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10th July, 2009
KUALA LUMPUR: Share prices on Bursa Malaysia closed slightly higher Thursday on eleventh hour buying in index-linked counters in an otherwise sluggish trade, but many plantation stocks remained in the negative territory.
At the end of trade, the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) was up 0.21 of a point at 1,065.68 compared with yesterday’s closing after opening one point lower at 1,064.47.
On Wall Street, the Dow Jones Industrial Index gained 0.18 per cent to end at 8,178.41 while the S&P 500 skidded 0.17 per cent to finish at 879.56.
Plantation counters at Bursa Malaysia were among those badly affected following sharp losses in commodity prices, said a dealer.
The commodity sector was hit by continued pessimism over the global economic outlook which resulted in traders staying on the sidelines. Crude palm oil has plunged 28 per cent from its peak of RM2,789 per tonne on May 13 to around RM2,000 at present and is expected to continue facing downward pressure.
The Plantation Index fell 46.37 points to 5,235.45 with the stocks such as Batu Kawan declining by 15 sen to RM8.45, Astral Asia slipping 12.5 sen to 95.5 sen and KL Kepong shedding 10 sen to RM11.70.
The Industrial Index added 4.99 points to 2,374.58, the Finance Index rose 42.55 points to 8,573.82 and the FBMEmas Index climbed 16.66 points to 7,179.55.
The FBM Top 100 jumped 6.79 points to 6,987.32, the FBM70 went up 28.30 points to 6,987.32, the FBMMesdaq Index perked up 2.79 points to 3,880.84 and the FBM2BRD Index was 31.33 points higher at 4,703.17.
Advancers outnumbered decliners by 349 to 201 while 214 counters were unchanged, 468 untraded and 36 others suspended.
Total volume rose to 697.589 million shares worth RM1.146 billion from 672.184 million shares worth RM1.169 billion on Wednesday.
On the active list, KNM Group inched up one sen to 74.5 sen, Sino Hua-An edged up half a sen to 52 sen, Axiata Group slipped two sen to RM2.50 and Talam Corp perked up half a sen to nine sen.
Among heavyweights, Sime Darby and Tenaga Nasional were flat at RM7.20 and RM7.60 respectively while IOI Corp slipped six sen to RM4.54, Maybank added five sen to RM5.80 and MISC was flat at RM8.45.
The Main Board volume jumped to 623.643 million shares valued at RM1.119 billion from 597.798 million shares valued at RM1.148 billion.
Turnover on the Second Board increased to 42.083 million units worth RM21.296 million from 31.822 million units worth RM13.060 million Mesdaq volume declined to 18.604 million shares valued at RM2.794 million from 23.340 million units valued at RM3.764.
Warrants went down to 10.012 million units worth RM1.325 million from 17.420 million units worth RM3.065 million.
On sectoral basis, consumer products accounted for 17.344 million shares traded on the Main Board, industrial products 150.487 million, construction 42.110 million, trade/services 192.101 million, technology 4.658 million, infrastructure 19.462 million, finance 30.931 million, hotels 1.007 million, properties 133.081 million, plantations 29.290 million, mining 2,000, REITs 3.153 million and closed/fund 13,000.
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