Share prices on Bursa Malaysia ended mostly higher yesterday as investors took up fresh position after "sitting on the fence" for the past two trading days, said dealers.
Dealers said interest was broad-based mainly in property, industrial products and plantation stocks.
The benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) rose 5.88 points to end at 1,218.61 after opening 1.67 points higher at 1,214.40.
Throughout the trading day, the FBM KLCI moved between 1,214.40 and 1,219.41, moving toward the year's highest closing level of 1,221.20 recorded on September 18.
Dealers said local and regional sentiment somewhat improved amid Wall Street's gain, overnight, on rising optimism of an impending economic recovery coupled with strong expectation of better corporate earnings.
On the local bourse, the FBM Emas Index added 56.10 points to 8,190.50, the FBM Top 100 rose 45.05 points to 7,979.39 while the FBM 70 advanced 71.39 points to 8,036.88 but the FBM ACE Index lost 24.98 points to 4,106.12. The Finance Index jumped 69.88 points to 10,113.02, while the Plantation Index increased 54.76 points to 5,920.07 but the Industrial Index went down 0.47 of a point to 2,635.13.
Advancers led decliners 478 to 178 with 218 counters unchanged and 415 others untraded.
Turnover rose to 879.045 million shares worth RM1.312 billion from 641.769 million shares worth RM1.086 billion previously.
Volume leader KNM Group rose three sen to 80 sen with 68.612 million shares traded, followed by Time Engineering which added 7.5 sen to 36 sen, SAAG Consolidated gained 1/2 sen to 21.5 sen and Time DotCom gained 3 sen to 39.5 sen.
Among heavyweights, Sime Darby shed 2 sen to RM8.55, Maybank added 2 sen to RM6.73, CIMB Group rose 10 sen to RM11.60, Tenaga Nasional was flat at RM8.21 and IOI Corp gained 7 sen to RM5.24.
The Main Market turnover increased to 809.876 million shares worth RM1.297 billion from 559.144 million shares valued at RM1.068 billion. The ACE market volume fell to 41.862 million units valued at RM7.916 million from 52.168 million units worth RM10.709 million on Tuesday.
The FBM KLCI futures contracts were firmer at close amid a stronger underlying cash market, dealers said.
October 2009, November 2009 and December 2009 added 6.0 points each to settle at 1,223.5, 1,223.5, and 1,223.0 respectively while March 2010 was 5.5 points higher at 1,221.0.
The FBM KLCI perked 5.88 points to end at 1,218.61.- 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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