|
1st September, 2010
KUALA LUMPUR: The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) closed at a 30-month high Monday, the highest since February 2008, driven by strong interest in key heavyweights like Genting, Maybank and Sime Darby, dealers said.
The FBM KLCI closed 11.44 points higher at 1,422.49 staged on positive territory, fuelled by strong buying interest, after opening 1.93 points higher at 1,412.98.
The index hovered between 1,412.98 and 1,428.44 levels during the day.
A dealer said the key index is expected to touch the next resistance of 1,436 level.
The market also took the cue from regional markets like Hong Kong and the Wall Street’s performance, he said.
To keep the momentum going, investors also looked at the domestic market for possible leads even though the overseas trend still had a major influence on sentiments, he said.
The Finance Index surged 91.239 points to 12,792.93, the Plantation index gained 2.81 points to 6,555.94 and the Industrial Index rose 20.21 points to 2,726.04.
The FBM Emas Index perked 60.35 points to 9,478.83 and the FBM70 Index advanced 35.82 points to 9,183.90 but the FBM ACE index fell 24.35 points to 3,695.79.
Turnover increased to 769.278 million shares valued at RM1.76 billion compared to last Friday’s 762.501 million shares worth RM1.532 billion.
Decliners outnumbered advancers by 377 to 334 while 281 counters were unchanged, 372 untraded and 32 suspended.
Among active stocks, Maybank gained 13 sen to RM8.39, CIMB rose six sen to RM7.80, Talam fell half sen to 9.5 sen and Carotech lost one sen to 7.5 sen.
Heavyweights, Sime Darby rose 25 sen to RM8.35, Genting rose 41 sen to RM9.45, Tenaga gained seven sen to RM8.86 but Maxis fell seven sen to RM5.38.
The Main Market volume declined to 619.885 million shares valued at RM1.752 billion from 635.603 million shares worth RM1.517 billion on Friday.
Warrants were lower at 42.52 million units worth RM5.507 million from 48.601 million units valued at RM6.532 million last week.
Turnover on the ACE market however increased to 86.882 million valued at RM8.166 million from 74.697 million worth RM6.774 million.
Consumer products accounted for 57.3 million shares traded on the Main Market; industrial products 79.696 million; construction 51.689 million; trade and services 207.436 million; technology 28.776 million; infrastructure 19.870 million; finance 76.406 million; hotels 5.037 million; properties 73.116 million; plantations 14.161 million; mining 1,000; REITs 6.369 million; and closed/fund 31,500.
|
