KUALA LUMPUR:Share prices on Bursa Malaysia were higher at mid-day today with plantation stocks leading gains, dealers said.
At lunch break, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.09 points or 0.21 per cent to 1,467.2.
Plantation stocks which retreated after a recent sell-off, saw the likes of PPB Group today, rising 26 sen to RM16.66 and KLK gaining 16 sen to RM22.28.
However, according to HwangDBS Vickers Research, the benchmark index will probably struggle to overcome the immediate resistance threshold of 1,475 moving ahead.
The research house reckons that the local bourse might not show much upside after outperforming regional peers yesterday.
It said the market could see an added interest in Proton on reports that it would be taken over at about RM6 per share and Coastal Contracts having secured RM233 million vessel contracts.
The Finance Index fell 4.68 points to 13,073.7 and the Plantation Index shed 7.91 points to 7,898.18 but the Industrial Index rose 8.63 points to 2,653.77.
The FBM Emas Index increased 10.75 points to 13,089.13, the FBM Mid 70 Index added 46.021 points to 11,077.41 and the FBM ACE Index gained 18.29 points to 4,132.49.
Gainers led losers by 324 to 291 with 274 counters traded unchanged.
Turnover stood at 974.25 million lots worth RM555.68 million.
For the actives, JCY-CD was flat at 31 sen, Proton-CG lost 3.5 sen to 54 sen and Proton-CH fell four sen to 46 sen.
Among heavyweights, Maybank declined two sen to RM8.21, Sime Darby rose four sen to RM8.99 and CIMB was up one sen at RM6.93. - Bernama
At lunch break, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.09 points or 0.21 per cent to 1,467.2.
Plantation stocks which retreated after a recent sell-off, saw the likes of PPB Group today, rising 26 sen to RM16.66 and KLK gaining 16 sen to RM22.28.
However, according to HwangDBS Vickers Research, the benchmark index will probably struggle to overcome the immediate resistance threshold of 1,475 moving ahead.
The research house reckons that the local bourse might not show much upside after outperforming regional peers yesterday.
It said the market could see an added interest in Proton on reports that it would be taken over at about RM6 per share and Coastal Contracts having secured RM233 million vessel contracts.
The Finance Index fell 4.68 points to 13,073.7 and the Plantation Index shed 7.91 points to 7,898.18 but the Industrial Index rose 8.63 points to 2,653.77.
The FBM Emas Index increased 10.75 points to 13,089.13, the FBM Mid 70 Index added 46.021 points to 11,077.41 and the FBM ACE Index gained 18.29 points to 4,132.49.
Gainers led losers by 324 to 291 with 274 counters traded unchanged.
Turnover stood at 974.25 million lots worth RM555.68 million.
For the actives, JCY-CD was flat at 31 sen, Proton-CG lost 3.5 sen to 54 sen and Proton-CH fell four sen to 46 sen.
Among heavyweights, Maybank declined two sen to RM8.21, Sime Darby rose four sen to RM8.99 and CIMB was up one sen at RM6.93. - Bernama
