Bursa shares close on mixed note
KUALA LUMPUR, June 27 – The FTSE Bursa Malaysia KLCI (FBM KLCI) finished above the 1,600-level today, taking cue from gains on regional markets, dealers said.
However, share prices closed on a mixed note with losers outnumbering gainers 366 to 364, while 309 counters closed unchanged, 533 untraded and 36 others suspended.
The benchmark index settled at 1,601.89, inching up 7.79 points after shuffling between 1,593.560 and 1,601.89 throughout the day.
It had opened 0.37 of a point better at 1,594.47.
“Stability on global markets was reason enough for the indices to gain.
“Also, the improvement on European markets contributed to the positive backdrop here,” Inter-Pacific Research Head Pong Teng Siew said.
He said despite the gains on Wall Street and on regional markets, investors remained cautious over the outcome of the European Union leaders summit this week, fearing it would not help resolve the region’s debt crisis.
Meanwhile, Pong said anticipation over the world’s second largest initial public offering (IPO) for the listing of Felda Global Venture Holdings tomorrow, also lent support to the better sentiment today.
The Finance Index added 65.311 points to 14,250.87, the Plantation Index rose 7.24 points to 8,485.3 and the Industrial Index gained 25.36 points to 2,830.47.
The FBM Emas Index earned 34.41 points to 10,928.59, the FBM 70 Index slid 29.119 points to 11,888.44, and the FBM Ace Index improved 17.28 points to 4,310.61.
Total volume rose to 1.179 billion valued at RM1.631 billion from the 1.047 billion shares worth RM1.479 billion transacted yesterday.
The Main Market volume rose to 821.761 million shares valued at RM1.578 billion from yesterday’s 724.343 million shares worth RM1.434 billion.
Turnover on the Ace market advanced to 227.643 million units worth RM34.851 million from 216.787 million units valued at RM29.531 million previously.
Warrants increased to 127.723 million shares valued at RM16.803 million from the 104.303 million units worth RM14.403 million yesterday.
Among active stocks, Luster Industries inched down half-a-sen to 14.5 sen, Ingenuity Solutions-WA and Ingenuity Solutions each climbed one sen to 6.0 sen and 10 sen, respectively.
For the heavyweights, Maybank improved two sen to RM8.69, Sime Darby added one sen to RM9.90, CIMB was three sen up at RM7.59 and Petronas Chemicals gained four sen to RM6.49.
Consumer products accounted for 52.213 million shares traded on the Main Market, industrial products 270.494 million, construction 51.919 million, trade and services 263.266 million, technology 26.808 million, infrastructure 16.492 million, finance 48.045 million, hotels 910,900 million, properties 70.552 million, plantations 14.586 million, mining 56,000, REITs 6.352 million and 63,300 closed/fund. – Bernama