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KL shares close mostly higher

July 3, 2012

KUALA LUMPUR: Share prices on Bursa Malaysia closed mostly higher today in line with gains in regional markets driven by hopes that policymakers will act to boost growth in view of weak manufacturing data released by major economies, dealers said.

The benchmark FBM KLCI, which stayed above the 1,600-point level, gained 6.89 points to close at 1,607.74.

Weaknesses in economic data, dealers said, pointed to more stimulus measures from central banks and interest rate cut.

The Finance Index surge 91.771 points to 14,358.04, Plantation Index added 47.319 points to 8,543.51 and the Industrial Index rose 2.69 points to 2,850.04.

The FBM Emas rose 44.71 points to 10,985.74 and FBM 70 Index gained 32.88 points to 12,025.05.

The FBM Ace Index declined 45.36 points to 4,335.34.

Gainers led losers by 390 to 327 while 323 counters were unchanged, 511 untraded and 11 others suspended.

Turnover increased to 1.25 billion shares worth RM1.84 billion from 1.08 billion shares worth RM1.284 billion yesterday.

Of the actives, Ingenuity Solutions warrants fella sen to five sen, Luster Industries slipped a sen to 11 sen and Flonic Hi-Tec Warrants ease a sen to five sen.

Ingenuity Solutions rose half sen to 12 sen.

In heavyweights, Sime Darby rose one sen to RM9.90, CIMB increased 15 sen to RM7.70 and Petronas Chemicals gained four sen to RM6.46.

Maybank decreased one sen to RM8.70.

Volume on the Main Market increased to 784.85 million units worth RM1.79 billion from 603.75 million units worth RM1.22 billion yesterday.

Turnover on the ACE Market rose to 373.013 million shares valued at RM40.661 million from 370.89 million shares valued at RM43.33 million yesterday.

Warrants decreased to 92.902 million units worth RM12.90 million from 101.76 million units worth RM18.13 million previously.

Consumer products accounted for 61.09 million shares traded on the Main Market, industrial products 245.6 million, construction 25.9 million, trade and services 230.9 million, technology 23.3 million, infrastructure 11.5 million, finance 79.5 million, hotels 363,600 million, properties 43.8 million, plantations 56.4 million, mining 0, REITs 6.1 million and closed/fund 73,400.



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