Friday 11 November 2011

KL shares wring gains in early trade

Share prices on Bursa Malaysia opened marginally higher in early trading today, recovering from yesterday's losses in tandem with the rebound in US stocks and easing debt crisis fears in Europe, dealers said.

As at 9.15am, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 2.34 points to 1,474.99 after opening 1.97 points higher at 1,474.62.

The Finance Index, however lost 1.189 points to 13,182.28, the Plantation Index rose 40.09 points to 7,527.01 and the Industrial Index shed 4.95 points to 2,691.10.

The FBM Emas Index rose 19.88 points to 10,063.30, the FBM Mid 70 Index added 18.38 points to 10,821.78 and the FBM ACE Index advanced 18.28 points to 4,278.75.

Gainers beat losers 216 to 40, 143 counters unchanged, 1,085 untraded and 24 suspended. Turnover stood at 261.6 million shares worth RM84.9 million.

Newly-listed iDimension Consolidated Bhd, which made its debut on the ACE Market today, gained 4.5 sen to 42.5 sen after opening at 48 sen, 10 sen above its 38 sen issue price with 2.8 million units traded.

Other active counters, Compugates Holdings was unchanged at eight sen, Jotech Holdings warrants earned one sen to seven sen and JCY International increased two sen to 71.5 sen.

Heavyweights, Maybank was unchanged at RM8.24, CIMB rose three sen to RM7.29, Sime Darby slipped three sen to RM8.83 and Petronas Chemicals gained one sen to RM6.40. -- Bernama
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