Published: 2009/05/16
MALAYSIAN shares ended on a mixed note yesterday, as investors continued to pull back their positions ahead of the weekend, dealers said.
They said mild gains on finance and plantation counters also capped yesterday's losses, keeping the key index in positive territory throughout the day.The benchmark Kuala Lumpur Composite Index (KLCI) ended 2.22 points higher at 1,014.21.
It had opened 5.43 points higher at 1,017.42 in the morning.A dealer said the market started to slowly pull back at mid-day after the Health Ministry confirmed Malaysia's first influenza A(H1N1) case involving a student.He said traders took a cautious stand amid the lack of fresh leads.
"The market ended off its intra-day high of 1,020.51 as pre-weekend profit-taking weighed on the broader market," another dealer told Dow Jones Newswires."Rotational interest in a handful of blue-chip stocks and index-linked heavyweights kept the benchmark in positive territory," the dealer added.
The Finance Index rose 34.81 points to 8,030.02, the Industrial Index gained 2.25 points to 2,245.21 and the Plantation Index added 11.05 points to 5,091.31.The FBMEmas was 6.08 points higher at 6,764.00, the FBM30 went up by 39.12 points to 6,492.14, but the FBM2BRD dipped 128.79 points to 4,526.424 and the FBM-MDQ declined 91.32 points to 3,994.05.
Losers outnumbered gainers by 580 to 169 while 169 counters were unchanged, 317 untraded and 32 suspended.Volume decreased to 2.067 billion shares worth RM1.697 billion from 2.692 billion shares valued at RM1.895 billion on Thursday.
Among the active stocks, KNM slipped five sen to 76.5 sen, TA-WB and Talam lost two sen each to four sen and 10.5 sen respectively and Iris went down 1.5 sen to 19.5 sen.As for the heavyweights, Sime Darby went up five sen to RM6.60, Maybank gained two sen to RM5, while Tenaga and Bumiputra-Commerce each rose 15 sen to RM7.40 and RM9
respectively.Meanwhile, the KLCI futures contracts on Bursa Malaysia Derivatives closed firmer on the back of a mixed cash market, dealers said.The spot month May 2009 added 7.0 points to close at 1,010.0, June 2009 went up 6.0 points to 1,007.0, September 2009 rose 5.5 points to 997.0 and December 2009 gained 4.5 points to 990.5.Yesterday's volume decreased to 7,291 lots from the 8,634 lots on Thursday with open interests amounting to 21,270 contracts against the 21,715 contracts previously. - Bernama, AFP
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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