Share prices end morning session on stead note

KUALA LUMPUR, Jan 23 – Share prices on Bursa Malaysia ended the morning session on a steady note today, recovering from recent losses on renewed buying interest, dealers said.

The FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.44 points to 1,634.1 after hovering between 1,622.54 and 1,635.9 throughout the morning session.

A dealer said investors have started to return to the market after the local bourse experienced sharp decline over the past three days.

The Finance Index surged 73.01 points to 14,875.94, the Industrial Index added 9.63 points to 2,731.93 and the Plantation Index gained 5.8 points to 8,002.69.

The FBM Emas Index jumped 35.5 points to 11,111.16, the FBMT100 advanced 34.17 points to 10,959.92, the FBM Mid 70 Index perked 26.8 points to 12,072.62 and the FBM Ace Index increased 6.88 points to 4,144.26.

Gainers led losers by 340 to 214 while 272 counters were unchanged, 833 untraded and 28 others suspended.

Volume stood at 464.5 million shares worth RM653.3 million.

Among actives, Patimas Computers eased one sen to 12 sen, but Industronics added 4.5 sen to 60 sen, Tiger Synergy gained one sen to 34 sen and The Media Shoppe earned half-a-sen to 9.5 sen.

As for heavyweights, Maybank gained four sen to RM8.91, CIMB was one sen higher at RM7.23, while Sime Darby and Axiata Group rose five sen each to RM9.27 and RM6.41, respectively.

The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives were traded higher at mid-day Wednesday in tandem with better cash market, dealers said.

January 2013, February 2013 and March 2013 gained 9.5 points each to 1,630.5, 1,625 and 1,627.5, respectively, while June 2013 rose nine points to 1,625.

Turnover stood at 5,760 lots while open interest stood at 36,157 contracts.

The underlying FBM KLCI was up 5.44 points to 1,634.1. – Bernama



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