Friday 28 October 2011

FBMKLCI rises 0.8pc at midday

Share prices ended the morning session higher today in line with the positive movement on regional markets, prompted by Europe's decision to boost the region's rescue fund and ease the debt crisis, dealers said.

At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 11.47 points to 1,482.40, after opening 9.29 points higher at 1,480.22.

The benchmark index moved between a high of 1,488.20 and fell to a low of 1,480.22.

Hong Leong Investment Bank said riding on the overnight bullish Wall Street and Europe markets, the FBM KLCI is expected to continue its uptrend towards the 1,500 psychological barrier after a mild profit taking consolidation.

The Finance Index rose 103.08 points to 13,394.41, the Industrial Index added 4.88 points to 2,706.22 and the Plantation Index advanced 35.65 points to 7,528.11.

The FBM Emas gained 79.58 points to 10,128.72, the FBMT100 increased 81.971 points to 9,946.32 and the FBM Ace Index added 21.23 points to 4,084.20, while the FBM 70 Index increased 110.90 points to 10,997.21.

Advancers led decliners by 456 to 260 while 303 counters were unchanged, 457 untraded and 25 others suspended.

Trading was firm with a total volume of 1.215 billion shares worth RM1.126 billion.

Of the active counters, Hubline and Compugates added half-a-sen each to 10 sen and 6.5 sen respectively, while GPRO Technologies and Time DotCom gained 1.5 sen each to 21 sen and 64 sen.

Among heavyweights, Maybank increased five sen to RM8.34, CIMB jumped 11 sen to RM7.39, Sime Darby was down three sen to RM8.82 and Petronas Chemicals earned nine sen to RM6.40. -- Bernama
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