Published: 2009/06/24
MALAYSIAN shares closed up 1.28 per cent today driven by strong gains in property and construction stocks and selected blue-chips, dealers said.The Kuala Lumpur Composite Index gained 13.37 points to 1,057.85. Advancers outpaced losers 594 to 120.
“Sentiment was distinctly more bullish today as some local funds embarked on a bargain-hunting spree for attractively priced stocks,” a dealer told Dow Jones Newswires. The key index is tipped to trade between 1,046 and 1,070 points tomorrow.
Among advancers, Genting rose 5.60 per cent to RM5.70t, Tenaga added 2.1 per cent to RM7.55, Maybank was up 2.70 per cent to RM5.75 and IOI Corp gained 2.2 per cent to RM4.62. - AFP