BIMB Securities Research expects the local market to remain sideways on Wednesday due to lack of fresh catalysts with the FBM KLCI hovering around 1,690 to 1,695.
BAT fell the most, down 84 sen to RM59.10 following the recent hike in cigarette prices after the 40% hike in excise duties.
Public Bank fell 30 sen to RM17.888 and Hong Leong Bank 28 sen to RM13,78 but with 100 shares done only while HLFG rights shares, which started trading on Monday, lost 20 sen to rm2.19.
Petronas Gas lost 26 sen to RM22.66 and Petronas Dagangan 16 sen to RM22.98 and MISC was 11 sen down to RM9.11.
Among the telcos, DiGi shed 11 sen to RM5.09. Genting lost 11 sen also to RM7.54.
Update........... Asian stocks turned mixed on Wednesday following fresh economic data from China that largely met expectations.
China's fixed-asset investment (FAI) increased 10.2 percent in the January-October period compared with the year-earlier period, in line with expectations, slightly coming down from the 10.3 percent gain recorded in the January-September period.
Industrial production cooled to 5.6 percent year-over-year in October, from September's 5.7 percent level and missing the expected 5.8 percent by economists polled by Reuters. Retail sales in China rose 11.0 percent on-year in October, marginally higher than September's 10.9 percent jump.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
DreamMarauder
1,094 posts
Posted by DreamMarauder > 2015-11-09 19:50 | Report Abuse
TP 1.22? Really? So good ah.