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FBM KLCI closes higher

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FBM KLCI closes higher Empty FBM KLCI closes higher

Post by hlk Mon 19 Dec 2011, 19:07

Shares prices on Bursa Malaysia ended mixed today amid gains in selected
bluechips which bucked regional and global trends where markets were
generally down following the death of North Korean leader Kim Jong-il.

The
FTSE Bursa Malaysia KLCI (FBM KLCI) climbed 11.56 points or 0.788 per
cent higher to close at 1,477.78. It had opened at 1,466.78, up 0.56 of a
point from last Friday's closing and hovered between the 1,463.27 and
1,477.78 throughout the day.

Jupiter Securities head of research
Pong Teng Siew said although the FBM KLCI key indices fluctuated in the
earlier session, following the news of the North Korean leader's death,
the key indices however bounced back on bullish internal sentiments.

He
said the bluechips and stocks of government-linked companies like
Petronas Gas, Axiata and Tenaga Nasional advanced amid rumours that the
general election could be taking place in the near term.






Bursa was also up after the recent oversold situation as well as
technical buying and year-end window-dressing, Pong told Bernama.

Petronas Gas added 12 sen to RM14.10, Axiata gained 14 sen to RM5.00 and Tenaga Nasional advanced one sen to RM5.45.

Losers leads gainers by 445 to 315 while 283 counters were unchanged and 437 others untraded.

Turnover was lower at 1.6 billion shares worth RM1.03 billion from 1.8 billion shares worth RM1.33 billion last week.

The
Finance Index rose 20.41 points to 13,179.00, the Plantation Index was
up 23.96 points to 7,888.07 and the Industrial Index increased 15.82
points to 2,665.34.

The FBM Emas Index gained 62.42 points to
10,116.91, the FBM Mid 70 Index rose 19.97 points to 11,080.55 but the
FBM Ace Index fell 32.48 points to 4,100.77. -- Bernama
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