FBMKLCI breaches 1,400 points in 30 months
Strong support on banking stocks and key heavyweight counters pushed Bursa Malaysia's barometer above the 1,400-point level yesterday
The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) extended last week's gain to finish at a fresh 31-month high of 1,403.15, a 8.13-point increase compared with Friday's closing.
Dealers said expectations of positive corporate earnings sustained the market's overall trend.
Kenanga Research said the FBM KLCI continued to show exceptional strength, fuelled by liquidity and expectations of better corporate earnings.
It expected the key index to see immediate resistance at the 1,407-point level.
The Finance Index surged 94.95 points to 12,743.07 while the Plantation index dwindled 0.47 point to 6,535.97. The Industrial Index rose 4.79 points to 2,690.57.
Turnover was lower at 805.113 million shares worth RM1.338 billion from 834.468 million shares worth RM1.341 billion last Friday.
Decliners beat advancers by 465 to 291 while 270 counters closed unchanged, 346 untraded and 43 suspended.
Focus Point debuted on the ACE market at 40 sen, up 1 sen from its issue price of 39 sen. The counter closed 3 sen lower at 36 sen.
Among Heavyweights, Maybank gained 1 sen to RM8.14, CIMB advanced 22 sen to RM7.92, Sime Darby rose 2 sen to RM7.83 and Maxis was unchanged at RM5.43.
The Main Market volume declined to 692.091 million shares worth RM1.315 billion from 720.21 million shares worth RM1.32 billion.
Warrants increased to 63.32 million units valued at RM10.65 million from 46.22 million units valued at RM7.01 million.
Turnover on the ACE Market fell to 45.841 million units worth RM9.931 million from 65.79 million units worth RM13.02 million.
Consumer products accounted for 58.3 million shares traded on the Main Market, industrial products 115.3 million, construction 48.8 million, trade and services 211.2 million, technology 29.5 million, infrastructure 30.2 million, finance 81.2 million, hotels 2.02 million, properties 94.4 million, plantations 11.7 million, mining 192,400, REITs 8.97 million, and closed/fund 104,700. - Bernama
The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) extended last week's gain to finish at a fresh 31-month high of 1,403.15, a 8.13-point increase compared with Friday's closing.
Dealers said expectations of positive corporate earnings sustained the market's overall trend. It expected the key index to see immediate resistance at the 1,407-point level.
The Finance Index surged 94.95 points to 12,743.07 while the Plantation index dwindled 0.47 point to 6,535.97. The Industrial Index rose 4.79 points to 2,690.57.
The FBM Emas Index gained 31.92 points to 9,438.93 but the FBM70 Index slipped 3.53 points to 9,314.06 and the FBM ACE Index lost 11.71 points to 3,825.4.
Turnover was lower at 805.113 million shares worth RM1.338 billion from 834.468 million shares worth RM1.341 billion last Friday.
Decliners beat advancers by 465 to 291 while 270 counters closed unchanged, 346 untraded and 43 suspended.
Among active stocks, Talam Corp was unchanged at 10.5 sen, AE Multi Holdings gained 1/2 sen to 46.5 sen and SAAG Consolidated was flat at 6.5 sen.
Among Heavyweights, Maybank gained 1 sen to RM8.14, CIMB advanced 22 sen to RM7.92, Sime Darby rose 2 sen to RM7.83 and Maxis was unchanged at RM5.43.Warrants increased to 63.32 million units valued at RM10.65 million from 46.22 million units valued at RM7.01 million.
Turnover on the ACE Market fell to 45.841 million units worth RM9.931 million from 65.79 million units worth RM13.02 million.
Consumer products accounted for 58.3 million shares traded on the Main Market, industrial products 115.3 million, construction 48.8 million, trade and services 211.2 million, technology 29.5 million, infrastructure 30.2 million, finance 81.2 million, hotels 2.02 million, properties 94.4 million, plantations 11.7 million, mining 192,400, REITs 8.97 million, and closed/fund 104,700. - Bernama
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