KUALA LUMPUR: Share prices on Bursa Malaysia closed mixed today, with the benchmark index advancing for the fourth day due to gains by Maxis, CIMB and Sime Darby, dealers said.
The FTSE Bursa Malaysia KUALA LUMPUR COMPOSITE INDEX [] (FBM KLCI) closed 7.04 points higher at 1,385.51. It had opened 2.12 points higher at 1,380.59 this morning.
A dealer said interests were seen in selected heavyweights ahead of their quarterly results. However, gains were capped as investors took profits after the recent gains.
The dealer said investors were optimistic that several companies, including Maxis, CIMB, Sime Darby and Maybank, would report positive corporate earnings.
OSK Research Sdn Bhd said the market's near-term technical outlook will remain bullish, with index seeing a tough resistance at 1,395-point level.
The research house said it would not be surprised to see the index extending gains for a few more days as the market was still not overbought.
The FBM KLCI normally gets overbought beyond the 80-point level but the index had gained close to 30 points over the last three sessions.
At close, the Finance Index advanced 60.66 points to 12,485.38, the INDUSTRIAL INDEX [] gained 15.65 points to 2,679.13 and the PLANTATION [] Index added 8.24 points to 6,510.49.
The FBM Emas Index gained 30.86 points to 9,350.41 while the FBM ACE Index fell 34.57 points to 3,861.22 and the FBM70 [] Index declined 5.58 points to 9,265.25.
Losers outpaced gainers by 377 to 334 while 312 counters were unchanged, 353 untraded and 36 others were suspended.
Total volume dwindled to 998.07 million shares worth RM1.62 billion compared with yesterday's 1.11 billion shares worth RM1.76 billion.
The FTSE Bursa Malaysia KUALA LUMPUR COMPOSITE INDEX [] (FBM KLCI) closed 7.04 points higher at 1,385.51. It had opened 2.12 points higher at 1,380.59 this morning.
A dealer said interests were seen in selected heavyweights ahead of their quarterly results. However, gains were capped as investors took profits after the recent gains.
The dealer said investors were optimistic that several companies, including Maxis, CIMB, Sime Darby and Maybank, would report positive corporate earnings.
OSK Research Sdn Bhd said the market's near-term technical outlook will remain bullish, with index seeing a tough resistance at 1,395-point level.
The research house said it would not be surprised to see the index extending gains for a few more days as the market was still not overbought.
The FBM KLCI normally gets overbought beyond the 80-point level but the index had gained close to 30 points over the last three sessions.
At close, the Finance Index advanced 60.66 points to 12,485.38, the INDUSTRIAL INDEX [] gained 15.65 points to 2,679.13 and the PLANTATION [] Index added 8.24 points to 6,510.49.
The FBM Emas Index gained 30.86 points to 9,350.41 while the FBM ACE Index fell 34.57 points to 3,861.22 and the FBM70 [] Index declined 5.58 points to 9,265.25.
Losers outpaced gainers by 377 to 334 while 312 counters were unchanged, 353 untraded and 36 others were suspended.
Total volume dwindled to 998.07 million shares worth RM1.62 billion compared with yesterday's 1.11 billion shares worth RM1.76 billion.
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