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Share prices close higher with buying in heavyweights

August 9, 2012

KUALA LUMPUR: Share prices on Bursa Malaysia were higher at close today on continuous follow-through buying in selected heavyweights and bluechips, pushing the benchmark index to close at its highest level seen today, dealers said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 6.6 points to 1,642.52, pushed by gains mostly seen in Maybank, Genting Malaysia and Genting.

These three heavyweight counters contributed 3.398 points to the FBM KLCI’s rise.

The benchmark index, which opened 0.25 of a point lower at 1,635.67, recorded an intra-day low of 1,635.59.
Regionally, Japan’s Nikkei 225 soared 97.44 points to 8,978.60 and Hong Kong’s Hang Seng surged 203.95 points to 20,269.47 while the Singapore’s Straits Times was closed for holiday today.

The Finance Index surged 69.62 points to 14,759.91, the Industrial Index improved 15.87 points to 2,867.36 and the Plantation Index rose 26.79 points to 8,705.09.

The FBM Emas Index chalked up 39.521 points to 11,234.48 and the FBMT100 gained 40.87 points to 11,054.99, the FBM70 Index jumped 28.96 points to 12,364.36 while the FBM Ace Index eased 4.23 points to 4,410.75.

Losers led gainers 379 to 332 while 348 counters closed unchanged, 544 were untraded and 17 others suspended.

Total turnover dropped to 884.651 million shares worth RM1.348 billion compared to yesterday’s closing of 1.232 billion shares worth RM1.756 billion.

The Main Market volume declined to 676.81 million units worth RM1.311 billion compared to yesterday’s close of 925.614 million shares valued at RM1.709 billion.

Turnover on the ACE Market eased to 153.284 million units worth RM29.284 million from Wednesday’s closing of 205.589 million shares valued at RM37.264 million.

Warrants also dropped to 46.241 million units worth RM5.768 million from 95.13 million units valued at RM8.389 million previously.

Bluechips remained the top gainers today with British American Tobacco gaining RM1.46 to RM61.76, United Plantations rising 50 sen to RM27.50 and Hong Leong Industries moving up 42 sen to RM4.32.

Among active stocks, GPRO Technologies eased two sen to 10.5 sen while Astral and Permaju Industries added 1.5 sen each to 30.5 sen and 72 sen respectively.

Of the heavyweights, Maybank gained eight sen to RM8.95, CIMB rose six sen to RM7.91 and Petronas Chemicals added three sen to RM6.59 while Sime Darby was unchanged at RM9.81.

Other heavyweights, Genting jumped 15 sen to RM9.02 and Genting Malaysia was up 10 sen to RM3.38.
Consumer products accounted for 88.321 million shares traded on the Main Market, industrial products 166.777 million, construction 25.505 million, trade and services 250.536 million, technology 7.642 million, infrastructure 8.931 million, finance 51.901 million, hotels 928,500, properties 55.982 million, plantations 13.851 million, mining 7,000, REITs 6.418 million and closed/fund 11,000.



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