Categories
| Tradewinds Corp, Tebrau, Mulpha, UEM Land up in active trade |
| Business & Market 2009 | |||
| Written by Joseph Chin | |||
| Monday, 25 May 2009 09:15 | |||
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KUALA LUMPUR: Companies linked to the Iskandar Malaysia rose in active trade on May 25 on expectations of more projects to be launched. Tradewinds Corp, Tebrau Teguh, Mulpha and UEM Land and were higher in active trade. At 9.02am, the KL Composite Index was up 3.91 points to 1,049.17. Turnover was 49 million shares valued at RM43.35 million. Tebrau was the most active with 7.06 million shares done. It rose 1.5 sen to 77.5 sen. Tradewinds Corp advanced five sen to 66 sen, UEM Land two sen to RM1.64, Mulpha and its Mulpha-WA added one sen sen to 51.5 sen and 13.5 sen. MRCB was unchanged at RM1.29. HwangDBS Vickers Research, said in its outlook for the market, that investors would see a two-tier performance on our Malaysian stock market on May 26. “The large caps are expected to enjoy incremental buying support from institutional funds. If so, then the key KLCI may test and climb above its immediate resistance target of 1,050 ahead. “On the other hand, retail investors are likely to continue reducing their exposure in penny stocks, as evidenced in the slowing trading activity (1.3 billion shares) and weaknesses of the FBM Second Board Index (-0.1%) and the FBM Mesdaq Index (-0.6%) last Friday,” it said
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