Tuesday 8 November 2011

KL shares bullish at midday

Share prices on Bursa Malaysia sustained the positive momentum at midday today, in tandem with overnight gains on Wall Street, dealers said.

The dealers also said persistent buying interest, which followed last Friday's uptrend, helped sustain the market momentum.

This is despite the mixed performance of regional Asian markets as sentiment turned cautious with the deepening debt woes in Italy.

The FTSE Bursa Malaysia KLCI (FBM KLCI) was 8.14 points higher at 1,485.65. It had opened 5.77 points higher at 1,483.28.

The Finance Index rose 39.54 points to 13,324.38 and the Plantation Index added 10.53 points to 7,557.42 and the Industrial Index gained 19.60 points to 2,721.30.

The FBM Emas Index advanced 47.67 points to 10,119.82, the FBM Mid 70 Index perked 37.15 points to 10,879.91 and the FBM ACE Index increased 64.05 points to 4,263.99.

Gainers beat losers 380 to 214 with 265 counters unchanged, 613 counters untraded and 21 others suspended. Turnover stood at 954.5 million shares worth RM683.1 million.

For the actives, Karambunai Corp gained one sen to 21.5 sen, Sanichi Technology rose one sen to 9.5 sen, Harvest Court Industries warrants gained 30 sen to RM1.05 and Focus Dynamics Technologies increased 1.5 sen to 12.5 sen.

Among heavyweights, Maybank rose two sen to RM8.25, CIMB Group Holdings gained one sen to RM7.37, Sime Darby increased four sen to RM8.84 and Petronas Chemicals Group added six sen to RM6.37. -- Bernama
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