Shares on the Kuala Lumpur stock exchange closed higher yesterday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) hitting a new 52-week high of 1,218.
The last 14-month high was hit on September 8 at 1,202.
Dealers said advances in US stocks and Asian bourses helped to push up the key benchmark index.
US stocks accelerated, for a third day on Wednesday, driven by positive economic data and confidence that the economy was returning to the growth path.
However, continued profit taking narrowed overall gains on Bursa with investors eager to cash in on profits ahead of the Hari Raya holidays.
The FBM KLCI closed 5.82 points higher at 1,218.8 after opening 6.49 points higher at 1,219.47.
The FBMEmas increased 40.62 points to 8,197.82, the FBM Top 100 increased 39.86 points to 7,991.63 and the FBM70 added 46.93 points to 8,092.5 but the FBM ACE index declined 21.54 points to 4,050.72.
The Technology Index increased 0.01 of a point to 16.35, the Finance Index advanced 86.62 points to 9,962.02, the Plantation Index added 57.95 points to 5,980.36 and the Industrial Index was 0.99 of a point lower at 2,663.34.
Advancers led decliners 371 to 217 while 251 counters were unchanged and 416 others untraded.
Among actives, the KNM Group rose three sen to 80.5 sen, Ingress Corporation gained 24.5 sen to 58.5 sen, SAAG Consolidated declined half a sen to 24.5 sen and TAS Offshore increased 2 sen to 84 sen.
As for the heavyweights, Genting rose 12 sen to RM7.10, RHB Capital gained 10 sen to RM5.11, AMMB Holdings increased 5 sen to RM4.35 and CIMB Group Holdings added 8 sen to RM11.26.
Main market turnover increased to 773.928 million shares worth RM1.22 billion from 724.41 million shares worth RM1.326 billion yesterday.
The FBM KLCI futures closed mixed yesterday as profit taking emerged to trim earlier gains, dealers said.
Dealers said investors were eager to cash in on profits ahead of the Hari Raya holiday.
September 2009 declined two points to 1,216, October 2009 decreased three points to 1,215, December 2009 gained two points to 1,214.5 and March 2010 increased three points to 1,209.
Turnover declined to 4,286 lots from 4,768 lots on Wednesday while open interests was higher at 16,685 contracts from 16,589 contracts previously. - 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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