KUALA LUMPUR: Consumer stocks were among the top failures in early Monday exchange while Felda Global Ventures Holdings Bhd (FGV) went under restored weight once more, sending the shares underneath RM1.50. At 9.30am, the KLCI was down 2.62 focuses or 0.16% to 1,624.64. Turnover was 241.60 million shares esteemed at RM100.18mil. There were 129 gainers, 240 failures and 180 counters unaltered.
Key Asian markets were blended with Japan in the red however China, South Korea and Singapore advertises up. Among the purchaser stocks, BAT fell 56 sen to RM44.02, Dutch Lady 34 sen down to RM55.02 and F&N 12 sen to RM23.20 in thin exchange. Panasonic Malaysia lost 28 sen to RM35.
FGV fell nine sen to RM1.47 with 8.58 million shares done. Its call warrants FGV-C17 lost 0.5 sen to four sen. CIMB Equities Research said FGV may confront a reaction from the business sectors in the transient from the RM300mil discount coming from misrepresentation in a joint wander in Turkey.
CIMB Research, which has kept up a “hold” approach the organization’s share value, sees the misrepresentation issue as a negative in the transient yet positive in the medium term as it will permit FGV to enhance effectiveness and gainfulness.
Different decliners were Eon Credit, down 12 sen to RM13.54, Padini 11 sen to RM2.71 and Tune Protect 10 sen bring down ar RM1.52. Kim Hin tose 13 sen to RM1.69, The Store and MSC picked up 10 sen eacg to RM3 and RM4.37 while Muda and MKH climbed eight sen each to RM1.62 and RM2.90. MFC added seven sen to RM2.41.
Our recommendations for KLSE INTRADAY investors.
KLSE INTRADAY SIGNALS: BUY MOYA ASIA AT 0.057 TARGET 0.059, 0.061 SL 0.054
KLSE INTRADAY SIGNALS: BUY JHM AT 1.62 TARGET 1.67, 1.73 SL 1.56
KLSE INTRADAY SIGNALS: BUY SAMCHEM AT 1.34 TARGET 1.39, 1.45 SL 1.27