Share prices on Bursa Malaysia remained higher at mid-afternoon today as the bullish momentum continued following positive developments in the eurozone, dealers said.
At 3pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,485.96, up 0.94 per cent or 13.86 points, mostly boosted by gains in finance stocks. It had opened 14.82 points higher at 1,486.92.
The positive local bourse was in line with regional markets as investors' risk appetite continued to improve, following joint action from the world's leading central banks to inject liquidity into the global financial system.
Central banks in the United States, Europe, the United Kingdom, Canada, Japan and Switzerland took coordinated action to lower the cost of US dollar borrowings in a global effort to ease Europe's sovereign-debt crisis.
A dealer said while the move will boost confidence on the local bourse, the impact would be short-term, as there is still a lack of strong drivers to move the market.
The dealer said this was seen as the key FBM KLCI traded in a tight range of 1,485 after breaking the 1,500 mark earlier.
On Bursa Malaysia, advancers led decliners by 531 to 242 while 252 counters were unchanged. Volume stood at 1.09 billion shares worth RM1.16 billion.
The Finance Index advanced 167.06 points to 13,324.82, the Plantation Index jumped 126.50 points to 7,816.52 and the Industrial Index gained 36.45 points to 2,671.66.
The FTSE Bursa Malaysia Emas Index perked 90.97 points to 10,154.96 and the FTSE Bursa Malaysia Mid 70 Index added 76.01 points to 10,995.10.
The FTSE Bursa Malaysia Ace Index, however, slipped 4.06 points to 4,131.06. Among active counters, 1 Utopia rose one sen to nine sen, Extol MSC was up two sen to 19.5 sen while Compugates lost half sen to 8.5 sen.
As for the heavyweights, Maybank advanced nine sen to RM8.39, Sime Darby increased three sen to RM9.03 and CIMB added five sen to RM7.19. -- Bernama
At 3pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,485.96, up 0.94 per cent or 13.86 points, mostly boosted by gains in finance stocks. It had opened 14.82 points higher at 1,486.92.
The positive local bourse was in line with regional markets as investors' risk appetite continued to improve, following joint action from the world's leading central banks to inject liquidity into the global financial system.
Central banks in the United States, Europe, the United Kingdom, Canada, Japan and Switzerland took coordinated action to lower the cost of US dollar borrowings in a global effort to ease Europe's sovereign-debt crisis.
A dealer said while the move will boost confidence on the local bourse, the impact would be short-term, as there is still a lack of strong drivers to move the market.
The dealer said this was seen as the key FBM KLCI traded in a tight range of 1,485 after breaking the 1,500 mark earlier.
On Bursa Malaysia, advancers led decliners by 531 to 242 while 252 counters were unchanged. Volume stood at 1.09 billion shares worth RM1.16 billion.
The Finance Index advanced 167.06 points to 13,324.82, the Plantation Index jumped 126.50 points to 7,816.52 and the Industrial Index gained 36.45 points to 2,671.66.
The FTSE Bursa Malaysia Emas Index perked 90.97 points to 10,154.96 and the FTSE Bursa Malaysia Mid 70 Index added 76.01 points to 10,995.10.
The FTSE Bursa Malaysia Ace Index, however, slipped 4.06 points to 4,131.06. Among active counters, 1 Utopia rose one sen to nine sen, Extol MSC was up two sen to 19.5 sen while Compugates lost half sen to 8.5 sen.
As for the heavyweights, Maybank advanced nine sen to RM8.39, Sime Darby increased three sen to RM9.03 and CIMB added five sen to RM7.19. -- Bernama
