Share prices on Bursa Malaysia ended mixed yesterday, with buying interest in heavyweights sustaining the market, said dealers.
The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) closed 6.27 points higher at 1,208.35 after opening 0.33 point up at 1,202.41.
The dealers said that despite disappointing US jobs and manufacturing data, the local bourse fared better than some regional markets.
"There was some institutional interest in heavyweights which pushed up the benchmark, while early gains on more speculative stocks gave way to sporadic profit-taking in the afternoon session," a dealer told Dow Jones Newswires.
Among the other indices, the FBMEmas rose 24.46 points to 8,122.33, the FBM Top 100 increased 26.47 points to 7,917.24, the FBM70 went down 30.97 points to 7,994.13 and the FBM ACE Index climbed 22.83 points to 4,090.5. The Technology Index edged up 0.34 point to 16.58, the Finance Index advanced 26.45 points to 9,971.93, the Plantation Index went up 8.95 points to 5,898.99 and the Industrial Index increased 6.16 points at 2,633.27.
Losers led gainers by 307 to 280 while 231 counters were unchanged and 443 others untraded.
Turnover dropped to 521.508 million shares worth RM822.688 million from 695.254 million shares worth RM1.051 billion on Wednesday.
Of the top gainers, British American Tobacco rose 92 sen to RM44.96, Hai O gained 31 sen to RM6.34 and Mamee rose 20 sen to RM3.04.
The top losers included DFZ which fell 23 sen to RM4.47, Litrak, which slid 17 sen to RM2.75, and F&N, which decreased 14 sen to RM10.18.
Leading the actives, KNM increased half sen to 75 sen, while HLSCorp shed 4.5 sen to 28 sen and SAAG declined half sen to 21 sen.
In the heavyweight category, Sime Darby climbed 4 sen to RM8.54, Maybank advanced 3 sen to RM6.68 while CIMB Group and Tenaga Nasional each went up 2 sen to RM11.12 and RM8.21 respectively.
Meanwhile, FBM KLCI futures on Bursa Malaysia Derivatives ended firmer on the back of a mixed trend in the cash market.
October 2009 and December 2009 rose 3 points each to 1,209 and 1,208.5 respectively, while March 2010 was 2.5 points higher at 1,206.5.
Turnover, however, fell to 3,789 lots from 7,136 lots on Thursday and open interests dipped to 14,143 contracts from 18,629 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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