Tuesday 25 October 2011

KL shares end mixed

KUALA LUMPUR: Bursa Malaysia closed mixed today with the benchmark index recouping its earlier losses as key heavyweight counters staged a late rebound in line with the mixed trading on regional marts, dealers said.

The benchmark FBM KLCI rose 7.78 points, or 0.54 per cent, to close at 1,457.80, after opening 3.44 points better at 1,453.46.

The benchmark index moved between 1,448.12 and 1,457.80.

A dealer said the market saw late bargain hunting which managed to reverse the earlier easy trend.

"However, the players are still cautious ahead of tomorrow's meeting by European policymakers to resolve the eurozone debt crisis," he said.

The Finance Index rose 46.649 points to 13,147.14, Plantation Index added 31.86 points to 7,386.56 and the Industrial Index gained 21.30 points to 2,685.02.

The FBM Emas Index advanced 43.5 points to 9,928.19, FBM70 Index was up 50.25 points to 10,658.68 and FBMT100 jumped 50.77 points to 9,751.06.

The FBM Ace, however, eased 43.21 points to 3,973.69.

Decliners led losers by 373 to 299 while 289 counters were unchanged, 500 untraded and 26 others were suspended.

Turnover declined to 950.64 million worth RM1.075 billion from 1.238 billion shares worth RM1.3 billion yesterday.

Volume on the Main Market fell to 697.91 million shares worth RM1.044 billion from 936.677 million shares worth RM1.28 billion Monday.

Turnover on the ACE market declined to 182.04 million units valued at RM24.943 million from 193.184 million units valued at RM24.509 million previously.

Warrants fell to 67.022 million shares worth RM5.11 million from 105.430 million shares worth RM7.119 million yesterday

Among actives, REDtone International earned 1.5 sen to 29.5 sen and AirAsia rose four sen to RM3.88.

The Media Shoppe and Systech, however, fell one sen each to 9.5 sen and 11 sen respectively.

Of the heavyweights, Maybank added two sen to RM8.27, CIMB increased seven sen to RM7.26, Sime Darby earned 21 sen to RM8.85 and Petronas Chemical added three sen to RM6.19.

Consumer products accounted for 29.18 million shares traded on the Main Market; industrial products 205.09 million; construction 32.62 million; trade and services 187.84 million; technology 22.43 million; infrastructure 18.22 million; finance 106.112 million; hotels 672,9000 properties 72.69 million; plantation 21.61 million; mining 65,000; REITs 1.33 million; and closed/fund 52,900 -- BERNAMA
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