The Star Online: Business

KLCI holds steady amid profit taking
Scomi up in active trade on RM2.1b Petronas Carigali job
Hong Leong Capital shares fall after Bursa Securities query (Update)

Posted: 07 Mar 2013 06:20 PM PST

KUALA LUMPUR: Malaysia's blue chips gave up part of their early gains on Friday on some profit taking ahead of the weekend, with plantation heavyweights among the major decliners.

However, the broader market was steadier, with interest seen in penny stocks like Scomi Group while the FBM KLCI was propped up by BAT, Hong Leong Bank and MAHB.

At 10am, the KLCI was up 1.52 points to 1,652.45. Turnover was 162.77 million shares valued at RM164.33mil. There were 191 gainers, 114 losers and 209 counters unchanged.

Reuters reported overnight gains in US stocks underpinned Asian shares on Friday, but prices were capped ahead of key US jobs and Chinese trade figures due later in the session, while the dollar hovered near a 3-1/2-year high against the yen.

At Bursa Malaysia, BAT rose 38 sen to RM62.68, MAHB 13 sen to RM5.63 while HLBank gained 12 sen to RM14.44 and Takaful 11 sen higher at RM6.

UMCCA rose 10 sen to RM7.25 and Genting Plantations nine sen higher at RM8.99. However, United Plantations fell 38 sen to RM27, KL Kepong 10 sen to RM20.52 and IOI Corp five sen to RM4.89.

FACB Industries rallied 16 sen to RM1.21 with 1.28 million shares done, TN Logistics rose seven sen to RM2.27.

Scomi rose 2.5 sen to 35.5 sen with 15.41 million shares done. Its subsidiary secured a RM2.1bil contract from Petronas Carigali Sdn Bhd.

Hong Leong Capital fell 35 sen to RM3.25 on profit taking after the recent rally as Bursa Securities queried it over the sharp rise in the share price. HLFG lost 10 sen to RM14.54.

Scomi up in active trade on RM2.1b Petronas Carigali job

Posted: 07 Mar 2013 05:57 PM PST

Published: Friday March 8, 2013 MYT 9:58:00 AM

KUALA LUMPUR: Scomi Group Bhd's share price rose in active trade on Friday after its subsidiary secured a RM2.1bil contract from Petronas Carigali Sdn Bhd.

At 9.45am, it was up 2.5 sen or 7.5% to 35.5 sen. It was actively traded with 12.90 million shares done.

The FBM KLCI was up 1.56 points to 1,652.49. Turnover was 113.17 million shares valued at RM111.48mil. There were 170 gainers, 98 losers and 183 counters unchanged.

The contract was awarded to it subsidiary Scomi KMC Sdn Bhd. The five-year contract from March 1, 2013 to Feb 28, 2018 would be provide drilling fluids and barites materials, equipment and services.

Hong Leong Capital shares fall after Bursa Securities query (Update)

Posted: 07 Mar 2013 05:47 PM PST

KUALA LUMPUR: Hong Leong Capital Bhd's share price fell on Friday after it was queried by Bursa Malaysia Securities over the sharp rise in its price recently while investors worried about the impending trading suspension.

At 9.29am, its share price had fallen 35 sen to RM3.25.

There were 20,200 shares traded at prices ranging from RM3.21 to RM3.58.

The regulator had on Friday issued the query following the unusual market activity (UMA) of Hong Leong Capital's share price.

On Thursday, its substantial shareholder, Datuk Dr Yu Kuan Chon sold 250,000 shares. After the disposal, his shareholding was reduced to 21.547 million shares or 8.72%.

The media-shy Yu is chairman and executive director of Perak-based YNH Property Bhd.

Below is the earlier story

KUALA LUMPUR: Bursa Malaysia Securities has queried Hong Leong Capital over the "sharp rise in price" in its shares recently.

The regulator had on Friday issued the query following the unusual market activity (UMA) of Hong Leong Capital's share price.

Bursa Securities directed the company to provide it with an announcement for public release after enquiring with the directors and major shareholders seeking the cause of the UMA.

At 9.06am, the shares slipped two sen to RM3.58.

On Thursday' the shares continued to rally, adding 20 sen to RM3.60, which was RM1.89 or 110% above Hong Leong Financial Group's takeover offer of RM1.71.

Trading in HLCap will be suspended on April 15 as it does not meet the public shareholding spread but some investors are expecting a higher revised offer.

Kredit: www.thestar.com.my

Khamis, 7 Mac 2013