KUALA LUMPUR, Nov 20 – Share prices on Bursa Malaysia ended mixed in cautious trading today with last-minute buying, particularly in finance and industrial stocks and selected heavyweights, helping push the Composite Index into positive territory, a dealer said.
At the end of trading, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) edged up 0.89 of a point to close at 1,624.20.
A dealer said the market swung between gains and losses with most investors awaiting a clearer picture of the US fiscal cliff issues as well as renewed concerns on economic development in Europe.
They said the local bourse was also mirroring a mixed trend across the region after Moody’s downgraded France to Aa1 from Aaa and maintained a negative projection, adding to the fears over Europe’s debt burden.
Market breadth was negative with losers leading gainers by 358 to 298, while 362 counters were unchanged, 630 untraded and 18 others suspended.
Volume rose to 1.02 billion shares worth RM1.69 billion from the 848.81 million shares worth RM1.112 billion yesterday.
The Finance Index rose 20.06 points to 15,017.38 and the Industrial Index was up 1.1 points to 2,785.02, while the Plantation Index lost 28.17 points to 7,940.63.
The FBM Ace Index fell 11.04 points to 4,236.64 and the FBM Emas Index rose 4.78 points to 11,096.98, with the FBMT100 gaining 5.24 points to 10,933.35. The FBM Mid 70 Index improved 2.36 points to 12,237.20.
Among actives, KNM Group-Wa rose 9.5 sen to 10 sen, Karambunai Corp lost 2.5 sen to 14 sen and KNM Group fell 1.5 sen to 48 sen.
Of the heavyweights, Maybank added one sen to RM9.04, Sime Darby was flat at RM9.53 and CIMB increased four sen to RM7.67.
Volume on the Main Market rose to 840.75 million units worth RM1.67 billion from 657.242 million units worth RM1.08 billion yesterday.
Turnover on the ACE market fell to 86.18 million shares valued at RM17.57 million from 100.02 million shares valued at RM18.71 million previously.
Warrants rose to 90.41 million units worth RM4.94 million from the 87.69 million units worth RM5.38 million previously.
Consumer products accounted for 58.33 million shares on the Main Market, industrial products 246.15 million, construction 29.85 million, trade and services 281.85 million, technology 31.54 million, infrastructure 27.52 million, finance 49.37 million, hotels 3.81 million, properties 90.03 million, plantations 17.97 million, mining 57,000, REITs 4.26 million and closed/fund 38,000. – Bernama