Share prices on Bursa Malaysia rallied at at midmorning today, leveraged by strong gains in selected bluechip counters, dealers said.
At 11.02 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was up 9.63 points to 1,480.56, after opening 9.29 points higher at 1,480.22 which was in line with the bullish movement on regional markets.
The market was also lifted today by MBM Resources Bhd's plan to undertake a conditional takeover offer, to acquire all shares and warrants in Hirotako Holdings Bhd at 97 sen per share and half-a-sen per warrant.
MBM's share price rose one sen to RM3.11, while Hirotako gained six sen to 94 sen.
The Finance Index rose 112.01 points to 13,403.34, the Industrial Index added 2.82 points to 2,704.16 and the Plantation Index increased 32.97 points to 7,525.43.
The FBM Emas was up 73.21 points to 10,122.35, the FBMT100 gained 73.67 points to 9,938.02 and the FBM Ace added 43.60 points to 4,106.57 while the FBM70 improved 118.32 points to 11,004.63.
Gainers led losers by 464 to 201 while 281 counters were unchanged, 530 untraded and 24 others suspended.
Trading volume stood at 945.691 million shares worth RM787.843 million.
Of the active counters, Compugates rose one sen to seven sen, Tiger Synergy added half-a-sen to 12 sen, Time DotCom rose two sen to 64.5 sen, while SAAG Consolidated was flat at 7.5 sen.
Among heavyweights, Maybank advanced five sen to RM8.34, CIMB rose 11 sen RM7.39, Sime Darby fell five sen to RM8.80, Petronas Chemicals gained eight sen to RM6.39 and Axiata rose two sen to RM4.88. - Bernama
At 11.02 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was up 9.63 points to 1,480.56, after opening 9.29 points higher at 1,480.22 which was in line with the bullish movement on regional markets.
The market was also lifted today by MBM Resources Bhd's plan to undertake a conditional takeover offer, to acquire all shares and warrants in Hirotako Holdings Bhd at 97 sen per share and half-a-sen per warrant.
MBM's share price rose one sen to RM3.11, while Hirotako gained six sen to 94 sen.
The Finance Index rose 112.01 points to 13,403.34, the Industrial Index added 2.82 points to 2,704.16 and the Plantation Index increased 32.97 points to 7,525.43.
The FBM Emas was up 73.21 points to 10,122.35, the FBMT100 gained 73.67 points to 9,938.02 and the FBM Ace added 43.60 points to 4,106.57 while the FBM70 improved 118.32 points to 11,004.63.
Gainers led losers by 464 to 201 while 281 counters were unchanged, 530 untraded and 24 others suspended.
Trading volume stood at 945.691 million shares worth RM787.843 million.
Of the active counters, Compugates rose one sen to seven sen, Tiger Synergy added half-a-sen to 12 sen, Time DotCom rose two sen to 64.5 sen, while SAAG Consolidated was flat at 7.5 sen.
Among heavyweights, Maybank advanced five sen to RM8.34, CIMB rose 11 sen RM7.39, Sime Darby fell five sen to RM8.80, Petronas Chemicals gained eight sen to RM6.39 and Axiata rose two sen to RM4.88. - Bernama
