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29th July, 2010
KUALA LUMPUR: Share prices on Bursa Malaysia closed higher Wednesday, lifted by gains in finance-related stock such as CIMB Group, dealers said.
At 5pm, the FBM KLCI rose 2.96 points or 0.22 per cent to close at its new high in the 2009-2010 rally at 1,355.19.
The benchmark index opened 0.42 of a point higher at 1,352.65 in the morning and traded within a range of 5.51 points between an intra-day high of 1,356.13 and a low of 1,350.62 during the trading session.
One of the dealers said the market started the day on a mixed note as investors were worried about the health of the global economy after mixed corporate results and a fall in consumer confidence data were reported in the United States.
However, he said the rally in key Asian markets spurred buying interest in the local market.
The follow-through buying in finance-related stocks led by CIMB Group helped the FBM KLCI to finish the day at its new high in the 2009-2010 rally.
At close, the Finance Index rose 60.60 points to 12,341.22, the Plantation Index increased 9.34 points to 6,416.94 and the Industrial Index added 2.38 points to 2,673.18.
The FBM Emas Index gained 23.80 points to 9,178.37, the FBM70 Index went up 25.31 points to 9,174.34 and the FBM Ace Index advanced 8.15 points to 3,799.18.
Advancers led decliners by 445 to 264 while 278 counters were unchanged, 377 untraded and 28 others suspended.
Volume increased to 847.160 million shares worth RM1.251 billion from 731.634 million shares valued at RM1.33 billion Tuesday.
Topping the most active stocks was Main Market debutant Ivory Properties which ended the first day of trading at RM1.30, up 30 sen from its offer price. It had opened 15 higher at RM1.15.
Jadi Imaging rose 2.5 sen to 30 sen, AirAsia increased seven sen to RM1.51 and Berjaya Corporation added six sen to RM1.09.
For the heavyweights, Maybank lost one sen to RM7.70 while CIMB Group climbed nine sen to RM7.49.
Sime Darby went down three sen to RM7.76 while Maxis was flat at RM5.32.
The Main Market volume increased to 759.561 million shares worth RM1.234 billion from 633.941 million shares worth RM1.316 billion Tuesday.
Turnover on the ACE Market, however, declined to 52.326 million shares valued at RM9.379 million as against 59.135 million shares worth RM10.835 million previously.
The volume of warrants dropped to 29.511 million units valued at RM4.103 million from 32.849 million units valued at RM4.906 million Tuesday.
Consumer products accounted for 77.599 million shares traded on the Main Market, industrial products 133.551 million, construction 62.274 million, trade and services 216.484 million, technology 28.314 million, infrastructure 10.347 million, finance 63.225 million, hotels 1.809 million, properties 132.875 million, plantations 14.875 million, mining 32,000, REITs 18.115 million, and closed/fund 62,600.
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