Monday 12 December 2011

KL shares firmer at mid-day

Share prices on Bursa Malaysia ended the morning session in positive territory today with continued gains seen in selected bluechips, dealers said.

At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was up 11.72 points to 1,471.85, 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 a firmer overnight 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 120.271 points to 13,061.16 and the Plantation Index jumped 58.41 points to 7,919.1 while the Industrial Index added 11.1 points to 2,661.06.

The FTSE Bursa Malaysia Emas Index increased 74.141 points to 10,073.69, the Ace Index gained 15.45 points to 4,189.9 and the Mid 70 Index went up 79.14 points to 10,994.85.

Gainers led losers 336 to 250 while 290 counters were unchanged with 601 untraded and 18 others suspended. Trading volume stood at 874.853 million shares valued at RM493.640 million.

For the actives, 1 Utopia Bhd-WA and 1 Utopia Bhd were unchanged at five sen and 11.5 sen respectively, Proton Holding - CG went up five sen to 36 sen and LFE Corp Bhd perked 4.5 sen to 27 sen while Compugates Holdings Bhd lost a sen to six sen.

Among heavyweights, Maybank added three sen to RM8.18, CIMB rose 11 sen to RM7, Sime Darby climbed a sen to RM8.91, Petronas Chemicals increased nine sen to RM6.09 and Tenaga Nasional Bhd gained three sen to RM5.56. -- Bernama



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