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Share prices close higher, surpassing 1,600 points

June 20, 2012

KUALA LUMPUR: Share prices on Bursa Malaysia closed higher for the third consecutive day today, surpassing the 1,600-point level, bolstered by gains in selected consumer and bluechip stocks, dealers said.

Tracking the positive movement of its regional peers, the FTSE Bursa Malaysia KLCI(FBM KLCI) closed today’s trading 9.41 points higher at 1,604.39.

The barometer index, which opened at 1,595.94, fluctuated between 1,594.88 and 1,604.39 throughout the day.

HLIB Research said that despite the lingering external woes, the KLCI is well placed to test the 1,600 barrier and subsequently the historical high of 1,609 points in the near term.

This is due to active local funds buying of index-linked blue chips and the impending listing of Felda, coupled with a strong triangle breakout yesterday.

Among top gainers today were Pharmaniaga Bhd, Nestle (M) Bhd, Aeon Credit Service, Petronas Dagangan Bhd and Dutch Lady Milk Industries Bhd.

On the local front, the Finance Index jumped 47.37 points to 14,278.93, the Plantation Index was 13.86 points higher at 8,484.41 and the Industrial Index appreciated 4.53 points to 2,792.49.

The FBM Emas Index rose 70.27 points to 10,972.69, the FBM Mid 70 Index advanced 86.52 points to 12,034.13 and the FBM ACE Index edged up 94.19 points to 4,329.98.

Gainers thumped losers 621 to 196 while 291 counters were unchanged, 462 untraded and 13 others suspended.

Turnover was higher at 1.401 billion shares worth RM1.763 billion from the 932.560 million units valued at RM1.459 billion posted yesterday.

Volume on the Main Market firmed to 930.671 million shares valued at RM1.7 billion, compared with the 625.094 million shares valued at RM1.413 billion recorded yesterday.

Turnover on the ACE Market surged to 315.947 million units worth RM41.01 million from yesterday’s close of 174.580 million shares worth RM28.466 million.

Total volume for warrants rose to 151.566 million shares valued at RM24.6 million from the 130.228 million shares worth RM17.614 million registered previously.

For the actives, Naim Indah Corp Bhd inched up five sen to 34 sen, Metronic Global Bhd added 1.5 sen to 13.5 sen while Ariantec Global Bhd appreciated 2.5 sen to 15 sen.

Among heavyweights, Maybank was flat at RM8.74, CIMB climbed 2.0 sen RM7.57 and Sime Darby also added two sen to RM9.87.

Consumer products accounted for 97.66 million shares traded on the Main Market, industrial products 231.542 million, construction 32.64 million, trade and services 373.338 million, technology 20.73 million, infrastructure 15.13 million, finance 62.01 million, hotels 1.79 million, properties 67.493 million, plantations 22.44 million, mining 18,100, REITs 5.79 million and closed/fund 67,000.

– Bernama


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