KL shares close mostly higher
KUALA LUMPUR, July 3 – Share prices on Bursa Malaysia closed mostly higher today in line with gains in regional markets driven by hopes that policymakers will act to boost growth in view of weak manufacturing data released by major economies, dealers said.
The benchmark FBM KLCI, which stayed above the 1,600-point level, gained 6.89 points to close at 1,607.74.
Weaknesses in economic data, dealers said, pointed to more stimulus measures from central banks and interest rate cut.
The Finance Index surge 91.771 points to 14,358.04, Plantation Index added 47.319 points to 8,543.51 and the Industrial Index rose 2.69 points to 2,850.04.
The FBM Emas rose 44.71 points to 10,985.74 and FBM 70 Index gained 32.88 points to 12,025.05.
The FBM Ace Index declined 45.36 points to 4,335.34.
Gainers led losers by 390 to 327 while 323 counters were unchanged, 511 untraded and 11 others suspended.
Turnover increased to 1.25 billion shares worth RM1.84 billion from 1.08 billion shares worth RM1.284 billion yesterday.
Of the actives, Ingenuity Solutions warrants fell a sen to five sen, Luster Industries slipped a sen to 11 sen and Flonic Hi-Tec Warrants ease a sen to five sen.
Ingenuity Solutions rose half sen to 12 sen.
In heavyweights, Sime Darby rose one sen to RM9.90, CIMB increased 15 sen to RM7.70 and Petronas Chemicals gained four sen to RM6.46.
Maybank decreased one sen to RM8.70. – Bernama