Facebook Twitter Google Plus Vimeo Youtube Feed Feedburner

Business Home LBoard

Bursa closes higher, CI up 6.56 points

September 7, 2012

KUALA LUMPUR: Bursa Malaysia closed higher today on continued buying interest as investors regained confidence in the market, influenced by positive news from the European Central Bank (ECB), dealers said.

The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) improved 6.56 points to close at 1,624.55 after opening 0.98 of a point higher to 1,618.97.

They said the local bourse was also mirroring the bullish performance across the region after the ECB outlined its bond-buying programme to help lower borrowing costs of struggling countries like Spain and Italy.

“However, trading volume remained low as they [investors] are reluctant to hold large positions ahead of the weekend and are awaiting the release of US jobs data later today,” said one of the dealers.

On the scoreboard, The Finance Index rose 9.54 points to 14,509.81, Industrial Index gained 12.65 points to 2,818.39 and the Plantation Index increased 15.53 points to 8,415.63.

The FBM Emas Index added 50.62 points to 11,072.68, FBM 70 Index increased 66.97 points to 12,068.98 and the FBM Ace Index improved 27.73 points to 4,442.08.

Gainers beat losers by 480 to 261, while 305 counters were unchanged, 578 untraded and 29 others suspended.

Total turnover declined to 1.14 billion shares worth RM1.72 billion from 1.30 billion shares worth RM1.99 billion yesterday.

Volume on the Main Market decreased to 753.74 million units valued at RM1.67 billion from 865.54 million units valued at RM1.92 billion yesterday.

Turnover on the ACE Market dwindled to 314.59 million shares worth RM475.17 million from 362.50 million shares worth RM61.98 million previously.

Warrants rose to 67.21 million units valued at RM4.58 million from 63.55 million units valued at RM5.17 million yesterday.

Of the actives, Nextnation Communication lost 1.5 sen to 12 sen, Scomi Group rose two sen to 32 sen and Asia Bioenergy Tech fell half-a-sen to 7.5 sen.

For heavyweights, Maybank improved three sen to RM9.03, Sime Darby added three sen to RM9.79 while CIMB lost four sen to RM7.50.

Consumer products accounted for 87.83 million shares traded on the Main Market, industrial products 1.13 million, construction 23.74 million, trade and services 335.02 million, technology 37.42 million, infrastructure 20.05 million, finance 52.75 million, hotels 6.04 million, properties 55.09 million, plantations 19.95 million, mining 1,000, REITs 5.54 million and closed/fund 15,000.

– Bernama


Readers are required to have a valid Facebook account to comment on this story. We welcome your opinions to allow a healthy debate. We want our readers to be responsible while commenting and to consider how their views could be received by others. Please be polite and do not use swear words or crude or sexual language or defamatory words. FMT also holds the right to remove comments that violate the letter or spirit of the general commenting rules.

The views expressed in the contents are those of our users and do not necessarily reflect the views of FMT.