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FBM KLCI closes higher on buying interest in telecom bluechips

July 17, 2012

KUALA LUMPUR: Share prices closed higher for the second consecutive day with buying interest seen in telecommunication bluechips, dealers said.

At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) ended 3.19 points higher at 1,639.15 after trading between 1,646.97 and 1,632.5 throughout the day.

A dealer said the market was riding on the stronger ringgit and optimism on China’s economic growth but the uptrend was limited by profit taking activities.

The Finance Index dropped 30.7 points to 14,623.5, Plantation Index declined 27.58 points to 8,821.56 while the Industrial Index increased 2.55 points to 2,865.08.

The FBM Emas Index rose 24.43 points to 11,217.10, FBM Ace Index was 1.97 points higher at 4,358.59 and the FBMT100 increased 25.5 points to 11,034.51.

Decliners led advancers 409 to 401 while 314 counters closed unchanged, 455 untraded and 10 others were suspended.

Total volume rose to 1.347 billion shares, valued at RM2.013 billion, from yesterday’s 1.112 billion shares valued at RM1.509 billion.

Among actives, OCK Group, which debut today gained 8.5 sen to 44.5 sen, Axiata added 16 sen to RM6, GPRO Technologies earned half-a-sen to 21 sen and Media Chinese garnered 30 sen to RM1.65 while AT Systematization lost 1.5 sen to 21.5 sen.

In heavyweights, Maybank shed five sen to RM8.74, CIMB lost three sen to RM7.86, Sime Darby added one sen to RM9.96, Petronas Chemicals gained three sen to RM6.60 while Tenaga was flat at RM6.70.

The Main Market volume rose to 902.334 million shares, valued at RM1.911 billion, from 784.217 million shares, valued at RM1.451 billion, registered yesterday.

Turnover on the ACE Market increased to 309.533 million shares, worth RM79.195 million, Monday’s 264.647 million units worth RM47.716 million.

Warrants rose to 124.791 million shares, valued at RM19.955 million, against 61.945 million shares, valued at RM9.725 million., registered yesterday.

Consumer products accounted for 60.877 million shares traded on the Main Market, industrial products 193.635 million, construction 52.705 million, trade and services 348.014 million, technology 38.250 million, infrastructure 37.691 million, finance 54.580 million, hotels 1.416 million, properties 66.329 million, plantations 33.643 million, mining 20,000, REITs 15.089 million and closed/fund 80,100.

– Bernama


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