets ended higher, it said, adding that the better than expected PMI in China also boosted major regional indices.

Back home, the FBM KLCI broke two resistance level at 1,530 and 1,535 to close at 1,537, it said.

“We may expect some profit taking activities today given the mixed results in US; and the local market may face a little uncertainty due to the long weekend.

“We shall see immediate support at 1,530 followed by 1,520 while resistance at 1,540 and 1,545,” it said.

On Bursa Malaysia, Petronas Dagangan fell 34 sen to RM18, KLK down 26 sen to RM25.34, PPB and DKSH lost 18 sen each to RM17.02 and RM1.93, Malayan Flour Mills 14 sen to RM4.51, Genting and SapuraCrest 10 sen each to RM11.06 and RM5.08, Hong Leong Bank eight sen to RM11.36 while Nadayu and AMMB fell six sen each to RM1.04 and RM5.82.

Gainers included BAT, Kretam, Ta Ann, Jaya Tiasa, TDM, BLD PLANTATION []s, Tradewinds, JCY, Shell and Gamuda, while the actives included Mah Sing, DBE Gurney, Mazbiz, JCY and DRB-Hicom.



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KLCI ends year of the Rabbit on a positive note

KUALA LUMPUR (Jan 20): The FBM KLCI closed higher on the final trading day of the Rabbit lunar year, in line with the positive close at key regional markets.

However, the for European stocks and the euro ran out of steam on Friday, with markets focused on debt talks between Greece and its private creditors that may prove the trigger for the next leg of the euro zone's debt crisis, according to Reuters.

The FBM KLCI closed 5.85 points higher at 1,522.66. Year-to-date, the index was up 1.34%.

Gainers beat losers by 512 to 249, while 301 counters traded unchanged. Volume was 1.65 billion shares valued at RM1.49 billion.

At the regional markets, Japan’s Nikkei rose 1.47% to 8,766.36, South Korea’s Kospi added 1.82% to 1,949.89, the Shanghai Composite Index up 1% to 2,319.12, Hong Kong’s Hang Seng Index gained 0.84% to 20,110.37 and Singapore’s Straits Times Index rose 1.36% to 2,849.38.

On Bursa Malaysia, KLK rose 70 sen to RM25.48, Hong Leong Industries up 24 sen to RM4.27, BLD PLANTATION []s and UMW 20 sen each to RM8.15 and RM7.10, Genting 16 sen to RM10.98, while Genting Plantations, TDM, Lafarge Malayan Cement, MPI and DKSH added 13 sen each to RM9.28, RM4.10, RM6.86, RM3.28 and RM1.98 respectively.

DBE Gurney was the most actively traded counter after it confirmed that it was in talks with a shareholder of CI Holding Bhd which includes a private placement exercise.

The stock fell half one sen to 12.5 sen with 169.3 million shares done, while its warrants fell half a sen to 7 sen with 57.7 million units done.

Other actives included TMS, Compugates, DVM, Flonic, Tiger Synergy and Utopia.

Decliners included BAT, Supermax, Bintulu Port, A-Rank, JT International, Shell, Atlan, KrisAssets and Harvest Court.



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KLCI ends year with a bang, posts YTD gain of 0.78%

KUALA LUMPUR (Dec 30): The FBM KLCI ended a volatile 2011 on a high note, as late buying into banking and key blue chips saw the index reversing its earlier losses to register a 0.78% year-to-date gain.

Regional markets, with the exception of Indonesia and the Philippines ended their year in losses, as lingering concerns over the eurozone debt crisis and heightened worries about the global economy kept investors on the sidelines.

The FBM KLCI jumped 1.6% or 24.04 points to close at 1,530.73. However, this is still ways off its all-time high of 1,597.08 on July 11 this year.

Gainers led losers by 468 to 327, while 336 counters traded unchanged. Volume was 1.33 billion shares valued at RM1.53 billion.

At the regional markets, the Shanghai Composite Index rose 1.19% to 2,199.42, Japan’s Nikkei 225 increased 0.67% to 8,455.35, Hong Kong’s Hang Seng Index added 0.20% to 18,434.39, while Taiwan’s Taiex fell 2.74% to 7,072.08 and Singapore’s Straits Times Index lost 0.99% to 2,646.35.

On Bursa Malaysia, Petronas Dagangan rose 50 sen to RM17.80, BAT 32 sen to RM49.92, JT International added 24 sen to RM7.39, Nestle and Sime Darby added 20 sen each to RM56.20 and RM9.20.

