Bursa ends higher on buying interest
KUALA LUMPUR, June 6 – Share prices on Bursa Malaysia ended in positive territory today on continued buying interest, particularly in finance and plantation counters, dealers said.
At close, the FTSE Bursa Malaysia KLCI (FBM KLCI), rose 9.07 points to 1,569.43 after hovering between 1,563.62 and 1,572.30.
The local market started the day on a positive note as investors took cue from the higher overnight close on Wall Street.
The dealers said market sentiment was also generally lifted by positive leads from regional markets.
“The overnight positive close on Wall Street amid some upbeat economic data from the United States is contributing to the firm trend in the region,” they added.
Another dealer said trading was narrow with most investors remaining on the sidelines as investors took a cautious stance on the eurozone economic crisis.
He said there is no clear solution to the European debt problems, although Finance Ministers from the Group of Seven (G7) major economies have agreed to work together to deal with the issues in Spain and Greece, but took no joint action.
The Finance Index rose 68.48 points to 14,053.39 and the Plantation Index added 73.33 points to 8,283.37 and the Industrial Index increased 22.06 points to 2,743.29.
The FBM Emas Index improved 61.62 points to 10,690.85 and the FBM Mid 70 Index jumped 75.92 points to 11,589.49, while the FBM ACE Index dipped 14.77 points to 4,156.78.
Market breadth was positive with advancers leading decliners by 397 to 305 while 343 counters were unchanged, 509 untraded and 19 others suspended.
Turnover rose to 699.96 million shares worth RM1.14 billion from the 637.97 million shares worth RM923.14 million yesterday. – Bernama