KUALA LUMPUR, July 10 — Share prices on Bursa Malaysia ended the week mixed with most investors staying on the sidelines ahead of the weekend amid lack of fresh leads and weak underlying sentiment, dealers said.
However, continued interest in key stocks like Tenaga Nasional and newly-listed Xingquan International kept the FBM KLCI up, they said.
At close, the FBM KLCI added 2.08 points to 1,067.76 after opening 0.98 of a point lower at 1,064.7 and touching an intra-day high of 1,072.3.
“There are many technical indicators that support a downside in the short term. The low volume basically confirms the cautious sentiment of traders,” said MIMB Investment in its research note.
The Plantation Index was up 25.37 points at 5,260.82 at close while the Industrial Index shed 2.2 points to 2,372.38, the Finance Index fell 21.60 points to 8,552.22 and the FBMEmas Index rose 18.19 points to 7,197.74.
The FBM Top 100 increased 20.49 points to 7,007.81, the FBM70 gained 48.02 points to 7,121.64 and the FBMMesdaq Index dropped 14.11 points to 3,866.73 but the FBM2BRD Index was 6.32 points higher at 4,709.49.
Advancers led decliners by 285 to 260 while 220 counters were unchanged, 467 untraded and 35 others suspended.
Total volume declined to 681.782 million shares worth RM1.110 billion from 697.589 million shares worth RM1.146 billion yesterday.
China’s shoe manufacturer Xingquan International Sports Holdings Ltd, the first foreign company to be directly listed on Bursa Malaysia’s Main Board, recorded a 12 sen premium on its debut at RM1.83.
Xingquan, which saw its share price ended at RM1.78, up by seven sen, was the most active today, having touched an intra-day high of RM1.91.
Among the other active counters, KNM Group went down 1.5 sen to 73 sen, UEM Land was flat at RM1.42, Talam Corp-RCPS dropped half sen to eight sen and Sino Hua-An was 2.5 sen lower at 49.5 sen.
Of the heavyweights, Tenaga Nasional rose 30 sen to RM7.90 and Maybank slipped 15 sen to RM5.65 while Sime Darby, Bumiputra-Commerce and IOI Corp were all unchanged at RM7.20, RM9.20 and RM4.54 respectively.
The Main Board volume declined to 593.695 million shares valued at RM1.082 billion from 623.643 million shares valued at RM1.119 billion yesterday.
Turnover on the Second Board, however, increased to 45.753 million shares worth RM20.54 million from 42.083 million shares worth RM21.296 million previously.
The Mesdaq volume was higher at 26.616 million shares valued at RM4.334 million compared to 18.604 million shares valued at RM2.794 million yesterday.
Warrants went up to 13.539 million shares worth RM2.043 million from 10.012 million shares worth RM1.325 million previously.
On a sectoral basis, consumer products accounted for 70.334 million shares traded on the Main Board, industrial products 107.024 million, construction 34.623 million, trade/services 185.552 million, technology 7.393 million, infrastructure 19.507 million, finance 41.698 million, hotels 2.017 million, properties 107.252 million, plantations 15.711 million, mining 91,000, REITs 2.454 million, and closed/fund 33,500. – Bernama
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