Among the banking stocks, CIMB jumped 28 sen to RM7.44, Maybank 26 sen to RM8.58, Public Bank 20 sen to RM13.38, RHB Capital 18 sen to RM7.48, HLFG 10 sen to RM11.66 and Hong Leong Bank up two sen to RM10.90.

Decliners included AIC that fell 15 sen to RM1.15, DKSH and Wah Seong down nine sen each to RM1.56 and RM2.07, Paragon and Esso eight sen each to 24 sen and RM3.54, while Tan Chong lost seven sen to RM4.08.

The actives included Utopia, Mulpha, KFCH, Wijaya, Coastal, Mah Sing and Sanichi.



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KLCI stays firmly above 1,510-level at mid-day

KUALA LUMPUR (Dec 30): The FBM KLCI stayed firmly above the 1,510-point level at the mid-day break on Friday, as global markets mostly pushed towards ending the year on a positive note.

At the mid-day break, the FBM KLCI rose 7.23 points to 1,513.92.

Gainers led losers by 337 to 254, while 333 counters traded unchanged. Volume was 572.05 million shares valued at RM483.97 million.

The ringgit strengthened 0.02pct to 3.1772 versus the US dollar; crude palm oil futures for the third month delivery gained RM13 per tonne to RM3,168, crude oil was up 12 cents to US$99.77 while gold added US$8.28 an ounce to US$1,554.25.

Meanwhile, Asian stocks nudged higher and the euro clung to overnight gains on Friday, the last trading day of 2011, as positive data from the United States helped allay concerns on the global economy, while year-end short covering lifted crude prices, according to Reuters.

Still, the region's stocks have collectively lost about a fifth of their value this year, as natural calamities and financial turmoil took a toll on the risk appetite of investors, driving them to safer assets such as the US dollar and gold.

At the regional markets, Japan’s Nikkei 225 rose 0.42% to 8,434.55, Hong Kong’s Hang Seng Index gained 0.41% to 18,472.76, the Shanghai Composite Index was up 0.82% to 2,191.46, while Singapore’s Straits Times Index fell 0.25% to 2,666.17 and Taiwan’s Taiex shed 0.09% to 7,068.56.

On Bursa Malaysia, gainers were led by BAT that rose 28 sen to RM49.88, Lipo Corp 14.5 sen to RM1.13, IJM Corp 13 sen to RM5.67, Faber and IOI Corp 12 sen each to RM1.74 and RM5.40, Milux 11 sen to RM1.26, LPI Capital up 10 sen to RM13.60, while Aeon and AIRB added nine sen each to RM7.30 and RM1.65.

Among the decliners, Nestle fell 50 sen to RM55.50, SHH 15 sen to 25 sen, Sunchirin nine sen to RM1.36, Hunza PROPERTIES [], Theta and DKSH lost seven sen each to RM1.42, 50 sen and RM1.58 respectively.

Mulpha was the most actively traded counter with 32.66 million shares done. The stock added one sen to 39.5 sen.

Other actives included Utopia, Sanichi, TMS, Cybertowers and LFE Corp.



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KLCI stays in the red at mid-day, struggles to breach 1,500-level

KUALA LUMPUR (Dec 28): Asian stocks retreated on Wednesday as investor sentiment remained weighed by the looming euro zone debt crisis, while a survey showed that confidence among South Korea's largest companies fell to its lowest in four months in January.

The FBM KLCI was down 2.32 points to 1,498.59 at the mid-day break, weighed by select blue chips.

Gainers trailed losers by 227 to 316, while 278 counters traded unchanged. Volume was 558.51 million shares valued at RM332.21 million.

The ringgit weakened 0.14% to 3.1720 versus the US dollar; crude palm oil futures for the third month delivery rose RM32 per tonne to RM3,191, crude oil gained two cents per barrel to US$101.36 while gold fell US$6.22 an ounce to US$1,587.00.

Asian shares eased on Wednesday in low volume with many market players away for year-end holidays, while oil kept gains from the previous day on concerns about possible supply disruptions after Iran threatened to stop the flow of oil from the Gulf, according to Reuters.

