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Local bourse higher on selective buying
by hlk Tue 20 Mar 2012, 18:40
KUALA LUMPUR: Bursa Malaysia closed mixed today amidst cautious trading on Asian markets, dealers said.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.02 points to close at 1,577.62, after opening 1.62 points higher at 1,575.22.
OSK Research director Chris Eng told Bernama that the local bourse was today driven mainly by Tenaga Nasional Bhd (TNB), IOI and MMC Corp.
"TNB shares rose on optimism over its upcoming result and MMC on the MRT contract award, while IOI was basically on a technical rebound," he said.
Commenting on the Asian bourses, Eng said the markets were weaker despite a fairly positive lead from US trade.
The Finance Index jumped 17.07 points to 14,198.37, while the Industrial Index gained 6.42 points to 2,847.52 and the Plantation Index increased 38.97 points to 8,629.17.
The FBM 70 Index surged 45.97 points to 12,167.59 but the FBM ACE Index slipped 53.35 points to 4,586.25.
The FBM Emas Index, however, improved 26.67 points to 10,878.94.
Losers led gainers by 431 to 314 while 376 counters were unchanged, 373 untraded and 21 others suspended.
Turnover increased to 2.14 billion shares worth RM1.76 billion from the 1.8 billion shares worth RM1.51 billion on Monday.
Among active stocks, Ariantec Global slipped 3.5 sen to 14.5 sen and Metronic Global eased two sen to 11 sen, while Naim Indah added three sen to 56.5 sen.
Among heavyweights, Maybank and CIMB earned one sen each to RM8.73 and RM7.65 respectively, while Petronas Chemicals eased three sen RM6.71 and Sime Darby was flat at RM9.74.
Volume on the Main Market rose to 1.08 billion shares worth RM1.62 billion from the 1.06 billion shares worth RM1.42 billion yesterday.
Turnover on the ACE market improved to 885.096 million units valued at RM123.31 million against the 688.61 million units valued at RM84.115 million previously.
Warrants advanced to 104.33 million units worth RM12.1 million versus the 57.6 million units worth RM6.1 million previously.
Consumer products accounted for 97.61 million shares traded on the Main Market, industrial products 167.98 million, construction 57.697 million, trade and services 573.09 million, technology 15.87 million, infrastructure 23.42 million, finance 52.36 million, hotels 643,100, properties 60.67 million, plantations 15.17 million, mining 13,000, REITs 7.31 million and closed/fund
24,000. - BERNAMA
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.02 points to close at 1,577.62, after opening 1.62 points higher at 1,575.22.
OSK Research director Chris Eng told Bernama that the local bourse was today driven mainly by Tenaga Nasional Bhd (TNB), IOI and MMC Corp.
"TNB shares rose on optimism over its upcoming result and MMC on the MRT contract award, while IOI was basically on a technical rebound," he said.
Commenting on the Asian bourses, Eng said the markets were weaker despite a fairly positive lead from US trade.
The Finance Index jumped 17.07 points to 14,198.37, while the Industrial Index gained 6.42 points to 2,847.52 and the Plantation Index increased 38.97 points to 8,629.17.
The FBM 70 Index surged 45.97 points to 12,167.59 but the FBM ACE Index slipped 53.35 points to 4,586.25.
The FBM Emas Index, however, improved 26.67 points to 10,878.94.
Losers led gainers by 431 to 314 while 376 counters were unchanged, 373 untraded and 21 others suspended.
Turnover increased to 2.14 billion shares worth RM1.76 billion from the 1.8 billion shares worth RM1.51 billion on Monday.
Among active stocks, Ariantec Global slipped 3.5 sen to 14.5 sen and Metronic Global eased two sen to 11 sen, while Naim Indah added three sen to 56.5 sen.
Among heavyweights, Maybank and CIMB earned one sen each to RM8.73 and RM7.65 respectively, while Petronas Chemicals eased three sen RM6.71 and Sime Darby was flat at RM9.74.
Volume on the Main Market rose to 1.08 billion shares worth RM1.62 billion from the 1.06 billion shares worth RM1.42 billion yesterday.
Turnover on the ACE market improved to 885.096 million units valued at RM123.31 million against the 688.61 million units valued at RM84.115 million previously.
Warrants advanced to 104.33 million units worth RM12.1 million versus the 57.6 million units worth RM6.1 million previously.
Consumer products accounted for 97.61 million shares traded on the Main Market, industrial products 167.98 million, construction 57.697 million, trade and services 573.09 million, technology 15.87 million, infrastructure 23.42 million, finance 52.36 million, hotels 643,100, properties 60.67 million, plantations 15.17 million, mining 13,000, REITs 7.31 million and closed/fund
24,000. - BERNAMA
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