Tuesday 29 November 2011

KL shares higher in early session

Shares on Bursa Malaysia were traded higher, in early session, today tracking bullish regional sentiment following a strong overnight close on Wall Street, dealers said.

After 10 minutes of trading, the key FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,439.40, up 0.55 per cent or 7.85 points when compared with Friday's close of 1,431.55. It opened 6.22 points better at 1,437.77 this morning.

The market was closed yesterday for the Awal Muharram holiday.

A dealer said the benchmark index could play catch-up today amid improved risk appetite following fresh optimism that Europe's debt crisis would be contained and a robust US economy.

On Bursa Malaysia, the Finance Index increased 67.75 points to 12,851.33, the Plantation Index perked 20.21 points to 7,628.94 and the Industrial Index rose 8.55 points to 2,605.64.

The FBM Emas Index climbed 57.92 points to 9,873.89, the FBM70 Index surged 74.43 points to 10,770.34 and the FBM ACE Index advanced 28.31 points to 4,160.31.

Gainers led losers 300 to 38 while 101 counters were unchanged, 1,034 untraded and 16 others were suspended. Turnover stood at 134.99 million shares worth RM100.86 million.

Volume leaders, Sumatec Resources rose 0.5 sen to 31.5 sen, Advance Synergy up 2 sen at 22 sen while Sumatec-Warrants was unchanged at 18 sen.

Among heavyweights, Maybank gained 4 sen to RM7.99, Sime Darby jumped 14 sen to RM8.80 and CIMB rose 3 sen to RM6.77. -- Bernama



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