At the regional markets, Hong Kong’s Hang Seng Index fell 0.67% to 18,503.67, South Korea’s Kospi lost 1.13% to 1,821.14, the Shanghai Composite Index fell 0.66% to 2,151.97, Singapore’s Straits Times Index lost 0.30% to 2,665.58, Taiwan’s Taiex shed 0.11% to 7,077.15 while Japan’s Nikkei 225 was flat at 8,440.65.

On Bursa Malaysia, losers included Warisan that fell 38 sen to RM2.41, Batu Kawan down 18 sen to RM17.32, Top Glove and Guan Chong lost 11 sen each to RM4.38 and RM1.98, Nestle, Kluang and HLFG fell 10 sen each to RM56.70, RM2.60 and RM11.70 respectively, while Lafarge Malayan Cement, Harvest Court and UMW fell nine sen each to RM6.81, RM1.01 and RM6.89 respectively.

Among the gainers, Petronas Gas added 40 sen to RM14.80, BAT 30 sen to RM49.30, United PLANTATION []s 20 sen to RM18.80, DKSH 16 sen to RM1.54, KrisAssets up 13 sen to RM6.05, Hup Seng and GAB up 10 sen each to RM1.80 and RM13.30, Tan Chong gained eight sen to RM4.12 and Kwantas was up six sen to RM2.04.

The actives included Utopia, Proton, JCY, MBF Holdings warrants and Vastalux.



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KLCI stays in the red at mid-day, struggles to breach 1,500-level

KUALA LUMPUR (Dec 28): Asian stocks retreated on Wednesday as investor sentiment remained weighed by the looming euro zone debt crisis, while a survey showed that confidence among South Korea's largest companies fell to its lowest in four months in January.

The FBM KLCI was down 2.32 points to 1,498.59 at the mid-day break, weighed by select blue chips.

Gainers trailed losers by 227 to 316, while 278 counters traded unchanged. Volume was 558.51 million shares valued at RM332.21 million.

The ringgit weakened 0.14% to 3.1720 versus the US dollar; crude palm oil futures for the third month delivery rose RM32 per tonne to RM3,191, crude oil gained two cents per barrel to US$101.36 while gold fell US$6.22 an ounce to US$1,587.00.

Asian shares eased on Wednesday in low volume with many market players away for year-end holidays, while oil kept gains from the previous day on concerns about possible supply disruptions after Iran threatened to stop the flow of oil from the Gulf, according to Reuters.

At the regional markets, Hong Kong’s Hang Seng Index fell 0.67% to 18,503.67, South Korea’s Kospi lost 1.13% to 1,821.14, the Shanghai Composite Index fell 0.66% to 2,151.97, Singapore’s Straits Times Index lost 0.30% to 2,665.58, Taiwan’s Taiex shed 0.11% to 7,077.15 while Japan’s Nikkei 225 was flat at 8,440.65.

On Bursa Malaysia, losers included Warisan that fell 38 sen to RM2.41, Batu Kawan down 18 sen to RM17.32, Top Glove and Guan Chong lost 11 sen each to RM4.38 and RM1.98, Nestle, Kluang and HLFG fell 10 sen each to RM56.70, RM2.60 and RM11.70 respectively, while Lafarge Malayan Cement, Harvest Court and UMW fell nine sen each to RM6.81, RM1.01 and RM6.89 respectively.

Among the gainers, Petronas Gas added 40 sen to RM14.80, BAT 30 sen to RM49.30, United PLANTATION []s 20 sen to RM18.80, DKSH 16 sen to RM1.54, KrisAssets up 13 sen to RM6.05, Hup Seng and GAB up 10 sen each to RM1.80 and RM13.30, Tan Chong gained eight sen to RM4.12 and Kwantas was up six sen to RM2.04.

The actives included Utopia, Proton, JCY, MBF Holdings warrants and Vastalux.



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DKSH to provide market expansion services for LOTTE in Malaysia

KUALA LUMPUR (Dec 15): DKSH’s Business Unit Consumer Goods, a market expansion services (MES) provider with a focus on fast moving consumer goods, has inked an agreement with LOTTE Group, to provide LOTTE with full services in modern trade and general trade channels for selected key territories in West Malaysia including the central region, Johor, Perak, Malacca, and West Pahang.

In a statement Dec 13, DKSH Holdings (Malaysia) Bhd said the partnership covered MES for the well-known brands such as Xylitol, Koala’s March, Chocopie, Fusen No Mi, Toppo, as well as other brands in the chewing gum, chocolate, and cookie product categories.

