Market cap hits RM1 trillion mark
Share prices on Bursa Malaysia closed broadly higher yesterday with the market capitalisation of listed companies hitting the RM1 trillion mark.
Persistent buying by foreign and local funds pushed the benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBMKLCI) to touch an intraday high of 1,290.55 before closing 12.49 points higher at 1,288.24, the highest since July last year.
It had opened 2.51 points higher at 1,278.26 yesterday.
Malaysian Investors Association president Datuk Dr P.H.S. Lim, said the current rally in the local market came following an increase in financial activities coupled with a favourable global economic situation.
As for the other indices, the Finance Index rose 80.41 points to 11,139.63, the Plantation Index rose 128.22 points to 6,505.08 and the Industrial Index added 16.22 points to 2,681.86.
The FBM Emas Index jumped 96.76 points to 8,658.19, the FBM Top 100 Index increased 89.63 points to 8,435.76, the FBM 70 Index surged 121.10 points to 8,498.45 and the FBM ACE advanced 117.16 points to 4,474.77.
Advancers led decliners by 658 to 184 while 180 counters were unchanged and 281 others untraded. In brisk trading, volume increased to 1.864 billion shares worth RM1.984 billion compared with 1.130 billion shares worth RM990.954 million on Monday.
According to Jupiter Securities Sdn Bhd's head of research Pong Teng Siew, the higher trading volume denoted that retail investors were active.
He said investors were focused on plantation, banking and construction counters. Hwang DBS Vickers, in its research note, expects the KLCI's uptrend to remain intact supported by a strengthening of the economic recovery and positive domestic news flow.
"After putting up a surprisingly resilient performance yesterday (Monday), there was a good chance the local market will move up today (yesterday)," it said.
Among actives, Compugates Holdings and SAAG Consolidated both added 1/2 sen each to 7.5 sen and 18.5 sen respectively and KNM Group added 1 sen to 81 sen.
Of heavyweights, Sime Darby rose 10 sen to RM9.09, Maybank increased 4 sen to RM6.90 and CIMB Group gained 12 sen to RM12.98.
Meanwhile FBM KLCI futures on Bursa Malaysia Derivatives closed higher in line with firmer cash market, dealers said.
January 2010 contract rose eight points to 1,290.0, February 2010 and March 2010 increased 7.5 points each to 1,290.0 and 1,288.0 respectively, and June 2010 gained 10 points to 1,290.0.
Total volume increased to 6,124 lots from 4,707 lots traded on Monday while open interest rose to 15,509 contracts from 14,827 previously. - Bernama
Persistent buying by foreign and local funds pushed the benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBMKLCI) to touch an intraday high of 1,290.55 before closing 12.49 points higher at 1,288.24, the highest since July last year.
It had opened 2.51 points higher at 1,278.26 yesterday.
Malaysian Investors Association president Datuk Dr P.H.S. Lim, said the current rally in the local market came following an increase in financial activities coupled with a favourable global economic situation.As for the other indices, the Finance Index rose 80.41 points to 11,139.63, the Plantation Index rose 128.22 points to 6,505.08 and the Industrial Index added 16.22 points to 2,681.86.
The FBM Emas Index jumped 96.76 points to 8,658.19, the FBM Top 100 Index increased 89.63 points to 8,435.76, the FBM 70 Index surged 121.10 points to 8,498.45 and the FBM ACE advanced 117.16 points to 4,474.77.
Advancers led decliners by 658 to 184 while 180 counters were unchanged and 281 others untraded. In brisk trading, volume increased to 1.864 billion shares worth RM1.984 billion compared with 1.130 billion shares worth RM990.954 million on Monday.
According to Jupiter Securities Sdn Bhd's head of research Pong Teng Siew, the higher trading volume denoted that retail investors were active.
He said investors were focused on plantation, banking and construction counters. Hwang DBS Vickers, in its research note, expects the KLCI's uptrend to remain intact supported by a strengthening of the economic recovery and positive domestic news flow.
"After putting up a surprisingly resilient performance yesterday (Monday), there was a good chance the local market will move up today (yesterday)," it said.
Among actives, Compugates Holdings and SAAG Consolidated both added 1/2 sen each to 7.5 sen and 18.5 sen respectively and KNM Group added 1 sen to 81 sen.
Of heavyweights, Sime Darby rose 10 sen to RM9.09, Maybank increased 4 sen to RM6.90 and CIMB Group gained 12 sen to RM12.98.
Meanwhile FBM KLCI futures on Bursa Malaysia Derivatives closed higher in line with firmer cash market, dealers said.
January 2010 contract rose eight points to 1,290.0, February 2010 and March 2010 increased 7.5 points each to 1,290.0 and 1,288.0 respectively, and June 2010 gained 10 points to 1,290.0.
Total volume increased to 6,124 lots from 4,707 lots traded on Monday while open interest rose to 15,509 contracts from 14,827 previously. - Bernama
Comments
Post a Comment