Share prices on Bursa Malaysia were mixed at midafternoon today, prompted by gains in blue-chips, dealers said.
At 3pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.93 points to 1.562.50, after opening 2.41 points higher at 1,562.98.
In a statement today, Hong Leong Investment Bank said amid fresh concern about rising oil prices, the prevailing market consolidation phase may prolong for a little longer.
It said any market pullbacks, however, were likely to be transitory and fairly shallow.
The Finance Index increased 33.54 points to 13,949.08.
The Industrial Index lost 4.98 points to 2,905.14 and the Plantation Index decreased 80.03 points to 8,740.72.
The FBM Emas Index advanced 8.92 points to 10,851.17 and the FBM Ace Index added 8.96 points to 4,733.73.
The FBM70 Index fell 2.279 points to 12,335.49.
Losers outnumbered gainers by 413 to 291 with turnover at 1.058 billion units valued at RM864.679 million.
Among actives, Panasonic Manufacturing surged 68 sen to RM21.10, United Plantations gained 62 sen to RM23.38, Fraser & Neave added 22 sen to RM17.80 and BLD Plantation was up 21 sen to RM10.04.
Of the heavyweights, Maybank earned seven sen to RM8.68, Sime Darby added one sen to RM9.64, Petronas Chemicals gained three sen to RM6.95, Maxis rose 20 sen to RM6.01 and Axiata increased three sen to RM5.03. -- Bernama
At 3pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.93 points to 1.562.50, after opening 2.41 points higher at 1,562.98.
In a statement today, Hong Leong Investment Bank said amid fresh concern about rising oil prices, the prevailing market consolidation phase may prolong for a little longer.
It said any market pullbacks, however, were likely to be transitory and fairly shallow.
The Finance Index increased 33.54 points to 13,949.08.
The Industrial Index lost 4.98 points to 2,905.14 and the Plantation Index decreased 80.03 points to 8,740.72.
The FBM Emas Index advanced 8.92 points to 10,851.17 and the FBM Ace Index added 8.96 points to 4,733.73.
The FBM70 Index fell 2.279 points to 12,335.49.
Losers outnumbered gainers by 413 to 291 with turnover at 1.058 billion units valued at RM864.679 million.
Among actives, Panasonic Manufacturing surged 68 sen to RM21.10, United Plantations gained 62 sen to RM23.38, Fraser & Neave added 22 sen to RM17.80 and BLD Plantation was up 21 sen to RM10.04.
Of the heavyweights, Maybank earned seven sen to RM8.68, Sime Darby added one sen to RM9.64, Petronas Chemicals gained three sen to RM6.95, Maxis rose 20 sen to RM6.01 and Axiata increased three sen to RM5.03. -- Bernama