It said the Tokyo-headquartered LOTTE Group had selected DKSH because of its integrated, tailor-made solutions along the entire value chain, as well as for its strong customer base across Asia.

DKSH Malaysia offers its clients and customers a comprehensive network of sales, marketing, logistics, and distribution services since its establishment in 1923 in the country.

DKSH Malaysia managing director Leonard Tan said the was looking forward to leverage on its expertise and network to successfully expand and grow LOTTE’s market presence and share in Malaysia.



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Asian markets pare down gains as European euphoria fades

KUALA LUMPUR (Dec 12): Asian markets, including at Bursa Malaysia, retreated in the afternoon session on Monday as the initial euphoria over the European leaders’ summit deal to pursue stricter budget rules and a stronger fiscal union did little to abate fears of a deepening financial crisis in the region.

European shares fell on Monday as euphoria over a European Union deal on deeper economic integration faded, weighed by concerns over politicians' response to the debt crisis in the short-term and the likely impact of austerity measures on growth, according to Reuters.

The FBM KLCI could not sustain its earlier gains and closed 0.48% or 6.97 points higher at 1,467.10. The index had earlier risen to its intra-day high of 1,474.55.

Losers overtook gainers by 362 to 357, while 325 counters traded unchanged. Volume was 1.6 billion shares valued at RM1.13 billion.

At the regional markets, Japan’s Nikkei 225 close 1.36% higher at 8,653.82, South Korea’s Kospi up 1.33% to 1,899.76, Taiwan’s Taiex gained 0.81% to 6,949.04 and Singapore’s Straits Times Index edged up 0.26% to 2,701.72.

Meanwhile, the Shanghai Composite Index fell 1.02% to 2,291.54 and Hong Kong’s Hang Seng Index shed 0.06% to 18,575.66.

On Bursa Malaysia, Nestle was the top gainer and rose RM1.52 to RM55.90; Dutch Lady gained RM1.06 to RM25.98, PPB 30 sen to RM16.60, GAB and Tahps 28 sen each to RM12.28 and RM4.48, Proton 24 sen to RM4.23, while Inno, F&N and Genting rose 20 sen each to RM1.50, RM18 and RM10.82.

Among the decliners, MISC and Lafarge Malayan Cement fell 20 sen each to RM5.60 and RM6.66, Ajinomoto, DKSH and BAT lost 10 sen each to RM3.92, RM1.73 and RM47.20 respectively, Quality Concrete down nine sen to RM1.25, Boxpak eight sen to RM1.72 while Malpac lost seven sen to RM1.33.

The actively traded stocks included Utopia, Proton, Sanichi, Compugates and Flonic.



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KLCI falls 1.14%, blue chips weigh

KUALA LUMPUR (Nov 25): The FBM KLCI closed lower on Friday, in line with key regional markets mired in the red as simmering fears over the euro zone debt crisis and the outlook for the global economy kept investors on the sidelines.

The extended weekend with the Awal Muharram public holiday next Monday also gave local investors an excuse to take profit on blue chip stocks that had made some gains over the past two days.

The FBM KLCI closed 1.14% or 16.44 points lower at 1,431.55, weighed by losses including at BAT, MISC, Genting and PPB.

Losers beat gainers by 463 to 298, while 256 counters traded unchanged. Volume was 1.58 billion shares valued at RM1.09 billion.

At the regional markets, Hong Kong’s Hang Seng Index fell 1.37% to 17.689.48, Taiwan’s Taiex lost 1.16% to 6,784.52, South Korea’s Kospi was down 1.04% to 1,776.40, the Shanghai Composite Index fell 0.72% to 2,380.22, Japan’s Nikkei 225 edged down 0.06% to 8,160.01 while Singapore’s Straits Times Index fell 1.24% to 2,643.93.

On Bursa Malaysia, BAT was the top loser and fell RM1.84 to RM45.40, MISC lost 33 sen to RM5.80, Genting and MMHE fell 26 sen each to RM10.02 and RM5.60, Tradewinds 21 sen to RM9.28, PPB and MNRB 20 sen each to RM16.06 and RM2.66, QSR 19 sen to RM5.70, while DKSH lost 17 sen to RM2.01.

Among the gainers, Nestle rose 30 sen to RM50.90, Hong Leong Bank up 22 sen to RM10.42, F&N 20 sen to RM17.90, Knusford and TDM 16 sen each to RM1.95 and RM3.45, while Supermax, Tecnic and UMW added 13 sen each to RM3.55, RM2.85 and RM6.88 respectively.

