Malaysia Stock Market:
- The FBM KLCI index gained 6.29 points or 0.38% on Monday. The Finance Index increased 0.40% to 14436.43 points, the Properties Index dropped 0.44% to 1194.1 points and the Plantation Index rose 0.42% to 7843.94 points. The market traded within a range of 12.26 points between an intra-day high of 1679.57 and a low of 1667.31 during the session.
- Actively traded stocks include M3TECH-WA, VIVOCOM, AAX, AAX-CX, XDL, THHEAVY, BORNOIL, M3TECH, AAX-CU and MBSB. Trading volume increased to 1555.51 mil shares worth RM1396.64 mil as compared to Friday’s 1433.59 mil shares worth RM1532.12 mil.
- Leading Movers were AXIATA (+13 sen to RM5.58), SKPETRO (+3 sen to RM1.55), IOICORP (+8 sen to RM4.49), MAYBANK (+14 sen to RM7.89) and MAXIS (+8 sen to RM6.25). Lagging Movers were GENTING (-10 sen to RM7.82), KLCC (-8 sen to RM7.60), HLFG (-16 sen to RM15.84), CIMB (-3 sen to RM4.74) and KLK (-10 sen to RM23.62). Market breadth was positive with 423 gainers as compared to 379 losers.
- The KLCI closed higher at 1678.08 points amid last Friday’s gains in US market after disappointing employment data reduces the chance of an interest rate hike. The performance of our local bourse was in tandem with our regional peers as U.S. job report seen dimming chance of September rate hike.
- BUY AMEDIA ABOVE 0.195 TGT 0.205 0.215 SL 0.185.
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