Wednesday 4 January 2012

KL shares wring gains at midday

Share prices on Bursa Malaysia remained in positive territory at mid-day today, despite gains being capped by selected finance and property counters, dealers said.

As at the end of the morning session, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.21 points to 1,514.75, after opening 4.15 points lower at 1,517.69.

The economic data from major markets have been encouraging, thus bolstering investor sentiments globally, dealers said.

On the local front, investors were cautious over concerns on the eurozone debt crisis.

The Finance Index fell 14.86 points to 13,446.37, the Plantation Index gained 95.18 points to 8,313.62 and the Industrial Index was up 4.72 points to 2,743.06.

The FBM Emas Index advanced 10.35 points to 10,427.64, the FBM Mid 70 Index added 8.12 points to 11,660.45 while the FBM Ace Index advanced 37.06 points to 4,116.71.

Gainers beat losers by 377 to 267 with 306 counters unchanged, 524 untraded and 17 suspended. Turnover stood at 958.424 million shares worth RM782.151 million.

The actives were led by Ho Wah Genting-WB, which gained 6.5 sen to 32 sen, Ho Wah Genting added six sen to 41 sen and Maxbiz was flat at 17.5 sen.

Among heavyweights, Maybank lost three sen to RM8.31, Sime Darby erased four sen to RM9.06, CIMB lost one sen to RM7.23 while Petronas Chemicals added three sen to RM6.22. -- Bernama



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