Wednesday 9 November 2011

KL shares higher at mid-afternoon

Share prices on Bursa Malaysia sustained the uptrend at mid-afternoon today on continued buying momentum following the firmer overnight Wall Street, dealers said.

The dealers also said the improved sentiment on regional markets was driven by the latest news on developments in Italy's debt crisis.

News of Italian Prime Minister Silvio Berlusconi's impending resignation lifted confidence that a new leader will act more effectively to tackle the country's debt woes.

As at 3.46 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 5.69 points higher at 1,486.15 after opening 0.75 of a point better at 1,481.21.

The Finance Index gained 9.69 points to 13,267.28, the Plantation Index improved 15.51 points to 7,573.23 and the Industrial Index increased 12.69 points to 2,719.18.

The FBM Emas Index advanced 45.61 points to 10,135.25, the FBM Mid 70 Index perked 46.84 points to 10,903.55 and the FBM ACE Index advanced 27.69 points to 4,248.47.

Gainers beat losers 532 to 192 with 275 counters unchanged, 470 untraded and 21 others suspended. Turnover stood at 2.177 billion shares worth RM1.292 million.

Of the actives, Hibiscus Petroleum warrant gained 5.5 sen to 47 sen, Tejari Technologies rose half a sen to nine sen, Astral Supreme rose 1.5 sen to 19.5 sen and Emico Holdings increased 19.5 sen to 39.5 sen.

Among heavyweights, Maybank was unchanged at RM8.22, CIMB slipped one sen to RM7.31, Sime Darby added eight sen to RM8.88 and Petronas Chemicals Group earned three sen to RM6.44. -- Bernama
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