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Positive buying sentiment gives Bursa a lift

February 2, 2012

KUALA LUMPUR: Share prices on Bursa Malaysia ended higher today on continued positive buying sentiment, dealers said.

At 5pm, the FBM KLCI rose 15.80 points, or 1.04%, to 1,537.09.

The benchmark index had opened 5.32 points higher at 1,526.61 and hovered between 1,526.57 and 1,540.89 throughout the day.

A dealer said investors became more confident following the progress of the European debt crisis and positive economic data coming out of the US and China.

“Greece is nearing a long-awaited bond swap deal to prevent a chaotic default with its private creditors, while some European sovereign yields fell on optimism the crisis won’t deepen,” he said.

Another dealer said the positive sentiment on the local bourse was in line with the firmer regional markets.

Advancers led decliners by 643 to 286 while 298 counters were unchanged, 245 untraded and 15 others suspended.

Volume rose to 2.58 billion shares valued at RM2.87 billion from 1.88 billion shares valued at RM2.29 billion on Tuesday.

The market was closed yesterday for Federal Territory Day holiday.

The Finance Index surged 103.64 points to 13,546.31, Industrial Index was up by 39.92 points to 2,846.74 and the Plantation Index increased 37.89 points to 8,767.31.

The FBM Emas jumped 126.81 points to 10,714.01 and the FBM 70 Index chalked up 204.82 points to 12,364.70.

The FBMT100 improved 121.89 points to 10,399.66 and the FBM Ace Index added 20.90 points to 4,517.49.

Among the top gainers, Hartalega Holdings rose 41 sen to RM7.22, United Plantations added 36 sen to RM20.70 and Petronas Dagangan improved 34 sen to RM18.

Of the losers, Glenealy Plantations fell 15 sen to RM7.22, RHB Capital eased 14 sen to RM6.98 and TDM slipped 11 sen to RM4.57.

For actives, Tebrau Teguh increased seven sen to 82 sen, Hibiscus Petroleum Warrant earned 11.5 sen to 98 sen while D.B.E. Resources eased one sen to 11.5 sen.

In heavyweights, Maybank and Sime Darby gained 14 sen each to RM8.34 and RM9.28, respectively, Petronas Chemicals added six sen to RM6.73 and CIMB earned two sen to RM6.93.

Volume on the Main Market advanced to 1.38 billion shares valued at RM2.69 billion from 952.52 million shares valued at RM2.05 billion yesterday.

Turnover on the ACE Market increased to 328.36 million units worth RM52.42 million from 229.15 million units worth RM38.86 million on Tuesday.

Warrants slipped to 868.39 million units valued at RM119.99 million from 599.31 million units valued at RM87.96 million previously.

Consumer products accounted for 163.90 million shares traded on the Main Market, industrial products 257.05 million, construction 108.78 million, trade and services 393.48 million, technology 30.64 million, infrastructure 27.31 million, finance 95.64 million, hotels 1.98 million, properties 190.76 million, plantation 35.81 million, mining 85,000, REITs 6.5 million and closed/fund 27,300.

- Bernama


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