cautious note on July 
6, as commodities including light crude oil and crude palm oil (CPO) futures fell.At Bursa Malaysia, MISC, Genting, DiGi and Petronas Dagangan weighed on the 30-stock FBM KLCI.
At 12.30pm, the FBM KLCI fell 6.83 points to 1,065.86. Turnover was 301.25 million shares valued at RM268 million. There were 112 gainers, 310 losers and 173 stocks unchanged.
Hong Kong’s Hang Seng Index rose just 0.1% to 18,221.78 and Shanghai’s Composite Index added 0.32% to 3,098.24 but the Nikkei 225 fell 1.37% to 9,681.14 and Singapore’s Straits Times Index fell 0.5% to 2,288.52.
Light crude oil fell US$1.41 to US$65.32 while CPO futures fell RM44 to RM2,126.
MISC, Genting, DiGi and Petronas Dagangan were the main losers except for F&N. MISC fell 20 sen to RM8.50 while Genting, DiGi and PetDag lost 10 sen each to RM5.70, RM21.90 and RM8.15 respectively. F&N fell 20 sen to RM9.05 on profit taking after last week’s rally while Bursa lost 10 sen RM6.85.
Talam-WB, which was listed on July 1, rose 0.5 sen to seven sen. It had lost 13 sen since it started trade. Talam was unchanged at 9.5 sen.
UEM Land fell four sen to RM1.42 and Tebrau Teguh three sen to 73 sen. However, Lion Corp and Lion Div rose 1.5 sen each to 45.5 sen and 55 sen on news of a possible merger of their steel operations.IJM and HL Bank rose 30 sen each to RM5.60 and RM5.70 while Tanjong added 10 sen to RM13.70. Hartalega gained 20 sen to RM4.26 and Top Glove 15 sen to RM6.45.
Hi,
ReplyDeleteI ma visiting from ArticlePinger.com.
I wonder how can we trade stock using stock Rights? I know that there are some stocks giving Rights to the shareholders. But how can we profit from it? Could you share your knowledge about it?
Is there a way to do Option Trading in Malaysia?
I will come back to read your comments soon. :)
Sorry Lee,
ReplyDeleteZL do not and don't know how to trade OPTIONS.
As for stock RIGHTS ISSUES >>> They are only a FORM allocated to a share holder of the said stock. Rights are not WARRANTS until you pay for the warrant at a price fixed by the issuer aka the Company.
These Rights Form have a very short life span sometimes 1 mth sometimes more. Any non-shareholder who wishes to buy such a warrant needs to buy the RIGHTS Form before expiry then only can the non-share holder send CASH for each warrant at it's fixed price.
If you are a ahareholder and allocated a number of Rights Form you can sell off those forms in open market and forget abt the warrants.
TQVM for your enquiries Lee
Have a nice day!
Regards,
ZL