KUALA LUMPUR:'' Share prices on Bursa Malaysia closed higher on Tuesday, Aug 17 with the FBM KLCI closing 0.57 per cent or 7.89 points higher at 1,378.47, a level last seen in February 2008.
Sentiment was boosted by renewed buying of finance stocks and heavyweights including Genting Malaysia and Genting, dealers said.
Topping the gainers list was Genting Malaysia, which rose 17 sen to RM2.99, and Genting, which advanced 21 sen to RM8.93, after its Singapore-listed associate reported a strong second-quarter profits.
Genting is the parent company to both Genting Malaysia and Singapore Plc.
A dealer said investors also bought into finance-related stocks on expectations banks would see a double-digit growth for their trade-financing business this year due to growing intra-Asia trade.
Maybank was also among the top gainers, ahead of its corporate earnings announcement soon, the dealer said. Its shares gained three sen to RM7.97.
AMMB Holdings, the top three gainers, rose 18 sen to RM5.43 after it reported a 42.6 per cent increase in net profits to RM368.28 million for the first-quarter ended June 30, 2010.
The dealer said the market was also boosted by optimism that the country's second-quarter economic growth would remain positive.
Bank Negara Malaysia is scheduled to release the Gross Domestic Product (GDP) figures tomorrow.
At close, the Finance Index surged 83.52 points to 12,424.72 and the INDUSTRIAL INDEX [] was 0.31 of a point higher at 2,663.48.
The PLANTATION [] Index, however, slipped 9.30 points to 6,502.25.
The FBM Emas Index gained 44.93 points to 9,319.55, the FBM ACE Index increased 35.69 points to 3,895.79 and the FBM70 [] Index advanced 28.70 points to 9,270.83.
Gainers led losers 391 to 367 while 292 counters were unchanged, 326 untraded and 36 others were suspended.
Total volume increased to 1.11 billion shares, worth RM1.76 billion, compared with yesterday's 973.56 million shares worth RM1.36 billion. - Bernama
Sentiment was boosted by renewed buying of finance stocks and heavyweights including Genting Malaysia and Genting, dealers said.
Topping the gainers list was Genting Malaysia, which rose 17 sen to RM2.99, and Genting, which advanced 21 sen to RM8.93, after its Singapore-listed associate reported a strong second-quarter profits.
Genting is the parent company to both Genting Malaysia and Singapore Plc.
A dealer said investors also bought into finance-related stocks on expectations banks would see a double-digit growth for their trade-financing business this year due to growing intra-Asia trade.
Maybank was also among the top gainers, ahead of its corporate earnings announcement soon, the dealer said. Its shares gained three sen to RM7.97.
AMMB Holdings, the top three gainers, rose 18 sen to RM5.43 after it reported a 42.6 per cent increase in net profits to RM368.28 million for the first-quarter ended June 30, 2010.
The dealer said the market was also boosted by optimism that the country's second-quarter economic growth would remain positive.
Bank Negara Malaysia is scheduled to release the Gross Domestic Product (GDP) figures tomorrow.
At close, the Finance Index surged 83.52 points to 12,424.72 and the INDUSTRIAL INDEX [] was 0.31 of a point higher at 2,663.48.
The PLANTATION [] Index, however, slipped 9.30 points to 6,502.25.
The FBM Emas Index gained 44.93 points to 9,319.55, the FBM ACE Index increased 35.69 points to 3,895.79 and the FBM70 [] Index advanced 28.70 points to 9,270.83.
Gainers led losers 391 to 367 while 292 counters were unchanged, 326 untraded and 36 others were suspended.
Total volume increased to 1.11 billion shares, worth RM1.76 billion, compared with yesterday's 973.56 million shares worth RM1.36 billion. - Bernama
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