KL shares track Wall St rally

Share prices on Bursa Malaysia opened higher this morning tracking the rally in Europe and US equity markets overnight, dealers said.

At 9.35am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 17.52 points better at 1,393.19 after opening 5.5 points higher at 1,381.17.

Major equity indices were up in United Kingdom by 3.2 per cent and Wall Street rose between 1.2 per cent and 2.3 per cent, according to HwangDBS Vickers.

Investor sentiment improved following better economic statistics and hopes that policymakers would act to contain the European debt crisis, said a dealer.

The Finance Index surged 223.69 points to 12,686.91, the Industrial Index gained 21.65 points to 2,530.9 and the Plantation Index increased 56.63 points to 6,867.87.

The FBM Emas advanced 106.271 points to 9,410.61, the FBMT100 soared 110.01 points to 9,270.47, the FBM70 rose 91.091 points to 9,936.23 and the FBM Ace added 20.5 points to 3,585.94.

Gainers outnumbered losers 252 to 60 while 141 counters were
unchanged, 1,024 untraded and 26 others were suspended.

Volume was thin with 148 million units, worth RM163.06 million, exchanging hands.

Among the actives, Malaysia Building Society was up six sen at RM1.35, Flonic Ho-Tech added 1.5 sen to 14 sen and GPRO Technologies was flat at 15.5 sen.

Among the heavyweights, Maybank rose 20 sen to RM8.21, CIMB earned 1.5 sen to RM6.98 and Sime Darby added four sen to RM8.46. -- Bernama

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