Thursday 29 December 2011

KL shares mixed amid cautious sentiment

Shares on Bursa Malaysia were mixed mid-morning as investors were reluctant to take risk ahead of the year-end, dealers said.

At 10.50am, the underlying FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,504.08, down by a mere 0.03 point, after opening 4.06 points lower at 1,500.05.

Volume stood at 467.99 million worth RM240.12 million, with gainers outpacing losers 218 to 200.

A dealer said the key index held steady at its crucial 1,500 mark supported by fund buying in selected heavyweights and also interest in financial counters.

CIMB rose four sen to RM7.14, RHB Capital advanced eight sen to RM7.21 and Hong Leong Bank gained six sen to RM10.90.

The Finance Index jumped 31.62 points to 13,405.84, the Industrial Index added 9.34 points to 2,717.36 while the Plantation Index slipped 17.34 points to 8,051.52.

The FTSE Bursa Malaysia Emas Index gained 1.35 points to 10,320.04, the FTSE Bursa Malaysia Ace Index rose 6.28 points to 4,061.08 while the FTSE Bursa Malaysia Mid 70 Index declined 7.36 points to 11,428.94.

Among the active counters, 1 Utopia was unchanged at 7.5 sen, Wijaya-Warrants rose 3.5 sen to 42.5 sen and JCY-Call Warrant perked one sen to 45 sen.

Among heavyweights, Maybank was flat at RM8.34, Sime Darby gained three sen to RM9.02 while Petronas Chemicals shed one sen to RM6.14. -- Bernama



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