Share prices rebound in early trading on positive news from euro zone
UPDATED @ 12:06:07 PM 13-06-2012
KUALA LUMPUR, June 13 — Share prices on Bursa Malaysia rebounded in early trading today after yesterday's loss as investors took stock of positive news on euro zone economies, dealers said.
Ten minutes after opening, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.62 points to 1,577.69 compared with Tuesday's closing at 1,576.07.
Dealers said as investors were wary on what was happening in euro zone, pushing some investors to the bond market had resulted an euro-era record high for the Spanish bond yields.
The Finance Index increased 11.10 points to 14,136.37 while the Plantation Index declined 14.22 points to 8,338.28 but the Industrial Index rose 10.14 points to 2,789.92.
The FBM Emas Index was 12.84 points higher at 10,759.61, the FBM Mid 70 Index advanced 14.88 points to 11,717.33, the FBM T100 jumped 11.35 points to 10,591.34 and the FBM ACE Index improved 8.95 points to 4,188.26.
Gainers led losers 126 to 33 while 109 counters were unchanged.
A total of 276,039 lots worth RM20.689 million were transacted.
Actives, MAS-CG and Esceram added one sen each to 3.5 sen and 10 sen respectively while Fajar rose five sen to RM1.13.
Heavyweights, Maybank added one sen to RM8.74, CIMB and Sime Darby rose three sen each to RM7.53 and RM9.76 respectively while Petronas Chemicals was up two sen to RM6.44. — Bernama