Thursday, July 29, 2010

Share prices close higher, CI up for fifth straight day

KUALA LUMPUR: Share prices on Bursa Malaysia closed higher on Thursday, July 29, boosted by continued buying in selected blue chips as well as
lower liners, dealers said.

At 5pm, the FBM KLCI rose 3.22 points or 0.24% to close at 1,358.41, to stay high for the fifth straight day.

It had opened 0.59 of a point higher at 1,355.78 in the morning and traded at between an intra-day high of 1,359.27 and a low of 1,353.16 during the
session.

A dealer said late gains in most regional markets had prompted buying interest in the local market.

He also said the local market traded mixed in the early session today on some profit-taking activities as investors took cue from a weaker overnight Wall
Street.

However, persistent buying in selected heavyweights, especially in afternoon session helped the key index stay above the 1,350-point level.

At close, the Finance Index eased 6.64 points to 12,334.58, the PLANTATION [] Index declined 6.30 points to 6,410.64 and the INDUSTRIAL INDEX [] slipped 23.35 points to 2,649.83.

The FBM Emas Index gained 23.28 points to 9,201.65, the FBM70 [] Index increased 28.64 points to 9,202.98 and the FBM Ace Index added 4.55 points to 3,803.73.

Advancers led decliners by 386 to 345 while 279 counters were unchanged, 358 untraded and 27 others suspended.

Volume increased to 999.630 million shares valued at RM1.481 billion from 847.160 million shares worth RM1.251 billion yesterday. -- Bernama


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