Facebook Twitter Google Plus Vimeo Youtube Feed Feedburner

Business Home LBoard

Share prices close firm in line with regional bourses

June 11, 2012

KUALA LUMPUR: Share prices on Bursa Malaysia ended firmer in line with other regional bourses despite rising concern over the eurozone financial crisis, dealers said.

Buying support for selected heavyweights kept the FTSE Bursa Malaysia KLCI (FBM KLCI) above the 1,570 points level although it broke the 1,580 points level earlier, they said.

At 5 pm, the FBM KLCI closed 7.79 points higher at 1,578.41 compared with Friday’s close of 1,570.62.

The benchmark index moved between 1,575.95 and 1,582.29 throughout the trading session.

Elsewhere, Japan’s Nikkei 225 rose 165.64 points to 8,624.90, Hong Kong’s Hang Seng surged 451.29 points to 18,953.63 and Singapore’s Straits Times improved 48.6 points to 2,786.49.

Over the weekend, the eurozone decided to grant Spain access to a 100 billion euro fund to strengthen its banking system.

The Finance Index improved 59.96 points to 14,128.17, the Plantation Index surged 78.41 points to 8,379.07 and the Industrial Index rose 20.45 points to 2,799.72.

The FBM Emas Index jumped 57.87 points to 10,763.44, the FBM Mid 70 Index gained 80.76 points to 11,721.01, the FBMT100 increased 56.3 points to 10,595.88 while the FBM ACE Index eased 0.16 of a point to 4,222.06.

Advancers thumped decliners 418 to 262 while 320 counters were unchanged, 563 untraded and 14 others were suspended.

Turnover rose to 732.912 million shares, worth RM1.373 billion, from Friday’s 576.86 million shares worth RM988.39 million.

Volume on the Main Market rose to 522.634 million shares, valued at RM1.338 billion, from 368.98 million units, worth RM952.06 million, recorded previously.

Turnover on the ACE Market increased to 134.815 million units, worth RM23.591 million from last Friday’s 99.838 million shares valued at RM19.916 million.

However, total volume for warrants declined to 74.255 million shares, valued at RM11.613 million, compared with 105.448 million units, worth RM15.927 million, transacted previously.

Of the heavyweights, Maybank added three sen to RM8.73, Sime Darby gained six sen to RM9.75, CIMB added two sen to RM7.51 while Petronas Chemicals eased five sen to RM6.44.

Main market debutant, Gas Malaysia, which topped the active list, rose 10% or 22 sen to RM2.42 from its initial offer price of RM2.20.

Other actives, DSC Solutions added 1.5 sen to 19.5 sen while TMS was unchanged at seven sen.

Consumer products accounted for 32.853 million shares traded on the Main Market, industrial products 82.576 million, construction 19.912 million, trade and services 242.434 million, technology 20.813 million, infrastructure 14.167 million, finance 51.676 million, hotels 279,400, properties 44.043 million, plantations 11.499 million, mining nil, REITs 2.335 million and closed/fund 48,500.

– Bernama


Readers are required to have a valid Facebook account to comment on this story. We welcome your opinions to allow a healthy debate. We want our readers to be responsible while commenting and to consider how their views could be received by others. Please be polite and do not use swear words or crude or sexual language or defamatory words. FMT also holds the right to remove comments that violate the letter or spirit of the general commenting rules.

The views expressed in the contents are those of our users and do not necessarily reflect the views of FMT.