KUALA LUMPUR (Thomson Financial) - Malaysian shares opened little changed
Monday amid a lack of fresh leads but the country's top bank Maybank edged
higher after it announced an acquisition in Vietnam.
At 9.02 am (0102 GMT), the Kuala Lumpur Composite Index (KLCI) was up 2.14
points or 0.2 percent at 1,191.2.
The FTSE Bursa Malaysia 30-large cap index rose 13.35 points or 0.2 percent
to 7,926.88 and the FTSE Bursa Malaysia second board index gained 5.11 points or
0.1 percent to 5,648.71.
Advancers led decliners 62 to 24 with 55 stocks unchanged and 1,225 counters
untraded.
Trading volume was 10.65 million shares, valued at 9.06 million ringgit.
The Malaysian ringgit was quoted at 3.1945/1950 against the US dollar in
early trading.
Maybank gained 10 sen or 1.2 percent to 8.70 ringgit. On Friday, Maybank
said it will pay 430 million ringgit for 15 percent of Vietnam's An Binh
Commercial Joint Stock Bank.
Maybank said it may raise its equity interest in the Vietnamese bank to 20
percent, pending approval by the Vietnamese government.
aipeng.soo@thomson.com
as/ms
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