Monday, 5 March 2012

Blue chips extend gains, CIMB, Sime lead again

KUALA LUMPUR (March 5): Bursa Malaysia closed higher on Monday on gains in selected blue-chips, dealers said.

The FBM KLCI was set to break the all-time high of 1,594.74 earlier when it reached 1,594.72 but it retreated to close at 1,589.22, up 5.44 points.

A dealer said although the market failed to make a breakthrough the momentum has been set for it to further move up and try break the resistance in the near term.

"At the moment, interest was very focused on selective blue-chips without an preference for any particular group," he said.

The Finance Index jumped 74.72 points to 14,204.47. The PLANTATION [] Index dropped 16.44 points to 8,661.77 and the INDUSTRIAL INDEX [] was 8.23 points lower at 2,918.54. The FBM Emas Index rose 27.721 points to 10,974.61 and the FBMT100 increased 26.88 points to 10,758.28.

Advancers led decliners by 391 to 325 while 414 counters were unchanged, 365 untraded and 20 suspended. Total volume declined to 1.448 billion shares valued at RM1.760 billion from 1.630 billion shares valued at RM1.934 billion last Friday.

Among active stocks, The Media Shoppe inched up one sen to 9.5 sen, Naim Indah increased 1.5 sen to 53 sen, Green Ocean Corp rose 2.5 sen to 30 sen and Kumpulan Hartanah Selangor climbed half sen to 63 sen.

China Stationery Ltd lost 10 sen to RM1.08.

Of the heavyweights, CIMB rose 15 sen to RM7.48, Sime Darby increased two sen to RM10 and Tenaga added six sen to RM6.31. Maybank and Maxis were unchanged at RM8.77 and RM5.94 respectively. - Bernama

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