Wednesday 23 July 2014

KLSE Malaysia News Update : Epic Research Malaysia

Small capitalised property stocks were among the major gainers on Wednesday morning, with several counters scaling to several years high.
At 12.30pm, the FBM KLCI rose 0.8 points or 0.04% to 1,872.16. Turnover was 1.17 billion shares valued at RM855.34mil. There were 356 gainers, 375 losers and 310 counters unchanged.
Property stocks SHL, Brem, Plenitude and OSK Properties were among the top 10 gainers.
SHL Consolidated extended its gains for the second day following a positive report by Public Investment Research. SHL, the master developer of Bandar Sungai Long, could be worth at least RM1.0bil or RM4.26 per share, it said.

SHL rose 24 sen to RM2.94, Brem rose 22 sen to RM2.69, the highest since 2000. Plenitude added 16 sen to RM2.98 and OSK Properties 12 sen to RM2.31.

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