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KL shares end marginally higher

September 28, 2011

KUALA LUMPUR: Bursa Malaysia closed marginally higher today on gains in selected heavyweights, dealers said.

They said cautious sentiments, however, still prevailed in Asian markets as investors awaited news of a concrete resolution to Europe’s debt crisis, particularly in Greece.

The FTSE Bursa Malaysia KLCI (FBM KLCI) gained 7.35 points to close at 1,371.55. It opened 3.20 points higher at 1,367.40.

The Finance Index rose 60.28 points to 12,558.45, Plantation Index gained 95.80 points to 6,967.92 and the Industrial Index gained 21.56 points to 2,505.53.

The FBM Emas Index rose 57.16 points to 9,266.91, FBM70 Index increased 114.90 points to 9,773.42, FBMT100 gained 60.97 points to 9,124.81 and the FBM Ace added 41.65 points to 3,585.82.

Gainers outnumbered losers by 407 to 304 while 275 counters were unchanged, 500 untraded and 30 others suspended.

Turnover fell to 850.054 million shares worth RM1.517 billion from 908.813 million shares worth RM1.595 billion yesterday.

Among active stocks, GPRO Technologies gained half sen to 14 sen, Asiaep Resources rose half sen to seven sen and Ho Wah Genting went up 5.5 sen to 33 sen.

Ranhill, however, was flat at 89.5 sen.

In heavyweights, Maybank rose 10 sen to RM7.97, CIMB Group gained seven sen to RM7.01 and Sime Darby increased six sen to RM8.14.

Petronas Chemicals, however, slipped seven sen to RM5.48.

HwangDBS Vickers Research said amid the external market volatility, the FBM KLCI would probably strive to hold on to yesterday’s rise of 32.4 points, which almost matched yesterday’s steep losses.

“Nevertheless, the benchmark index could struggle to climb towards its immediate resistance threshold of 1,395 in the near term,” it said.

Maybank Investment Bank said global equities were expected to remain volatile as eurozone problems and global recessionary fears dominated.

Volume on the Main Market decreased to 658.915 million shares worth RM1.497 billion from 709.218 million shares worth RM1.57 billion yesterday.

Turnover on the ACE Market increased to 142.958 million units valued at RM16.225 million from 140.489 million units valued at RM18.224 million yesterday.

Warrants decreased to 45.649 million shares worth RM2.862 million from 55.256 million shares worth RM2.991 million previously.

Consumer products accounted for 36.9 million shares traded on the Main Market, industrial products 121.1 million, construction 77.1 million, trade and services 201.2 million, technology 11.8 million, infrastructure 17.1 million, finance 73.8 million, hotels 400,000, properties 89.3 million, plantation 26.4 million, mining 36,200, REITs 2.1 million and closed/fund 31,100.

– Bernama


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