Monday, 19 December 2011

KL shares open marginally higher

Share prices on Bursa Malaysia opened slightly higher today.

At 9.15am, the FBM KLCI edged up 1.17 points to 1,467.39 after opening at 1,466.78.

Dealers said investors remained cautious due to mixed performance on Wall Street last Friday as Fitch Ratings lowered France’s credit outlook.

Fitch Ratings also put Spain, Italy, Belgium, Slovenia, Ireland and Cyprus on a “Rating Watch Negative” review, which is expected to be completed by end-January, dealers said.

HwangDBS Vickers Research said the Malaysian bourse might trade with a downward bias today towards its immediate support level of 1,445.

The Finance Index dropped 18.83 points to 13,139.76, the Plantation Index surged 1.32 points to 7,865.43 and the Industrial Index perked up 5.87 points to 2,655.39.

The FBM Emas Index was up 11.67 points to 10,066.16, the FBM Mid 70 Index jumped 31.39 points to 11,091.97 and the FBM ACE Index declined 0.06 of a point to 4,133.19.

Gainers led losers by 105 to 72 while 117 counters were unchanged.

Turnover stood at 112.34 million shares worth RM40.909 million.

Among the active counters, Wijaya Baru Global-Wa added half a sen to 45.5 sen, Astral Supreme rose 1.5 sen to 22.5 and Kurnia Asia was flat at 60.5 sen.

Among the heavyweights, Maybank fell one sen to RM8.20, CIMB was unchanged at RM7.00 but Sime Darby rose two sen to RM8.98. -- Bernama

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