SHARE prices on Bursa Malaysia started the day steadier, led by gains on heavyweights after yesterday's fall.
Dealers said the overall sentiment seemed to have improved following Wall Street's rise overnight.
The benchmark FTSE Bursa Malaysia (FBM) Kuala Lumpur Composite Index, which ended yesterday at its lowest since Nov 30, rose 4.99 points to 1,260.65 after 15 minutes into the session. It had opened 3.23 points higher at 1,258.89.
The FBM Emas Index added 29.71 points to 8,398.84 and the FBM Top 100 Index rose 30.46 points to 8,220.92. The FBM 70 Index went up 22.02 points to 8,146.80 and the FBM Ace Index perked 10.68 points to 4,195.60.
The Finance Index increased 48.85 points to 10,892.92, pushed by Maybank that gained four sen to RM6.76 and CIMB Group that rose eight sen to RM12.88.
The Plantation Index was up 18.54 points to 6,300.42 although crude palm oil futures prices had gone down 2.5 per cent yesterday after touching a six-and-a-half month high last week.
Accordingly, major plantation stocks like Sime Darby rose 10 sen to RM8.99 and IOI Corp added four sen to RM5.44.
The Industrial Index increased 12.53 points to 2,660.15 as the industry's performance was up with October's Industrial Production Index (IPI) recording the first positive year-on-year growth.
The IPI rose 0.7 per cent in October compared with a six per cent contraction in September.
There were 99 gainers and 33 losers while 68 other stocks remained unchanged.
Volume stood at 30.239 million shares worth RM24.222 million.
Trading in the shares of Malaysia Airlines was suspended pending an announcement on material transactions. It was last traded at RM3.05
The company had told Bursa Malaysia that the transactions would involve a fundraising exercise and a related party transaction which the percentage ratio is equal to or exceed 25 per cent.
Industrial-based Denko Industrial was the most active stock, rising by half a sen to 13.5 sen with 9.504 million shares changing hands.
It was followed by China-based sportswear company Xidelang which fell 1.5 sen to 52.5 sen and Jerneh Asia Warrants which rose 14.5 sen to 91.5 sen.
Largest telco Maxis rose five sen to RM5.43 and utility giant Tenaga Nasional added four sen to RM8.37. - 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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