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2nd September, 2010
KUALA LUMPUR: Share prices on Bursa Malaysia ended mixed Wednesday but the benchmark index stayed in the positive territory supported by strong buying interest, dealers said.
The FBM KLCI closed 9.47 points or 0.7 per cent higher than Monday at 1,431.96, aided by interest in plantation-related heavyweights, after opening at 1,429.77.
The market was closed Tuesday for the National Day celebration.
The index hovered between the 1,424.98 and 1,436.73 points levels throughout the day.
A dealer said the key index continued to climb spurred by a combination of foreign interest, economic reforms and follow-through buying from locals.
However, TA Securities said any further strengthening should see strong profit-taking and selling resistance as most blue-chip stocks were overbought and attractive for profit-taking.
The Finance Index surged 97.65 points to 12,889.20, the Plantation index gained 28.59 points to 6,591.28 and the Industrial Index rose 3.63 points to 2,744.7.
The FBM Emas Index increased 45.899 points to 9,528.55, the FBM70 Index advanced 33.25 points to 9,246.1 but the FBM ACE index fell 13.09 points to 3,681.46.
Turnover increased to 949.219 million shares, worth RM2.077 billion, compared with Monday’s 769.278 million shares valued at RM1.76 billion.
Decliners outnumbered advancers 476 to 307 while 270 counters were unchanged, 312 untraded and 34 were suspended.
Among actives, KNM declined 4.5 sen to 44 sen, Time Dotcom rose 3.5 sen to 53.5 sen and Unisem gained 7.5 sen to 57.5 sen.
Heavyweights, Maybank rose 10 sen to RM8.49, CIMB closed unchanged at RM7.80, Sime Darby increased five sen to RM8.40 while Maxis ended flat at RM5.38.
The Main Market volume increased to 831.394 million shares, worth RM2.057 billion, from Monday’s 619.885 million shares valued at RM1.752 billion.
Warrants were higher at 60.673 million units, valued at RM8.6 million, from 42.52 million units, worth RM5.507 million, registered previously.
Turnover on the ACE market, however, declined to 53.011 million shares, worth RM7.679 million, from 86.882 million shares, valued at RM8.166 million, recorded on Monday.
Consumer products accounted for 49.311 milion shares traded on the Main Market; industrial products 157.666 million; construction 72.56 million; trade and services 253.069 million; technology 69.233 million; infrastructure 44.148 million; finance 91.623 million; hotels 3.193 million; properties 72.11 million; plantations 14.723 million; mining 25,500; REITs 3.672 million; and closed/fund 61,700.
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