Share prices on Bursa Malaysia ended the morning session mixed today amid weak regional market sentiment and mild profit-taking, dealers said.
The key FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.01 points, or 0.14 per cent, to close at 1,487.27 on selective buying in heavyweights despite the bearish sentiment.
It had opened 4.18 points higher at 1,489.44 in the morning.
A dealer said the local bourse was likely to move narrowly in line with the major regional markets following a mixed performance on Wall Street overnight and absence of market-stimulating news.
Hong Leong Investment Bank Research said the key FBM KLCI was likely to encounter profit-taking but any selling pressures would likely be well-absorbed as technical indicators remained positive.
"As long as the index is able to maintain its posture above the uptrend line support near 1,440, we remain short-term positive on the market," it said in a research note today.
Trading was moderate with volume stood at 810.72 million worth RM541.42 million. Losers led gainers by 332 to 234 while 277 counters were unchanged.
The Plantation Index increased 12.84 points to 7,830.47 and the Industrial Index added 14.69 points to 2,683.95. Finance Index, however, slipped 44.62 points to 13,283.72.
The FTSE Bursa Malaysia Emas Index gained 8.53 points to 10,147.45 and the FTSE Bursa Malaysia Mid 70 Index was 7.73 points higher at 10,965.11. FTSE Bursa Malaysia Ace Index, however, declined 19.66 points to 4,134.64.
Among active stocks, Wijaya-Warrants rose 0.5 sen to 24.5 sen, SYF Res-Warrants up 10 sen to 37 sen and DPS Resources added 1.5 sen to 16.5 sen.
For heavyweights, Maybank dropped 7 sen to RM8.32, CIMB eased 4 sen to RM7.18 while Sime Darby advanced 6 sen to RM9.10. -- Bernama
The key FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.01 points, or 0.14 per cent, to close at 1,487.27 on selective buying in heavyweights despite the bearish sentiment.
It had opened 4.18 points higher at 1,489.44 in the morning.
A dealer said the local bourse was likely to move narrowly in line with the major regional markets following a mixed performance on Wall Street overnight and absence of market-stimulating news.
Hong Leong Investment Bank Research said the key FBM KLCI was likely to encounter profit-taking but any selling pressures would likely be well-absorbed as technical indicators remained positive.
"As long as the index is able to maintain its posture above the uptrend line support near 1,440, we remain short-term positive on the market," it said in a research note today.
Trading was moderate with volume stood at 810.72 million worth RM541.42 million. Losers led gainers by 332 to 234 while 277 counters were unchanged.
The Plantation Index increased 12.84 points to 7,830.47 and the Industrial Index added 14.69 points to 2,683.95. Finance Index, however, slipped 44.62 points to 13,283.72.
The FTSE Bursa Malaysia Emas Index gained 8.53 points to 10,147.45 and the FTSE Bursa Malaysia Mid 70 Index was 7.73 points higher at 10,965.11. FTSE Bursa Malaysia Ace Index, however, declined 19.66 points to 4,134.64.
Among active stocks, Wijaya-Warrants rose 0.5 sen to 24.5 sen, SYF Res-Warrants up 10 sen to 37 sen and DPS Resources added 1.5 sen to 16.5 sen.
For heavyweights, Maybank dropped 7 sen to RM8.32, CIMB eased 4 sen to RM7.18 while Sime Darby advanced 6 sen to RM9.10. -- Bernama
