Facebook Twitter Google Plus Vimeo Youtube Feed Feedburner

Business Home LBoard

Share prices close firmer

June 22, 2012

KUALA LUMPUR: Share prices on Bursa Malaysia closed firmer today, bolstered by funds buying in heavyweights despite the slide in regional markets on renewed concern over weak global market sentiment, dealers said.

The FTSE Bursa Malaysia KLCI (FBM KLCI) edged up 1.64 points to close at 1,603.07.

The barometer index, which opened in the red at 1,599.7 this morning, fluctuated between 1,594.44 and 1,608.65, throughout the day.

Among top gainers were Telekom Malaysia Bhd, Tenaga Nasional Bhd, Axiata Group Bhd and IOI Corp Bhd.

Meanwhile, most key regional bourses eased at the end of the week trading.

Japan’s Nikkei 225 was down 25.72 points to 8,798.35, Hong Kong’s Hang Seng dropped 269.94 points to 18,995.13, Singapore’s Straits Times Index declined 25.53 points to 2,828.09 and China’s Shanghai Composite fell 32.00 points to 2,260.88.

On the local front, the Finance Index added 2.76 points to 14,254.05, the Plantation Index added 13.89 points to 8,506.63 and the Industrial Index rose 8.90 points to 2,823.64.

The FBM Emas Index declined 0.18 of a point to 10,956.82, the FBM ACE Index retreated 12.33 points to 4,309.60 and the FBM Mid 70 Index edged down 42.45 points to 12,048.06.

Losers led gainers by 410 to 312 while 331 counters were unchanged, 526 untraded and 18 others suspended.

Turnover was 1.478 billion shares worth RM1.703 billion compared with 1.572 billion shares worth RM1.577 billion yesterday.

Volume on the Main Market decreased to 987.531 million units valued at RM1.640 billion from 1.182 billion units worth RM1.525 billion yesterday.

Turnover on the ACE Market soared to 406.297 million shares worth RM42.34 million from 271.281 million shares valued at RM36.79 million yesterday.

Warrants declined to 81.574 million units valued at RM10.233 million from 117.058 million units valued at RM14.559 million previously.

Of the actives, Luster Industries inched up 4.5 sen to 18.5 sen and Luster Industries-Warrant added 2.0 sen to 12.5 sen.

Luster was issued with an Unusual Market Activity (UMA) query by Bursa Malaysia Securities today due to the sharp rise in price and high volume in the trading of its shares recently.

Of the other actives, Flonic Hi-Tec Warrants firmed five sen to 5.5 sen and Flonic Hi-Tec Bhd shed one sen to 8.5 sen.

Among heavyweights, Maybank, CIMB and Sime Darby were all flat at RM8.73, RM9.9 and RM7.58, respectively.

Consumer products accounted for 54.766 million shares traded on the Main Market, industrial products 502.627 million, construction 27.678 million, trade and services 275.873 million, technology 8.578 million, infrastructure 16.507 million, finance 50.464 million, hotels 383,700, properties 31.840 million, plantations 14.220 million, mining nil, REITs 4.342 million and closed/fund 2.482.



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.