Thursday 12 January 2012

KL shares wring gains at midday

Share prices on Bursa Malaysia ended the morning session steady with investors nibbling on lower-liners and penny stocks while awaiting fresh leads, dealers said.

At 12.30pm, the FBM KLCI stood at 0.03 of a point higher at 1,522.32 after opening 0.90 point lower at 1,521.19.

Analysts expect the benchmark FBM KLCI to probably move sideways within a narrow trading range today due to a dearth of fresh market leads.

With U.S markets' quiet last night, the local bourse could be in for yet another benign day of trading activity, with resistance seen between the 1,524 and 1,540 points level.

The Finance Index rose 23.181 points to 13,460.2 and the Industrial Index added 1.0 point to 2,799. The Plantation Index, however, shed 33.77 points to 8,504.2.

The FBM Emas Index added 2.92 points to 10,499.36, FBM 70 Index was 23.189 points higher at 11,785.51 while the FBM Ace declined 3.4 point to 4,295.34.

Decliners led advancers 365 to 275 while 313 counters were unchanged, 538 untraded and 19 others suspended. Turnover stood at 781.281 million shares worth RM680.040 million.

Among volume leaders, Pos-CE gained 5.5 sen to 13 sen, Proton-CH added 7.0 sen to 58 sen and Bursa-CU firmed 2.0 sen to 7.5 sen.

Among heavyweights, Maybank firmed 4.0 sen to RM8.26 while Sime Darby and CIMB were both flat at RM9.15 and RM7.29, respectively -- Bernama



Get your T+10 interest FREE margin trading account NOW. Attractive brokerage for online trading. Contact Mr Ho at +603-5192 0808 or hoxian@sjsec.com.my for more details.
Related Posts Plugin for WordPress, Blogger...