Tuesday, July 13, 2010

Selected heavyweights on Bursa shine, 13/7/2010

Malaysian shares ended on a firmer note yesterday, with gains in selected heavyweights as investors took cue from an improved Wall Street last Friday, dealers said.

Gains seen mostly from Axiata Group managed to push the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) higher by 2.43 points to close at 1,326.74. It opened 0.4 point lower at 1,323.91 compared with last Friday's closing of 1,324.31.

Throughout the day, the key index moved between 1,323.55 and 1,331.74.

The Industrial Index increased 7.33 points to 2,641.18, the Plantation Index added 3.27 points to 6,277.21 and the Finance Index advanced 23.85 points to 11,975.52.

The FBM Emas Index rose 24.75 points to 8,955.63, the FBM70 Index surged 37.0 points to 8,965.27 while the FBM ACE Index slipped 20.67 points to 3,741.06.

Gainers led losers by 371 to 265 while 277 counters were unchanged, 451 untraded and 26 suspended.

Volume declined to 610.64 million shares worth RM990.825 million from last Friday's closing of 664.333 million shares worth RM1.44 billion.

Among the actives, Sinotop-OR shed 1 sen to 1/2 sen, Time Dotcom rose 1 sen to 51 sen while Talam Corp was flat at 11 sen.

Meanwhile, Malaysian Mosaics requested a suspension of trading for two days until today, pending an announcement of a corporate proposal involving shareholders of the company.

Heavyweights Maybank rose 4 sen to RM7.62, CIMB Group added 1 sen to RM7.10 and Sime Darby gained 2 sen to RM7.73.

Maxis shed 2 sen to RM5.29, MISC eased 1 sen to RM8.79, Axiata Group gained 12 sen to RM4.12 while Tenaga remained unchanged at RM8.45.

Main Market turnover slipped to 561.415 million shares worth RM980.46 million from 604.881 million shares valued at RM1.427 billion previously.

Consumer products accounted for 83.655 million shares traded on the Main Market. Industrial products 94.755 million, construction 49.352 million, trade and services 150.999 million, technology 19.565 million, infrastructure 32.533 million, finance 39.889 million, hotels 356,500, properties 57.614 million, plantations 9.429 million, mining 29,000, REITs 23.201 million and closed/fund 40,000.

Volume on the FBM ACE Market fell to 28.059 million shares worth RM3.611 million from 31.402 million shares worth RM5.011 million on Friday.

Warrants declined to 15.934 million units worth RM2.647 million from 21.921 million units valued at RM3.107 million previously. - Bernama

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