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KLCI ends 0.17% higher amid rotational play, in line with Wall Street gains


KUALA LUMPUR (March 2): The FBM KLCI closed higher by 0.17% or 2.73 points as investors engaged in stock-picking amid sector rotational play, while the positive sentiment generated from Wall Street’s overnight surge has also spilt over to the local market.
At 5pm, the benchmark index closed at 1,569.87 points. Today, the index had only been trading in the positive territory throughout the trading session, ranging between 1,568.67 and 1,583.43.
Among the 30 FBM KLCI constituents, 18 stocks were higher, nine were lower while three traded flat. Gains were led by IHH Healthcare Bhd, which jumped 21 sen or 3.97% to RM5.50, followed by Dialog Group Bhd and MISC Bhd. ....

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The Week Ahead: Spotlight on Rosmah's graft trial decision, FGV takeover by FELDA


It may be a quiet week after the Chinese New Year holidays in terms of economic data, but there will be more excitement in the courts and on the corporate front.
On Thursday (Feb 18), the Kuala Lumpur High Court will deliver its decision on whether to call Datin Seri Rosmah Mansor, the wife of former prime minister Datuk Seri Najib Razak, to enter her defence in relation to three counts of graft related to a solar hybrid project involving 369 schools in Sarawak or to acquit her of all charges.
The date was fixed after Justice Mohamad Zaini Mazlan heard submissions from the prosecution and defence last week. Senior deputy public prosecutor Datuk Seri Gopal Sri Ram is leading the prosecution team. ....

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KLCI stays lacklustre as index-linked glove makers drag


At 12.30pm, the FBM KLCI was down 3.67 points to 1,581.23.
Losers edged gainers by 369 to 364, while 687 counters traded unchanged. Trading volume was 3.39 billion shares valued at RM1.98 billion.
The top losers included Nestle (Malaysia) Bhd, Computer Forms (Malaysia) Bhd, Kuala Lumpur Kepong Bhd, Heineken Malaysia Bhd, KESM Industries Bhd, Fraser & Neave Holdings Bhd, Khind Holdings Bhd and Hong Leong Financial Group Bhd.
Index-linked glove makers Top Glove Corp Bhd, Supermax Corp Bhd and Hartalega Holdings Bhd also retreated.
The actively traded stocks included i-Stone Group Bhd, Luster Industries Bhd, Trive Property Group Bhd, QES Group Bhd, Iris Corp Bhd, Metronic Global Bhd and Aemulus Holdings Bhd. ....

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KLCI reverses earlier gains as glove makers, plantation stocks drag


KUALA LUMPUR (Feb 5): The main index of Bursa Malaysia reversed its earlier gains and dipped in the mid-morning as glove makers and plantation stocks dragged against a backdrop of mixed regional markets.
At 10am, the FBM KLCI had fallen 2.82 points to 1,582.08. The index earlier rose to a high of 1,590.47.
Gainers edged losers by 399 to 361, while 415 counters traded unchanged. Trading volume was 1.56 billion shares valued at RM850.08 million.
The decliners included Nestle (Malaysia) Bhd, Kuala Lumpur Kepong Bhd (KLK), Supermax Corp Bhd, Unisem (M) Bhd, Top Glove Corp Bhd, PPB Group Bhd, United Plantations Bhd and Batu Kawan Bhd.
The actively traded stocks included i-Stone Group Bhd, Trive Property Group Bhd, Luster Industries Bhd, QES Group Bhd, Iris Corp Bhd and Fintec Global Bhd. ....

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