Comfort Gloves buys Perak land for RM13.22m

PETALING JAYA: Comfort Gloves Bhd is acquiring a piece of land measuring about 157,500 square metres in Kinta, Perak for RM13.22 million.

The company said its wholly owned subsidiary Comfort Rubber Gloves Industries Sdn Bhd had on June 22 entered into a sale and purchase agreement with Nestle Manufacturing (Malaysia) Sdn Bhd for the land purchase.

The purchase sum is to be satisfied in cash via internally generated funds.

Comfort Gloves said the proposed acquisition is in line with its future expansion plans and to take up more business opportunities.

Its shares gained 1.8% to close at 86 sen on 856,500 shares done.

Bursa extends downtrend to mid-morning

KUALA LUMPUR, June 22 — Bursa Malaysia extended its downtrend to mid-morning today, dragged down by sustained selling momentum in selected heavyweights, led by trade/services-linked counters. At 11.00am, the benchmark FTSE Bursa Malaysia KLCI (FBM…

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KUALA LUMPUR (June 22): The FBM KLCI fell 0.66% at mid-morning today, tracking losses at the regional markets as investor sentiment remained jittery given the spectre of a global trade war. At 10am, the FBM KLCI fell 11.02 points to 1,681.3. Losers led gainers by 277 to 177, while 283 counters traded unchanged. Volume was 398.65 million shares valued at RM282.86 million. The top losers included British American Tobacco (M) Bhd, Kuala Lumpur Kepong Bhd, Nestle (M) Bhd, Ayer Holdings Bhd, KESM Industries Bhd, Superlon Holdings Bhd, PPB Group Bhd,Read More

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KLCI pares gains as regional sentiment turns tepid


KUALA LUMPUR (June 20): The FBM KLCI pared its gains substantially at the midday break today, tracking its regional peers as China’s stock markets fell. At 12.30pm, the FBM KLCI was up 2.65 points to 1,718.01. The index had earlier risen to a high of 1,728.69. Gainers edged losers by 250 to 244, while 519 counters traded unchanged, Volume was 966.88 million shares valued at RM903.19 million. The top gainers included British American Tobacco (M) Bhd, Fraser & Neave Holdings Bhd, Petronas Dagangan Bhd, United Plantations Bhd, Hong Leong IndustriesRead More

Bursa Malaysia snaps eight-day losing streak, opens higher

KUALA LUMPUR: Bursa Malaysia snapped an eight-day losing streak to open higher today as bargain-hunting took place.

The local bourse slumped to an over six-and-a-half month low at yesterday's close. But at 9.08am today, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 10.02 points stronger at 1,725.38 from Tuesday's close of 1,715.36.

The index opened 4.30 points firmer at 1,719.66.

On the broader market, losers led gainers 143 to 87, while 171 counters were unchanged, 1,510 untraded and 24 others suspended.

Volume stood at 99.55 million units valued at RM70.33 million.

A dealer said yesterday's heavy selling had spurred bargain hunters to pick up the cheap valuations.

“At the same time, many investors too have returned to work after the Hari Raya holiday and higher crude oil prices also lent support to the local bourse,” he added.

For heavyweights, Maybank perked 11 sen to RM9.39, Public Bank bagged 24 sen to RM23.60, CIMB was three sen higher at RM5.89, while Tenaga and Petronas Chemicals were flat at RM14.16 and RM8.36 respectively.

Among actives, MI Equipment and MyEG gained three sen each to RM1.45 and RM1.01, GSB inched up 1.5 sen to 20 sen, Sapura Energy was two sen better at 62 sen, while TH Heavy was unchanged at 5.5 sen.

Nestle led the top gainers list in rising RM1.00 to RM148.00, followed by F&N which advanced 48 sen to RM38.00, United Plantations improved 28 sen to RM27.50, Top Glove perked 26 sen to RM11.58 and Hong Leong Financial rose 22 sen to RM18.48.

The FBM Emas Index accumulated 60.06 points to 12,155.31, the FBM70 was 54.41 points higher at 14,676.55, the FBMT100 Index gained 63.17 points to 11,944.51, the FBM Emas Shariah Index bagged 46.66 points to 12,215.38 and the FBM Ace Index edged up 15.44 points to 5,248.45.

Sector-wise, the Finance Index jumped 84.71 points to 17,166.29 and the Industrial Index ticked up 0.87 of-a-point to 3,125.05.But, the Plantation Index lost 3.16 points to 7,640.23.

Gold futures contracts on Bursa Malaysia Derivatives opened untraded in early trading today.

At 9.15am, June 2018, July 2018, August 2018 and September 2018 stood at RM165.10, RM165.45, RM165.55 and RM165.90 a gramme respectively.

Volume was nil, while open interest amounted to 38 contracts.

At 9.30am, the price of physical gold was down 57 sen to RM158.72 a gramme. — Bernama

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