More in business


Monday, 16 April 2018 | MYT 9:43 AM

Digi, AirAsia, Supermax among top gainers early Monday

KUALA LUMPUR: Shares of Digi, AirAsia and glove maker Supermax climbed early Monday while the broader market was mixed as investors sought firmer leads from institutional players as the General Election 14 draws nearer with polling date at May 9.

At 9.33am, the KLCI was up 0.12 of a point or 0.01% to 1,868.59. Turnover was 560 million shares valued at RM235.70mil. There were 224 gainers, 211 losers and 218 counters unchanged.

Share markets started firmer in Asia on Monday amid relief US-led strikes on Syria looked like being a one-off event that avoided a direct confrontation with Russia, weighing on oil prices and safe-haven Treasuries, Reuters reported.

The e-mini futures for the S&P 500 sprang 0.6% higher in early trade, while Japan's Nikkei added 0.3%. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1%.

Petronas Dagangan rose 26 sen to RM25.74, riding on the firmer crude oil prices.

Supermax jumped 13 sen to RM2.73, the most in several years, as its outlook was more positive.

AirAsia gained 10 sen to RM4.03 as it resumed trading under the new holding company following the reorganisation.

Digi was up 11 sen to RM4.59. CIMB Equities Research has upgraded Digi to Add with an unchanged discounted cashflow based target price of RM5.10.

Dutch Lady added 60 sen to RM67.20 and F&N 12 sen to RM33.14 and Nestle fell 10 sen to RM148.90.

KESM fell 16 sen to RM18, Vitrox and Pentamaster seven sen each to RM5.57 and RM2.18.

Kossan lost 14 sen to RM18 on profit taking. UMW fell seven sen to RM5.74 and George Kent six sen lower at RM4.15.