Thursday, June 10, 2010

Shares end mixed

KUALA LUMPUR: Bursa Malaysia ended mixed on Thursday, June 10 prompted by mild profit-taking activities in several CONSTRUCTION []-related stocks following the announcement of the 10th Malaysia Plan, dealers said.

However, the FBM KLCI finished 1.23 points higher at 1,291.31 after opening 0.36 of point lower at 1,289.72, aided by gains in BAT, Nestle and KPJ Health.

"The market was flat as the announcements were within market expectation. It's a long-term plan, so we cannot see any immediate impact on the market," TA Securities Senior Technical Chartist Stephen Soo said.

The Finance Index gained 35.34 points to 11,621.57, the INDUSTRIAL INDEX [] added 2.5 points to 2,577.60 and the PLANTATION [] Index rose 17.26 points to 6,094.79.

The FBM Emas Index increased 7.36 points to 8,686.55 but the FBM Ace Index dropped 11.88 points to 3,770.82 while the FBM70 [] gave up 3.29 points to 8,583.25.

Decliners led advancers 280 to 261 while 290 counters were unchanged. Volume rose to 733.253 million shares, worth RM743.080 million. - BernamaShares end mixed

KUALA LUMPUR: Bursa Malaysia ended mixed on Thursdya, June 10 prompted by mild profit-taking activities in several construction-related stocks following the announcement of the 10th Malaysia Plan, dealers said.

However, the FBM KLCI finished 1.23 points higher at 1,291.31 after opening 0.36 of point lower at 1,289.72, aided by gains in BAT, Nestle and KPJ Health.

"The market was flat as the announcements were within market expectation. It's a long-term plan, so we cannot see any immediate impact on the market," TA Securities Senior Technical Chartist Stephen Soo said.

The Finance Index gained 35.34 points to 11,621.57, the Industrial Index added 2.5 points to 2,577.60 and the Plantation Index rose 17.26 points to 6,094.79.

The FBM Emas Index increased 7.36 points to 8,686.55 but the FBM Ace Index dropped 11.88 points to 3,770.82 while the FBM70 gave up 3.29 points to 8,583.25.

Decliners led advancers 280 to 261 while 290 counters were unchanged. Volume rose to 733.253 million shares, worth RM743.080 million. - Bernama


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