Wednesday 8 February 2012

KL shares continue positve momentum

Share prices on Bursa Malaysia continued the positive momentum at midmorning today, due to an increased confidence from investors in Asian markets, dealers said.

The dealers said buying interest was mostly shown in banking stocks, which also helped sustain the momentum.

As at 10.51 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 13.98 points higher at 1,552.75.

The Finance Index chalked up 121.59 points to 13,708.9, the Plantation Index added 32.1 points to 8,770.02 and the Industrial Index gained 40.33 points to 2,911.61.

The FBM Emas Index surged 88.25 points to 10,822.04, the FBM Mid 70 Index advanced 66.02 points to 12,472.55 and the FBM ACE Index increased 50.09 points to 4,586.72.

Gainers beat losers 459 to 237 with 299 counters unchanged, 485 counters untraded and 21 others suspended. Turnover stood at 1.71 billion shares worth RM959.8 million.

For the actives, Naim Indah Corp advanced 30 sen to 48 sen, SAAG Consolidated earned 1.5 sen to nine sen and Trinity Corp was one sen higher at 7.5 sen.

Among heavyweights, Maybank rose eight sen to RM8.41, CIMB Group Holdings and Petronas Chemicals gained nine sen each to RM7.09 and RM6.88 respectively, while Sime Darby added 30 sen to RM9.76. -- BERNAMA



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