Friday, August 20, 2010

Share prices close mixed, FBM KLCI at 31-month high

KUALA LUMPUR: Share prices on Bursa Malaysia closed mixed on Friday, Aug 20 as investors took profit on strong gains in a recent rally, dealers said.

At 5pm, the FTSE Bursa Malaysia KUALA LUMPUR COMPOSITE INDEX [] (FBM KLCI)touched a fresh high in 31 months at 1,395.02, a 0.17% or 2.46 points increase from on Thursday.

It had opened 2.35 points lower at 1,390.21 this morning.'' ''

A dealer said bearish trends in regional bourses following the weaker close on Wall Street overnight prompted investors to reduce their positions.

However, continuous buying support in finance stocks and heavyweight counters like Maybank, CIMB, Tenaga Nasional and Plus Expressways kept the benchmark index above the 1,390-point level.

Maybank gained six sen to RM8.13, CIMB and Plus Expressways edged up eight sen each to RM7.70 and RM4.06 respectively while Tenaga Nasional increased seven sen to RM8.79.

At close, the Finance Index advanced 52.46 points to 12,648.12, the PLANTATION [] Index increased 13.09 points to 6,536.44 and the INDUSTRIAL INDEX [] was 0.77 of a point higher at 2,685.78.

The FBM Emas Index gained nine points to 9,407.01 while the FBM70 [] Index eased 1.82 points to 9,317.59 and the FBM ACE Index dropped 12.79 points to 3,837.11.

Losers led gainers 394 to 316 while 327 counters were unchanged, 335 untraded and 35 others suspended. Total volume fell to 834.47 million shares worth RM1.34 billion from Thursday's 983.38 million shares worth RM1.7 billion. Volume leaders, AirAsia and Tatt Giap Group declined two sen each to RM1.71 and 65.5 sen respectively while Carotech was down 1.5 sen to eight sen.

Conglomerate Sime Darby rose one sen to RM7.81, telco Maxis gained three sen to RM5.43 while shipping giant MISC was unchanged at RM8.86.

The Main Market volume declined to 720.21 million shares worth RM1.32 billion from 839.72 million shares worth RM1.67 billion on Thursday.

Warrants dropped to 46.22 million units valued at RM7.01 million versus Thursday's 64.04 million units valued at RM11.55 million.

Turnover on the ACE Market also fell to 65.79 million units worth RM13.02 million from 75.17 million shares worth RM12.8 million previously.

Consumer products accounted for 52.66 million shares traded on the Main Market, industrial products 173.39 million, CONSTRUCTION [] 44.19 million, trade and services 252.09 million, TECHNOLOGY [] 22.78 million, infrastructure 18.97 million, finance 63.1 million, hotels 1.52 million, PROPERTIES [] 68.68 million, plantations 20.1 million, mining 54,700, REITs 2.64 million, and closed/fund 79,800. ' Bernama


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