Monday 9 January 2012

KL shares firmer at mid-morning trade

Shares on Bursa Malaysia were traded firmer at mid-morning Monday, boosted by gains in selected heavyweights and supported by interesting local corporate developments, dealers said.

At 11.03am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.03 points higher at 1,517.16, pushed up by gains mostly seen in Petronas Gas, which contributed 1.16 points, to the increase in benchmark index. Earlier, the FBM KLCI opened 0.93 of a point to 1,515.06.

The Finance Index rose 25.8 points to 13,413.51, the Plantation Index added 8.29 points to 8,445.22, while the Industrial Index advanced 12.99 points to 2,769.84.

The FBM Emas Index gained 23.851 points to 10,440.66, the FBM 70 Index jumped 30.399 points to 11,613.43, the FBMT100 Index was 21.771 points higher at 10,246.61 and the FBM Ace perked 19.33 points to 4,149.25.

Gainers thumped losers by 302 to 191 while 268 counters were unchanged, 727 untraded and 24 suspended. Turnover stood at 617.079 million shares worth RM377.513 million.

Two counters -- Jaks Resources Bhd and Inari Bhd -- were suspended during trading this morning. Jaks Resources, suspended from 10.10am, is expected to announce a proposed joint venture for an independent power plant project in Vietnam, while Inari, halted from trading since 10.42am, will also be making an announcement.

Leading the actives' list is Kumpulan Hartanah Selangor, tipped to be taken private by its major shareholder, Kumpulan Perangsang Selangor, saw its shares surging 10.5 sen to 47 sen, followed by Nextnation Communication Bhd, which earned one sen to 12.5 sen.

Meanwhile, Proton-CG:CW was up 7.5 sen to 55.5 sen after news on DRB-Hicom and General Motors Corp are keen on the national automaker's stakes.

Heavyweights, Maybank added one sen to RM8.24, Sime Darby was unchanged at RM9.06, while CIMB Group rose five sen to RM7.23 and Petronas Gas gained 30 sen to RM15.10. -- Bernama



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