Wednesday, July 18, 2012

Record close,day two

SHARE prices closed higher for the second consecutive day with buying interest seen in telecommunication blue chips, dealers said.

The FTSE Bursa Malaysia KLCI (FBM KLCI) ended up 3.19 points at 1,639.15, a fresh all-time high.

A dealer said the market was riding on a stronger ringgit and optimism on China's economic growth, but the uptrend was limited by profit-taking activities.

The Finance Index dropped 30.7 points to 14,623.5, Plantation Index declined 27.58 points to 8,821.56, while the Industrial Index increased 2.55 points to 2,865.08.

The FBM Emas Index rose 24.43 points to 11,217.10, FBM ACE Index was 1.97 points higher at 4,358.59 and the FBMT100 increased 25.5 points to 11,034.51.

Decliners led advancers 409 to 401, while 314 counters closed unchanged, 455 untraded and 10 others were suspended.

Total volume rose to 1.347 billion shares valued at RM2.013 billion, from 1.112 billion shares valued at RM1.509 billion.

Among actives, OCK Group, which debut yesterday gained 8.5 sen to 44.5 sen, Axiata added 16 sen to RM6, GPRO Technologies earned half-a-sen to 21 sen and Media Chinese garnered 30 sen to RM1.65 while AT Systematization lost 1.5 sen to 21.5 sen.

Among heavyweights, Maybank shed five sen to RM8.74, CIMB lost three sen to RM7.86, Sime Darby added one sen to RM9.96, Petronas Chemicals gained three sen to RM6.60, while Tenaga was flat at RM6.70.

Meanwhile, FBM KLCI futures closed higher, buoyed by the cash market.

July 2012 rose 10 points to 1,642.5, August 2012 gained 11 points to 1,644, September 2012 added 9.5 points to 1,642 and December 2012 earned nine points to 1,638.5. Bernama

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