2 days ago
Nationgate, Genting Plantations Lead The Way As Market Closes Slightly Higher
The stock market closed marginally higher on July 4, supported by selective buying in heavyweight counters despite subdued overall market activity.
The market breadth was slightly positive, with 489 gainers outpacing 466 losers, while 509 counters were unchanged, 923 were untraded and 21 were suspended.
Trading activity, however, slowed, with turnover falling to 3.43 billion shares worth RM2.47 billion, down from 5.09 billion units valued at RM2.9 billion in the previous session, indicating a cautious tone ahead of the weekend.
Top performer for July 4 was Genting Plantations Bhd, which climbed 22 sen to RM5.23 on a volume of 324,000 shares. Tech-focused Nationgate Holdings Bhd also drew strong investor interest as the counter jumped 11 sen to RM1.78 with 5.6 million shares traded, making it the most actively traded counter of the day.
Other notable gainers included Can-One Bhd, up 10 sen to RM2.20, Heineken Malaysia Bhd, which gained 10 sen to RM25.44, and Hong Leong Industries Bhd, which grew 10 sen to RM13.52.
On the losing end, consumer giant Nestlé (M) Bhd led the decliners, falling RM2.48 to RM77.52. It was followed by Dutch Lady Milk Industries Bhd, which slipped 54 sen to RM29.14, and Petronas Dagangan Bhd, which dropped 40 sen to RM21.56.
Other laggards included Westports Holdings Bhd, down 22 sen to RM5.58, and Timberwell Bhd, which lost 14.5 sen to 24.5 sen.
Market analysts expect the FBM KLCI to remain in a consolidative phase, with investors turning cautious ahead of upcoming global economic data and earnings announcements. Related
