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KL shares end slightly higher

July 13, 2012

KUALA LUMPUR: Share prices on Bursa Malaysia ended slightly higher today after see-saw trading throughout the day, lifted by gains in selected key heavyweight counters, dealers said.

At close, the benchmark FBM KLCI earned 0.89 of a point to end at 1,626.38, after hovering between the 1,621.37 and 1,628.09 levels.

Dealers said regional market sentiment improved after China’s second-quarter growth report met market expectations.

“This gave some support to a market wary of global economic growth with the US and Europe showing brittle performance in their economy,” another dealer said.

The second biggest economy in the world grew 7.6% in the April-June quarter from a year earlier, its slowest pace in three years.

Back home, the market showed some continued sell-off in plantations counters with Kuala Lumpur Kepong, Tradewinds Plantation and BLD Plantations among the top losers.

Meanwhile, Bursa Malaysia in a statement today said Esso Malaysia Bhd has changed its name to Petron Malaysia Refining & Marketing Bhd, and its stock short name will be amended from ESSO to PETRONM effective 9am on July 17.

The Finance Index rose 5.181 points to 14,600.65, the Plantation Index was down 52.13 points to 8,819.92 and the Industrial Index eased 5.47 points to 2,856.91.

The FBM Emas added 1.77 points to 11,127.43, the FBM 70 Index shed 14 points to 12,237.80 and the FBM Ace Index fell 17.18 points to 4,338.36.

Gainers led losers by 379 to 367 while 330 counters were unchanged, 501 untraded and 13 others suspended.

Turnover advanced to 1.290 billion shares worth RM1.616 billion from 1.279 billion shares worth RM1.681 billion yesterday.

Among the actives, Luster Industries rose three sen to 12 sen, Metronic Global inched up half-a-sen to eight sen and Astral Supreme added 1.5 sen to 22.5 sen.

Among the heavyweights, Maybank earned two sen to RM8.78, Sime Darby and Petronas Chemicals slid a sen each to RM9.94 and RM6.55, respectively while CIMB rose a sen to RM7.87.

Volume on the Main Market advanced to 1.011 billion shares valued at RM1.569 billion from 959.578 million shares valued at RM1.627 billion yesterday.

Turnover on the ACE Market rose to 218.244 million shares worth RM36.996 million from 193.186 million shares worth RM34.897 million previously.

Warrants eased to 57.983 million units valued at RM8.711 million from 117.051 million units valued at RM16.99 million yesterday.

Consumer products accounted for 58.169 million shares traded on the Main Market, industrial products 368.475 million, construction 33.552 million, trade and services 313.922 million, technology 26.602 million, infrastructure 13.456 million, finance 79.177 million, hotels 482,200 million, properties 55.850 million, plantations 51.182 million, mining 100, REITs 10.23 million and closed/fund 43,300.



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