Share prices end morning session on mixed note

KUALA LUMPUR, Jan 9 – Share prices on Bursa Malaysia ended the morning session on a mixed note today, supported by strong buying interest in selected heavyweights and blue-chips, dealers said.

At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.74 points higher at 1,691.65, after opening 2.85 points better at 1,691.76.

HLIB Research in its note said it still expects the KLCI to test the 1,700 barrier in the near term, after a brief profit taking consolidation to neutralise the overbought positions, as the KLCI had surged 6.9 per cent from a low of 1,591 on Nov 28, 2011 to a high of 1,700 on Jan 4.

“We believe that strong buying would return to around the 1,658-1,668 zones with the resistance zones at 1,700-1,735,” it added.

On the local front, the Finance Index surged 0.89 of a point to 15,386.94, the Industrial Index rose 0.98 of a point to 2,798.67 and the Plantation Index went up 2.08 points to 8,201.07.

The FBM Emas Index advanced 9.63 points to 11,493.96,the FBMT100 gained 8.66 points to 11,342, while the FBM Mid 70 Index was down 35.07 points to 12,475.57 and the FBM Ace Index lost 19.94 points to 4,231.14.       

Losers led gainers by 312 to 258, with 294 counters unchanged, 771 untraded and 24 others suspended.

Trading was mild with total volume of 581.23 million shares worth RM654.31 million.

Among actives, Patimas Computers rose half-a-sen to six sen, DSC Solutions lost half-a-sen to 16.5 sen and Flonic Hi-Tec Warrant gained half-a-sen to 5.5 sen.

Of the heavyweights, Maybank was flat at RM9.04, Sime Darby lost two sen to RM9.59 while Axiata increased two sen to RM6.71. – Bernam



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