January 19, 2010

KL shares stay firm at midmorning

Share prices on Bursa Malaysia remained firm as at midmorning today with gains led by finance counter Public Bank, amid an anticipation of better than expected earnings, a dealer said.

At 11.15am, the benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) was 2.01 points firmer at 1,300. It had opened 0.39 of a point higher at 1,298.38.

Bursa Malaysia's Finance Index meanwhile, rose 51.329 points to 11,396.81,the Industrial Index slipped 2.37 points to 2,711.18 and the Plantation Index leaped 10.82 points to 6,486.59.

The FBM Emas Index climbed 15.95 points to 8,787.82, the FBM Top 100 Index improved 14.71 points to 8,521.9, the FBM Ace Index dropped 30.43 points to 4,700.74 and the FBM70 Index gained 20.98 points to 8,621.41.



Gainers just edged out losers 285 to 284 while 266 counters remained unchanged and 471 others untraded.

Volume stood at 526.040 million shares worth RM440.665 million.

Among active stocks,Cworks Systems inched up half a sen to 19.5 sen, Xidelang perked two sen to 54.5 sen, Dataprep slipped two sen to 45.5 sen and Mems Technology climbed half a sen to 9.5 sen