Bursa shares end on firm note again

July 11, 2012

KUALA LUMPUR, July 11 – Share prices on Bursa Malaysia closed on a firm note again today, buoyed by persistent buying interests in selected blue-chips, dealers said.

At 5pm, the benchmark FBM KLCI rose 5.16 points to a high of 1,629.45. It opened 3.23 points lower at 1,621.06.

The index touched an intra-day high of 1,632.15 and intra-day low of 1,621.06.

TA Securities senior technical chartist, Stephen Soo, told Bernama the index was helped by gains in selected plantation counters like Kuala Kepong (KLK), BLD Plantation, TDM, Kulim Malaysia and Felda Global Ventures (FGV).

KLK and BLD Plantation rose 18 sen each to RM24.30 and RM8.78 respectively, TDM surged 24 sen to RM4.75, Kulim Malaysia jumped 28 sen to RM5.31 and FGV rose eight sen to RM5.50.

Soo expected the local index to continue its rally until it reached its resistance level at around 1,650.0 and profit-taking would set in.

The Finance Index surged 42.26 points to 14,608.85 and the Plantation Index was up 80.011 points to 8,916.61.

The Industrial Index eased 2.11 points to 2,868.27.

The FBM Emas rose 30.25 points to 11,156.95 and the FBM 70 Index jumped 14.131 points to 12,309.98.

The FBM Ace Index fell 3.31 points to 4,444.61.

Gainers led losers by 406 to 364 while 340 counters were unchanged, 467 untraded and 12 others suspended.

Turnover rose to 1.34 billion shares worth RM2.49 billion from 1.13 billion shares worth RM1.54 billion yesterday.

Of the actives, Naim Indah rose 2.5 sen to 32.5 sen and Axiata jumped 19 sen to RM5.76. GPRO Techologies fell half sen to 19.5 sen.

Among the heavyweights, Maybank was up two sen to RM8.76, Sime Darby and Petronas Chemicals rose one sen each to RM9.95 and RM6.56, respectively while CIMB surged five sen to RM7.86. – Bernama