Meanwhile, the actively traded counters included Sumatec, MUI Industries, JCY, Compugates, Tiger Synergy and MBF Holdings warrants.



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KLCI snaps losing streak as regional markets pare down losses

KUALA LUMPUR (Nov 22): The FBM KLCI snapped its losing streak and closed higher on Tuesday after having continuously fallen for five trading days, as some of the regional markets reversed earlier losses.

Stock markets put in gains on Tuesday after a heavy session of losses the previous day, though the respite from worries over U.S. and European government debt looked only temporary, according to Reuters.

The FBM KLCI rose 3.91 points to close at 1,437.99.

Market breadth, however, remained tepid with losers edging gainers by 399 to 327, while 298 counters traded unchanged. Volume was 1.27 billion shares valued at RM1.04 billion.

At the regional markets, Hong Kong’s Hang Seng Index rose 0.14% to 18,251.59, South Korea’s Kospi rose 0.34% to 1,826.28 and Singapore’s Straits Times Index gained 0.71% to 2,717.20.

Meanwhile, Japan’s Nikkei 225 fell 0.4% to 8,314.74, Taiwan’s Taiex lost 0.61% to 7,000.03 and the Shanghai Composite Index shed 0.10% to 2,412.63.

On Bursa Malaysia, KrisAssets rose 40 sen to RM5, Nestle was up 34 sen to RM50.20, KLK 30 sen to RM21, Tradewinds 25 sne to RM9.43, TSH Resources rose 24 sen to RM3.91, United PLANTATION []s 20 sen to RM18.50, Knusford 19 sen to RM1.77, BLD Plantations 15 sen to RM6.88 and DiGi up 12 sen to RM3.72.

Sumatec was the most actively traded counter with 112.1 million shares done. The stock jumped 7.5 sen to 28 sen.

Other actives included Compugates, DPS Resources, MMSV, SYF Resources, Tricubes and GPRO.

Among the decliners, Harvest Court fell 43.5 sen to 96.5 sen, Panasonic down 36 sen to RM19.60, Triplc 30 sen to 70 sen, Uzma 19 sen to RM1.60, DKSH and SOP 18 sen each to RM2.15 and RM4.48, Sungei Bagan 17 sen to RM2.73, while Nilai and MAHB fell 11 sen each to RM1.21 and RM5.96.



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KLCI closes lower, blue chips weigh

KUALA LUMPUR (Nov 17): The FBM KLCI extended its losses on Thursday, Nov 17 as external uncertainties weighed on investor sentiment at most key regional markets, although some of the Asian markets rose slightly on bargain hunting.

Meanwhile, European shares fell early on Thursday, tracking Wall Street lower, after ratings agency Fitch warned that the outlook for U.S. banks could deteriorate if the euro zone sovereign debt crisis is not resolved soon, according to Reuters.

The FBM KLCI fell 11.37 points to close at 1,465.47.

Losers edged gainers by 378 to 344, while 288 counters traded unchanged. Volume was 1.59 billion shares valued at RM1.17 billion.

At the regional markets, Hong Kong’s Hang Seng Index fell 0.76% to 18,817.47, the Shanghai Composite Index lost 0.16% to 2,463.05 and Singapore’s Straits Times Index fell 1.04% to 2,778.25.

Meanwhile, South Korea’s Kospi rose 1.11% to 1,876.67, Japan’s Nikkei 225 added 0.91% to 8,479.63 and Taiwan’s Taiex was flat at 7,387.81.

On Bursa Malaysia, BAT was the top loser and fell 70 sen to RM46.30; Harvest Court shares fell 45 sen to RM1.04 while its warrants lost 38 sen to 89 sen, Proton down 21 sen to RM3.32, Genting 20 sen to RM10.68, CIMB 19 sen to RM6.87, IOI Corp 14 sen to RM5.09, Magni 13 sen to RM1.15, AirAsia 11 sen to RM3.80 while MISC fell 10 sen to RM6.69.

Compugates was the most actively traded counter with 63.8 million shares done. The stock was unchanged at 8 sen.

Other actives included Sumatec, DPS Resources, Malton shares and warrants, Frontken and Hibiscus warrants.

