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Bursa up despite softer Asian markets

July 18, 2012

KUALA LUMPUR: Share prices closed higher for the third consecutive day today at Bursa Malaysia, despite cautious trading in the Asian markets, dealers said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) ended 5.85 points higher at 1,645 after trading between 1,640.39 and 1,645.39 throughout the day.

A dealer said the Asian stock markets were broadly lower during late trade today after US Federal Reserve Chairman gave a bleak assessment of the US economy and failed to signal a fresh round of stimulus to boost growth.

“Ongoing concerns over the health of the global economy further weighed on appetite for riskier assets,” he said.

On the local front, the Finance Index improved 75.07 points to 14,698.57, the Industrial Index increased 17.01 points to 2,882.09 while the Plantation Index declined 5.94 points to 8,815.62.

The FBM Emas Index rose 31.86 points to 11,248.96, the FBMT100 increased 33.05 points to 11,067.56 but the FBM Ace Index was 19.92 points lower at 4,338.67.

Advancers led decliners 362 to 358 while 388 counters closed unchanged, 471 were untraded and 10 others suspended.

Total volume slipped to 1.13 billion shares, valued at RM1.46 billion, from yesterday’s 1.347 billion shares valued at RM2.013 billion.

Among actives, AT Systematization shed two sen to 19.5 sen, Cybertowers dropped 23 sen to 37 sen, Naim Indah lost 1.5 sen to 30.5 sen while Metronic Global was flat at eight sen.

As for heavyweights, Maybank added three sen to RM8.77, CIMB advanced four sen to RM7.90, Sime Darby was flat at RM9.96 and while Petronas Chemicals eased two sen to RM6.58.

The Main Market volume declined to 739.35 million shares valued at RM1.37 billion from 902.334 million shares valued at RM1.911 billion yesterday.

Turnover on the ACE Market decreased to 300.44 million shares worth RM69.69 million from 309.533 million units worth RM79.195 million yesterday.

Warrants shed to 81.64 million units valued at RM12.25 million against 124.791 million units valued at RM19.955 million yesterday.

Consumer products accounted for 39.44 million shares traded on the Main Market, industrial products 191.81 million, construction 42.71 million, trade and services 255.93 million, technology 47.07 million, infrastructure 14.88 million, finance 59.69 million, hotels 744,500, properties 59.88m million, plantations 20.96 million, mining 106,500, REITs 6.07 million and closed/fundĀ 49,600.

– Bernama


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