Published: 2009/09/29
SHARE prices on Bursa Malaysia ended firmer today on bargain hunting in line with regional trends, dealers said.
They said the regional sentiment was up following a rebound in the US market sparked by news of several corporate takeovers.
At the close, the FTSE Bursa Malaysia Kuala Lumpur Composite Index rose 2.26 points to 1,208.21 after opening 2.42 points higher at 1,208.37.
"The buying today picked up dramatically over the news from the US and was in line with regional markets," said TA Securities analyst Stephen Soo.
He expected the support level to be at 1,200 while resistance at 1,220.
The FBMEmas gained 19.66 points to 8,137.72, the FBM Top 100 increased 18.62 points to 7,927.54, the FBM70 jumped 33.89 points to 8,048.95 and the FBM ACE Index advanced 46.53 points to 4,023.91.
The Technology Index edged up 0.08 of a point to 16.36, the Finance Index went up 39.57 points to 9,974.11, the Plantation Index inched up 0.99 of a point to 5,910.13 and the Industrial Index gained 3.13 points at 2,648.42.
Gainers led losers by 369 to 239 while 265 counters were unchanged and 385 untraded.
Turnover rose to 594.587 million shares worth RM720.739 million from 454.117 million shares worth RM605.403 million yesterday.
Bernama
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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