17. Genting, TMI up but plantations fall

KUALA LUMPUR: Genting and TM International, whose share price had been battered down in recent weeks, managed to eke out small gains on some fund buying in early trade Wednesday but plantation stocks extended their losses. At 9.30am, the KLCI was up 2.03 points to 1,123.28 but off the early high of 1,127.56, Turnover was 40 million shares valued at RM92mil. There were 138 gainers, 51 losers and 81 counters unchanged. Asian markets rose, lifted by the stronger close on Wall Street as oil price slipped to US$136 per barrel. Japan’s Nikkei 225 jumped 1.77% or 230.84 points to 13,263.94, Singapore’s Straits Times Index added 1.25% to 2,922.84 and Shangai’s Composite Index advanced 1.12% to 2,846.36. On the Bursa Malaysia, CIMB Equities Research said it was staying “Neutral” on Malaysia. It cited recent negative developments such... [read full story]