Tuesday 29 November 2011

KL shares bullish at afternoon

Shares on Bursa Malaysia ended the morning session today on a bullish note with continued buying interest seen in selected heavyweights, dealers said.

At 12.30pm, the underlying FTSE Bursa Malaysia KLCI (FBM KLCI) gained 1.57 per cent or 22.45 points to 1,454 supported by gains in heavyweights, including CIMB, Genting, Maybank and Tenaga Nasional.

The key index had opened 6.22 points higher at 1,437.77 this morning.

A dealer said the positive local bourse was in tandem with key regional markets, following the firmer overnight close on Wall Street, as well as improved risk appetite on fresh optimism that Europe's debt crisis would be contained.

Furthermore, investor sentiment was buoyed by the robust US Thanksgiving weekend retail sales, the dealer also said, adding, the local bourse is likely to remain in positive territory today.

On Bursa Malaysia, the market breadth was positive with 450 gainers and 183 losers with turnover amounting to 654.64 million shares valued at RM724.88 million.

The Finance Index surged 268.55 points to 13,052.13, the Plantation Index jumped 54.79 points to 7,663.52 and the Industrial Index gained 17.82 points to 2,614.91. The FTSE Bursa Malaysia Emas Index perked 135.45 points to 9,951.42, the Malaysia Mid 70 Index increased 103.62 points to 10,799.53 and the FTSE Bursa Malaysia Ace Index was 19.36 points higher at 4,151.36.

Among actives, Sumatec rose 0.5 sen to 31.5 sen, JCY-Call Warrant was up 4 sen to 25 sen while Sumatec-Warrants declined 0.5 sen to 17.5 sen.

For the heavyweights, Maybank added 11 sen to RM8.06, Sime Darby jumped 18 sen to RM8.84 and CIMB surged 31 sen to RM7.05.-- Bernama



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