Monday 12 December 2011

FBM KLCI continues uptrend at mid-afternoon

Share prices on Bursa Malaysia continued the positive momentum at midafternoon today with continued gains seen in selected bluechips, dealers said.

At 2.58 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was up 10 points to 1,470.13, after opening 3.6 points higher at 1,463.73.

A dealer said the uptrend on the local bourse was in line with key regional markets, following last Friday's firmer close on Wall Street as well as positive sentiment from the European region.

Risk appetite also improved on fresh optimism that the eurozone debt crisis could be contained after the pact reached by the European countries for deeper economic integration and a proposal to increase the rescue fund's size.

The Finance Index rose 111.21 points to 13,052.10 and the Plantation Index jumped 60.74 points to 7,921.43 while the Industrial Index added 8.32 points to 2,658.28. The FTSE Bursa Malaysia Emas Index increased 67.26 points to 10,066.81, the Ace Index gained 6.65 points to 4,181.10 and the Mid 70 Index went up 72.50 points to 10,988.21.

Gainers led losers 352 to 274 while 304 counters were unchanged with 547 untraded and 18 others suspended. Trading volume stood at 1.02 billion shares valued at RM586.2 million.

For the actives, 1 Utopia Bhd-WA was unchanged at 5.0 sen, 1 Utopia Bhd rose 0.5 sen to 12 sen, Proton Holding - CG went up 6.0 sen to 37 sen and Sanichi decreased 2.5 sen to 18 sen.

Among heavyweights, Maybank added 3.0 sen to RM8.18, CIMB rose 10 sen to RM6.99, Sime Darby climbed 2.0 sen to RM8.92, Petronas Chemicals increased 8.0 sen to RM6.08 and Tenaga Nasional Bhd gained 2.0 sen to RM5.55. -- Bernama



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