KL shares firmer on buying of finance stocks
Share prices on Bursa Malaysia ended higher yesterday, lifted by gains in finance-related stock such as CIMB Group, dealers said.
The benchmark index opened 0.42 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 on a mixed note as investors were worried about the health of the global economy after mixed corporate results and a fall in US consumer confidence data.
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.
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 rose to 847.160 million shares worth RM1.251 billion from 731.634 million shares valued at RM1.33 billion on Tuesday.
Topping the most active stocks was Main Market debutant Ivory Properties which ended 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 7 sen to RM1.51 and Berjaya Corp added 6 sen to RM1.09.
For the heavyweights, Maybank lost 1 sen to RM7.70 while CIMB Group climbed 9 sen to RM7.49.
Sime Darby went down 3 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 on 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. - Bernama
At the close, 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 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 on a mixed note as investors were worried about the health of the global economy after mixed corporate results and a fall in US consumer confidence data.
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.
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 rose to 847.160 million shares worth RM1.251 billion from 731.634 million shares valued at RM1.33 billion on Tuesday.
Topping the most active stocks was Main Market debutant Ivory Properties which ended 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 7 sen to RM1.51 and Berjaya Corp added 6 sen to RM1.09.
For the heavyweights, Maybank lost 1 sen to RM7.70 while CIMB Group climbed 9 sen to RM7.49.
Sime Darby went down 3 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 on 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. - Bernama
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