KUALA LUMPUR: The FBM KLCI closed higher for the sixth straight day on Friday, July 30, helped by last minute buying in selected heavyweights and rotational plays on lower liners, dealers said.
At 5pm, the FBM KLCI rose 2.51 points or 0.19% to close at a new two-year high of 1,360.92.
The benchmark index opened 0.90 of a point lower at 1,357.51 in the morning and traded within 1,354.76 and 1,360.92 .
A dealer said the local market started the day in a negative note as players took cue from the overnight slip on Wall Street.
However, continued buying in selected blue chips such as Sime Darby in the afternoon session helped the key index to finish the day in positive territory.
OSK Research said the FBM KLCI this week had continued to inch higher after surpassing the psychological level of 1,350, something it failed to do in the previous 2009-2010 rally.
Although the index experienced great indecisiveness two days ago, the market is now trading at another new peak for the 2009-2010 rally, it said.
"The immediate technical outlook of the FBM KLCI remains bullish," it added.
At close, the Finance Index shed 2.96 points to 12,331.62, the PLANTATION [] Index declined 11.26 points to 6,399.38 but the Industrial Index gained 17.84 points to 2,667.67.
The FBM Emas Index rose 11.12 points to 9,212.77 but the FBM70 [] Index declined 18.97 points to 9,184.01 and the FBM Ace Index slipped 8.96 points to 3,794.77.
Losers led gainers 378 to 348 while 274 counters were unchanged, 364 untraded and 25 others suspended.
Volume declined to 918.318 million shares valued at RM1.422 billion from 999.630 million shares valued at RM1.481 billion yesterday.
Topping most active stocks were SAAG Consolidated which shed half sen to 7.5 sen and Time dotCom which inched up 1.5 sen to 62.0 sen.
Sinotop Holdings lost seven sen to 24.0 sen while Malton increased 8.5 sen to 50.0 sen.
Among top gainers, British American Tobacco rose RM1.02 to RM44.90 and Petronas Gas increased 45.0 sen to RM10.
As for the heavyweights, Maybank rose four sen to RM7.74 while CIMB Group declined five sen to RM7.40.
Sime Darby gained 11 sen to RM7.80 while Maxis shed two sen to RM5.29.
The Main Market volume declined to 857.246 million shares worth RM1.408 billion from 904.895 million shares valued at RM1.461 billion yesterday.
The volume of warrants eased to 28.204 million units worth RM4.293 million versus 50.583 million units worth RM7.924 million previously.
Turnover on the ACE Market also dropped to 27.826 million shares valued at RM5.207 million compared with 33.708 million shares worth RM5.529 million yesterday.
Consumer products accounted for 91.836 million shares traded on the Main Market, industrial products 118.880 million, CONSTRUCTION [] 50.161 million, trade and services 258.705 million, TECHNOLOGY [] 42.228 million, infrastructure 58.900 million, finance 63.620 million, hotels 10.671 million, PROPERTIES [] 139.207 million, plantations 14.018 million, mining nil, REITs 8.915 million, and closed/fund 105,400. -- Bernama
At 5pm, the FBM KLCI rose 2.51 points or 0.19% to close at a new two-year high of 1,360.92.
The benchmark index opened 0.90 of a point lower at 1,357.51 in the morning and traded within 1,354.76 and 1,360.92 .
A dealer said the local market started the day in a negative note as players took cue from the overnight slip on Wall Street.
However, continued buying in selected blue chips such as Sime Darby in the afternoon session helped the key index to finish the day in positive territory.
OSK Research said the FBM KLCI this week had continued to inch higher after surpassing the psychological level of 1,350, something it failed to do in the previous 2009-2010 rally.
Although the index experienced great indecisiveness two days ago, the market is now trading at another new peak for the 2009-2010 rally, it said.
"The immediate technical outlook of the FBM KLCI remains bullish," it added.
At close, the Finance Index shed 2.96 points to 12,331.62, the PLANTATION [] Index declined 11.26 points to 6,399.38 but the Industrial Index gained 17.84 points to 2,667.67.
The FBM Emas Index rose 11.12 points to 9,212.77 but the FBM70 [] Index declined 18.97 points to 9,184.01 and the FBM Ace Index slipped 8.96 points to 3,794.77.
Losers led gainers 378 to 348 while 274 counters were unchanged, 364 untraded and 25 others suspended.
Volume declined to 918.318 million shares valued at RM1.422 billion from 999.630 million shares valued at RM1.481 billion yesterday.
Topping most active stocks were SAAG Consolidated which shed half sen to 7.5 sen and Time dotCom which inched up 1.5 sen to 62.0 sen.
Sinotop Holdings lost seven sen to 24.0 sen while Malton increased 8.5 sen to 50.0 sen.
Among top gainers, British American Tobacco rose RM1.02 to RM44.90 and Petronas Gas increased 45.0 sen to RM10.
As for the heavyweights, Maybank rose four sen to RM7.74 while CIMB Group declined five sen to RM7.40.
Sime Darby gained 11 sen to RM7.80 while Maxis shed two sen to RM5.29.
The Main Market volume declined to 857.246 million shares worth RM1.408 billion from 904.895 million shares valued at RM1.461 billion yesterday.
The volume of warrants eased to 28.204 million units worth RM4.293 million versus 50.583 million units worth RM7.924 million previously.
Turnover on the ACE Market also dropped to 27.826 million shares valued at RM5.207 million compared with 33.708 million shares worth RM5.529 million yesterday.
Consumer products accounted for 91.836 million shares traded on the Main Market, industrial products 118.880 million, CONSTRUCTION [] 50.161 million, trade and services 258.705 million, TECHNOLOGY [] 42.228 million, infrastructure 58.900 million, finance 63.620 million, hotels 10.671 million, PROPERTIES [] 139.207 million, plantations 14.018 million, mining nil, REITs 8.915 million, and closed/fund 105,400. -- Bernama
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