Thursday 24 November 2011

KL shares higher at mid-day

Share prices on Bursa Malaysia staged a recovery from recent losses at mid-day today, led by gains in banking stocks and selected bluechips, dealers said.

The FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.67 points to 1,438.84, after opening 1.26 points lower at 1,431.91.

Asian markets put on a mixed performance on some mild recovery following the recent sell-down. However, sentiment remained cautious in view of growing concerns over the impact of the eurozone debt crisis and as China's manufacturing activity weakened with the poor global economic outlook, a dealer said.

The Finance Index, gained 71.83 points to 12,850.60 and the Plantation Index increased 16.31 points to 7,587.52, while the Industrial Index increased 13.25 points to 2,629.

The FBM Emas Index rose 36.29 points to 9,858.97, the FBM70 Index rose 37.07 points to 10,733.08, the FBM Top 100 Index increased 37.11 points to 9,665.45 and the FBM ACE Index increased 18.38 points to 4,148.58.

Advancers led decliners 331 to 258 while 239 counters were unchanged, 645 untraded and 16 others suspended. Volume stood at 789.4 million shares worth RM448.5 million.

Among active counters, MBF Holdings warrants rose eight sen to 33.5 sen, Compugates Holdings declined half a sen to 7.5 sen, Sumatec Resources declined four sen to 24.5 sen and KNM Group slipped nine sen to RM1.03.

For the heavyweights, Maybank gained one sen to RM8.18, CIMB rose nine sen to RM6.77, AMMB Holdings increased two sen to RM5.53 and Sime Darby increased 10 sen to RM8.83. -- Bernama



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