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NewsFBMKLCI ends 0.6pc higher
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FBMKLCI ends 0.6pc higher
by hlk Wed 21 Sep 2011, 21:57
Share prices on Bursa Malaysia ended the day higher, boosted by buying support from institutional fund managers in selected heavyweights, amid rising fears over the weakening global economy, dealers said.
Sime Darby, the highest contributor to the FTSE Bursa Malaysia KLCI (FBM KLCI) today, push the benchmark index up 8.4 points to end at 1,419.04.
The market barometer, which opened 2.81 points higher at 1,413.45, moved between 1,408.73 and 1,422.35 points, throughout the day.
Turning to developments abroad, all eyes are now on the US Federal Open Market Committee meeting, scheduled later today, which is expected to further ease monetary measures to address its anemic economic growth.
UOB Economic Treasury Report said a third quantitative easing was not probably on the cards now but expectations were for the
US Federal Reserve to embark on a twist operation of purchasing longer-dated US Treasuries and to sell an amount of shorter-dated Treasuries.
Besides, UOB also said the Greek Cabinet was also scheduled to meet later today and announce more austerity measures and front-loading of existing measures.
On local front, the Finance Index improved 24.021 points to 13,189.65, the Plantation Index increased 24.23 points to 7,269.59 and the Industrial Index rose 23.2 points to 2,614.88.
The FBM Emas Index advanced 49.601 points to 9,633.45, the FBM70 Index was up 39.57 points at 10,239.21, the FBMT100 jumped 51.931 points to 9,465.44 and the FBM Ace went up 16.63 points to 3,707.35.
Advancers led decliners 350 to 289 while 287 counters were unchanged, 558 untraded and 25 others were suspended.
Total market volume declined to 708.059 million shares, worth RM1.156 billion, from Tuesday's 784.626 million units valued at RM1.418 billion. -- Bernama
Sime Darby, the highest contributor to the FTSE Bursa Malaysia KLCI (FBM KLCI) today, push the benchmark index up 8.4 points to end at 1,419.04.
The market barometer, which opened 2.81 points higher at 1,413.45, moved between 1,408.73 and 1,422.35 points, throughout the day.
Turning to developments abroad, all eyes are now on the US Federal Open Market Committee meeting, scheduled later today, which is expected to further ease monetary measures to address its anemic economic growth.
UOB Economic Treasury Report said a third quantitative easing was not probably on the cards now but expectations were for the
US Federal Reserve to embark on a twist operation of purchasing longer-dated US Treasuries and to sell an amount of shorter-dated Treasuries.
Besides, UOB also said the Greek Cabinet was also scheduled to meet later today and announce more austerity measures and front-loading of existing measures.
On local front, the Finance Index improved 24.021 points to 13,189.65, the Plantation Index increased 24.23 points to 7,269.59 and the Industrial Index rose 23.2 points to 2,614.88.
The FBM Emas Index advanced 49.601 points to 9,633.45, the FBM70 Index was up 39.57 points at 10,239.21, the FBMT100 jumped 51.931 points to 9,465.44 and the FBM Ace went up 16.63 points to 3,707.35.
Advancers led decliners 350 to 289 while 287 counters were unchanged, 558 untraded and 25 others were suspended.
Total market volume declined to 708.059 million shares, worth RM1.156 billion, from Tuesday's 784.626 million units valued at RM1.418 billion. -- Bernama
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