KL shares higher at mid-morning

Bursa Malaysia extended its uptrend at mid-morning today in line with firmer regional bourses following news that US congressional leaders have reached an agreement to raise debt limit and cut government spending to avoid a potentially disastrous default, dealers said. This, according to dealers, would provide confidence to global markets.

As at 11.02am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 7.70
points higher at 1,556.51 after opening 0.98 point higher at 1,549.79.

The Finance Index gained 99.10 points to 14,726.71, Plantation Index rose
9.13 points to 7,745.33 and the Industrial Index increased 15.82 points to
2,843.56.


The FBM Emas Index rose 54.62 points to 10,737.41, FBM Mid 70 Index
increased 53.75 points to 11,892.79 and the FBM Ace Index gained 13.69 points to 4,135.49.

Gainers beat losers by 394 to 157, 228 counters were unchanged and 732 were
untraded and 33 counters suspended. Turnover stood at 328.034 million shares worth RM326.963 million.

Among actives, Jotech Holdings was unchanged at 15.5 sen, Ingenuity
Solutions added half sen to 5.5 sen, DVM Technology rose 1.5 sen to 17 sen and Eastern & Oriental gained 11 sen to RM1.67.

In heavyweights, Maybank rose six sen to RM8.82, CIMB advanced 13 sen to
RM8.40 and Petronas Chemicals increased 11 sen to RM6.96. Sime Darby, however, slipped two sen to RM9.13. -- Bernama