Among the gainers, Amway and Nestle rose 28 sen each to RM9.32 and RM49.50, Panasonic 26 sen to RM19.76, Dutch Lady 20 sen to RM22.70, DKSH 16 sen to RM2.20, Petrol One 11 sen to RM1.15, Metrod 10 sen to RM1.95, while BLD PLANTATION []s and Jaya Tiasa rose eight sen each to RM6.80 and RM6.40.



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KLCI tapers down as regional markets slip

KUALA LUMPUR (Nov 8): The FBM KLCI gave up most of its gains on Tuesday, Nov 8 as most key regional markets turned red on some mild profit taking, with persistent concern over Europe's debt crisis keeping investors cautious.

The FBM KLCI tapered down in the afternoon session and closed 0.20% or only 2.95 points higher at 1,480.46.

The index had earlier climbed to its intra-day high of 1,489.91.

Gainers led losers by 408 to 329, while 279 counters traded unchanged. Volume was 1.81 billion shares valued at RM1.54 billion.

At the regional markets, Japan’s Nikkei 225 fell 1.27% to 8,655.51, South Korea’s Kospi lost 0.83% to 1,903.14, Taiwan’s Taiex slipped 0.27% to 7,600.79 and the Shanghai Composite Index shed 0.24% to 2,503.84.

Meanwhile, Singapore’s Straits Times Index rose 0.64% to 2,866.52 and Hong Kong’s Hang Seng Index ended flat at 19,678.47.

On Bursa Malaysia, DiGi was the top gainer and rose 70 sen to RM34; F&N added 38 sen to RM17.52, Harvest Court 30.5 sen to RM1.18,Malaysia Smelting Corp 23 sen to RM4.20, Dutch Lady 22 sen to RM20.50, United PLANTATION []s, KLK and DKSH added 20 sen each to RM17.58, RM21.20 and RM2.10 respectively, while Favelle Favco added 19 sen to RM1.28.

Among the decliners, Nestle lost 50 sen to RM49.50, Cocoaland fell 20 sen to RM2, Parkson 14 sen to RM5.50, Shell 10 sen to RM9.50, Aeon and Lysaght lost nine sen each to RM7 and RM1.69, while Tahps, Ann Joo, KPJ and Panasonic fell eight sen each to RM4.15, RM2.02, RM4.03 and RM19.12 respectively.

The actives included Karambunai, Sanichi, Hibiscus, JCY, Palette, Focus and Compugates.

KLCI rebounds but regional markets stay cautious

KUALA LUMPUR: The FBM KLCI rebounded on Wednesday, Oct 19 and closed 0.72% higher as gains at select blue chips including Tenaga and Genting Malaysia.

The FBM KLCI rose 10.31 points to 1,450.25.

Gainers beat losers by 641 to 162, while 210 counters traded unchanged. Volume was 1.69 billion shares valued at RM1.21 billion.

Regional markets, however, mostly pared down their earlier gains as investors remain pessimistic over the outlook of the global economy.

Although European stocks edged higher on optimism that policymakers would take major steps at a to solve the festering Eurozone debt crisis, Asian investors became wary after Moody's cut Spain's sovereign ratings by two notches.

Also, Hong Kong's government said it expects economic growth in the territory to be affected by weaker exports, with gross domestic product anticipated to grow at lower end of its own forecast range.

At the regional markets, Hong Kong’s Hang Seng Index close 1.29% higher at 18,309.22, South Korea’s Kospi was up 0.93% to 1,855.92 and Japan’s Nikkei rose 0.35% to 8,772.54.

Meanwhile, the Shanghai Composite Index fell 0.25% to 2.377.51, Singapore’s Straits Times Index down 0.16% to 2,720.21 and Taiwan’s Taiex shed 0.08% to 7,353.37.

Among the gainers on Bursa Malaysia, HLFG added 30 sen to RM11.58, Malayan Flour Mills up 28 sen to RM7.64, MISC and Dutch Lady added 24 sen each to RM6.73 and RM19.14, PPB and Tenaga 20 sen each to RM16.70 and RM5.55, Genting Malaysia 19 sen to RM3.69, while IJM Corp and DKSH added 18 sen each to RM5.39 and RM1.72.

JCY was the most actively trade counter with 58.2 million shares done. The stock jumped 12.5 sen to 58 sen.

Other actives included Systech, HWGB, Hubline, Harvest Court, Asiapac and Tiger.

Decliners included BAT, Chin Teck, KLK, GAB, DiGi, MBM Resources, Panasonic, Parkson, Utusan and Lysaght.