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KL shares end mixed despite firmer FBM KLCI

May 27, 2011

KUALA LUMPUR: Share prices on Bursa Malaysia ended mixed today with foreign investors nibbling on bluechips, amid lack of interest for second and third liners, an analyst said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) closed 7.75 points steadier after trading in the positive territory throughout the day led by gains in Tenaga Nasional, Genting Malaysia, Hong Leong Bank, Genting and IOI Corp.

Jupiter Securities Head of Research Pong Teng Siew said buying interest continued to centre on finance, plantation and power-related stock amid positive earnings headlines and overnight Wall Street.

“Plantation stocks like IOI Corp, Kuala Lumpur Kepong and Sime Darby continued to ride on higher crude palm oil prices,” he added.

The Finance Index increased 32.60 points to 14,363.48, the Plantation Index climbed 39.27 points to 7,743.48 but the Industrial Index lost 0.75 of a point to 2,717.76.

The FTSE Bursa Malaysia Emas Index rose 29.40 points to 10,634.08, the FTSE Bursa Malaysia Ace Index increased 5.53 points to 4,297.81 while the FTSE Bursa Malaysia Mid 70 Index inched down 18.74 points to 11,445.31.

Losers continued to outpace gainers 464 to 314 with the day’s turnover increasing to 947.812 million shares, valued at RM1.689 billion, from yesterday’s 799.622 million shares valued at RM1.42 billion.

Among active stocks, KNM lost 38 sen to RM2.15, GPRO Technologies was 1.5 sen higher at eigth sen, Jotech shed one sen to 14 sen, Smartag added half-a-sen to 35.5 sen while GSB Group dropped two sen to 12 sen.

As for heavyweights, Tenaga increased 28 sen to RM6.58, Genting Malaysia rose 10 sen to RM3.62, Hong Leong Bank gained 30 sen to RM12.20, IOI Corp was four sen higher at RM5.34, Maybank gained two sen to RM8.85 but Petronas Chemicals eased four sen to RM7.12.

Volume on the Main Market rose to 664.414 million units, worth RM1.621 billion, from yesterday’s 580.782 million units worth RM1.38 billion.

Turnover on the ACE Market increased to 183.893 millions units, valued at RM30.794 million, from 153.479 million units, valued at RM25.709 million, registered yesterday.

Warrants rose to 92.517 million units, worth RM11.335 million, from 59.41million units, worth RM8.842 million, recorded previously.

Consumer products accounted for 36.2 million shares traded on the Main Market, industrial products 232.8 million, construction 36.5 million, trade and services 201.4 million, technology 18.5 million, infrastructure 11 million, finance 39.4 million, hotels 1.4 million, properties 71.8 million, plantations 13 million, mining 22,000, REITs 2.2 million and closed/fund 47,200.

– Bernama


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