February 2, 2010

KL shares extend uptrend at mid-morning

SHARE prices on Bursa Malaysia extended their uptrend at mid-morning following overnight gains on Wall Street, dealers said.

Positive economic news and earnings report from the United States renewed investors' sentiment, they said.

As at 11.10am, the benchmark FTSE Bursa Malaysia Composite Index (FBM KLCI) was 5.27 points higher at 1,264.43 after opening 6.61 points better at 1,265.77.

Bursa Malaysia's Finance Index surged 47.74 points to 11,126.53, the Industrial Index rose 5.91 points to 2,591.95 and the Plantation Index gained 5.80 points to 6,193.93.

The FBM Emas Index increased 38.6 points to 8,522.6, the FBM Ace Index declined 22.82 points to 4,359.35 and the FBM70 Index rose 44.54 points to 8,370.76.

Advancers led decliners 373 to 154 while 216 counters remained unchanged and 574 others untraded.

Volume stood at 364.320 million shares worth RM401.470 million.

Heavyweights Sime Darby declined three sen to RM8.50, Maybank gained five sen to RM6.84, CIMB Group Holdings was flat at RM12.66 and Maxis remained at RM5.38.

As for actives, LCL Corporation gained 4.5 sen to 30.5 sen, Talam rose half a sen to 12.5, Focus Dynamics Technologies declined half a sen to 11.5 sen and Linear Corporation rose seven sen to 61 sen.

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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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