Share prices on Bursa Malaysia closed broadly higher yesterday, extending last week's gains and in line with the firmer performance on regional bourses amid rising market optimism, dealers said.
The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) added 4.72 points or 0.376 per cent to 1,261.49, another new high for the year.
Opening 0.99 point higher at 1,257.76, the FBM KLCI moved between 1,255.63 and 1,262.36 throughout the trading session.
Locally, investors interest was seen across the board, they said, adding that the active counters included plantation, finance, industrial and technology.
Among the active plantation stocks were KLK and IOI Corp with KLK rising by 10 sen to RM14.80 and IOI gaining 2 sen to RM5.46, pushing up the market.
"Today's follow-through buying was mainly in key heavyweights and lower liners and the benchmark FTSE Bursa Malaysia kept the local bourse's outlook firmly bullish," said a dealer.
MIMB Investment said technical indicators remained bullish over the longer term despite the choppy October post-festive mood.
The FBM Emas Index rose 26.5 points to 8,486.36, the FBM Top 100 increased 27.57 points to 8,269.95, the FBM 70 gained 14.75 points to 8,368.09 and the FBM ACE Index advanced 123.09 points to 4,434.27.
The Finance Index added 45.729 points to 10,659.6, the Plantation Index climbed 16.35 points to 6,144.54 and the Industrial Index went up 3.94 points to 2,682.79.
Market breadth was positive with gainers outpacing losers by 439 to 291 while 244 were unchanged and 298 untraded.Total turnover rose to 1.334 billion shares valued at RM1.267 billion from 1.147 billion shares worth RM1.217 billion last Friday.
The most active stock was TPC Plus which closed 12 sen higher at 36 sen after moving between 24 sen and 40 sen during trading with 680,343 lots changing hands. Other active stocks were Metronic Global which increased 1 sen to 15.5 sen, DBE Gurney which added 2 sen to 44.5 sen and DPS Resources which rose 4 sen to 20 sen.
Among the heavyweights, Sime Darby went up 2 sen to RM8.77, Maybank declined 2 sen to RM6.93, CIMB gained 18 sen to RM12.52 and Tenaga Nasional advanced 4 sen to RM8.52.
The ACE Market volume increased to 177.340 million shares worth RM31.685 million from 92.466 million shares valued at RM16.006 million previously.
FBM KLCI futures were higher in line with the uptrend on the cash market, dealers said.
October 2009 contracts rose 2 points to 1,265.0, November 2009 gained 3 points to 1,265.0, December 2009 rose 5 points to 1,265.0 and March 2010 added 3 points to 1,264.5. - 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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