KUALA LUMPUR, Nov 10 — Share prices on Bursa Malaysia retained their upward trend today with the bechmark index up 0.5 per cent, supported by strong interest on finance stocks amid the positive prospect for the country’s economic growth, dealers said.
The local bourse also took cue from the overnight rally on Wall Street as the US dollar slid and G20 nations agreed to maintain the economic stimulus efforts.
At close, the FTSE Bursa Malaysia Kuala Lumpur Composite Index was up 6.33 points to 1,274.08 after trading at an intraday high of 1,277.81. It had opened 5.89 points higher at 1,273.64 this morning.
Some of the earlier gains were however erased by mild profit taking activities later.
The FBM Emas Index gained 33.63 points to 8,505.94, the FBM Top 100 advanced 39.20 points to 8,297.47 and the FBM 70 shot up 30.63 points to 8,178.89.
The FBM ACE Index however, lost 59.56 points to 4,621.80.
The Finance Index surged 82.71 points to 10,874.51, the Industrial Index rose 6.84 points to 2,716.59 and the Plantation Index was 13.53 points higher at 6,211.95.
Gainers led losers by 358 to 325 while 268 counters were unchanged and 319 others untraded.
A total of 1.258 billion shares worth RM1.352 billion changed hands today, up from 1.100 billion shares worth 1.179 billion transacted yesterday.
Turnover on the Main Market rose to 1.019 billion shares worth RM1.310 billion compared with yesterday’s closing volume of 938.908 million shares worth RM1.138 billion.
The ACE Market volume, however declined to 102.361 million shares worth RM28.433 million versus 113.044 million shares worth RM23.758 million previously.
Warrants’ volume increased to 20.325 million units worth RM4.535 million from 16.180 million units worth RM3.419 million yesterday.
Leading the actives, Talam edged down one sen to 11.5 sen, Nam Fatt was up 3.5 sen to 33.5 sen, Poh Huat lost 6.5 sen to 53.5 sen, Multi Sports fell 7.5 sen to 61.5 sen and KNM Group gave up 1.5 sen top 79.5 sen.
Panasonic was the top gainer, up 40 sen to RM12.60, while the top loser was KFC which lost 37 sen to RM7.33.
Pelikan, which is aiming for RM5 billion in revenue by 2012, ended 12 sen higher at RM1.54.
Among the heavyweights, CIMB Group climbed 18 sen to close at RM12.82, AMMB Holdings perked up 11 sen to RM4.90 and Kuala Lumpur Kepong gained 18 sen to RM15.28.
Consumer products accounted for 115.847 million shares traded on the Main Market, industrial products 161.051 million, construction 104.709 million, trade and services 296.931 million, technology 54.342 million, infrastructure 21.334 million, finance 41.650 million, hotels 2.646 million, properties 176.608 million, plantations 42.786 million, mining 12,000, REITs 904,400, and closed/fund 39,000. — Bernama
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