Share prices on Bursa Malaysia retained the uptrend at midday today in line with the rebound on regional Asian markets following signs of progress in resolving the eurozone debt crisis.
Affin Investment Bank, Head of Retail Research, Dr Nazri Khan said the new leadership in Greece and Italy had brought about optimism in tackling the debt crisis as well as calmness on global markets.
"The FBM KLCI found its support at 1,460. The market is expected to stage a further technical rebound with an improved sentiment on global markets," he told Bernama.
At midday, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 3.75 points to 1,476.40 after opening 1.97 points higher at 1,474.62.
The Finance Index, gained 22.65 points to 13,206.12 and the Plantation Index rose 55.62 points to 7,542.54 and the Industrial Index increased 0.87 of a point to 2,696.92.
The FBM Emas Index rose 37.14 points to 10,080.56, the FBM Mid 70 Index added 65.609 points to 10,869.01 but the FBM ACE Index declined 12.42 points to 4,248.05.
Gainers beat losers 411 to 203 with 262 counters unchanged, 608 counters untraded and 24 others suspended. Turnover stood at 1.27 billion shares worth RM583.70 million.
Newly-listed iDimension Consolidated Bhd, which made its debut on the ACE Market today, gained 2.5 sen to 40.5 sen after opening at 48 sen, which was 10 sen above its 38 sen issue price with 2.8 million units traded.
For other actives, Compugates Holdings was unchanged at eight sen, Marco Holdings Warrants rose one sen to 6.5 sen and Takaso Resources gained four sen to 22.5 sen.
Among heavyweights, Maybank was unchanged at RM8.24, CIMB rose one sen to RM7.27, Sime Darby increased four sen to RM8.90 and Petronas Chemicals slipped one sen to RM6.38. -- Bernama
Affin Investment Bank, Head of Retail Research, Dr Nazri Khan said the new leadership in Greece and Italy had brought about optimism in tackling the debt crisis as well as calmness on global markets.
"The FBM KLCI found its support at 1,460. The market is expected to stage a further technical rebound with an improved sentiment on global markets," he told Bernama.
At midday, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 3.75 points to 1,476.40 after opening 1.97 points higher at 1,474.62.
The Finance Index, gained 22.65 points to 13,206.12 and the Plantation Index rose 55.62 points to 7,542.54 and the Industrial Index increased 0.87 of a point to 2,696.92.
The FBM Emas Index rose 37.14 points to 10,080.56, the FBM Mid 70 Index added 65.609 points to 10,869.01 but the FBM ACE Index declined 12.42 points to 4,248.05.
Gainers beat losers 411 to 203 with 262 counters unchanged, 608 counters untraded and 24 others suspended. Turnover stood at 1.27 billion shares worth RM583.70 million.
Newly-listed iDimension Consolidated Bhd, which made its debut on the ACE Market today, gained 2.5 sen to 40.5 sen after opening at 48 sen, which was 10 sen above its 38 sen issue price with 2.8 million units traded.
For other actives, Compugates Holdings was unchanged at eight sen, Marco Holdings Warrants rose one sen to 6.5 sen and Takaso Resources gained four sen to 22.5 sen.
Among heavyweights, Maybank was unchanged at RM8.24, CIMB rose one sen to RM7.27, Sime Darby increased four sen to RM8.90 and Petronas Chemicals slipped one sen to RM6.38. -- Bernama
