KUALA LUMPUR: Share prices on Bursa Malaysia were higher in the early session Thursday, Aug 19 led by heavyweights including Plus Expressways, KL Kepong and CIMB, dealers said.
After 10 minutes of trading, the benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index was up by 0.06 per cent or 0.85 of a point to 1,386.36. It had opened 1.44 points higher at 1,386.95.
Interests were noted in KL Kepong after it posted a net profit of RM243.54 million in the third quarter ended June 30, 2010 from RM190.24 million a year earlier on improved commodity prices.
MIMB Investment Bank, in its research note, said the key index was marching toward its upper channel line of around 1,395 en route to 1,400.
"We believe the upside remains intact as the index indicator has yet to enter an overbought territory and trading volumes have been steadily increased," it said.
Bursa Malaysia's Finance Index increased 14.98 points to 12,500.36, the PLANTATION [] Index edged up 21.93 points to 6,532.42 while the Industrial Index declined 0.50 of a point to 2,678.63.
The FBM Emas Index added 9.20 points to 9,359.61, the FBM Ace Index gained 15.35 points to 3,876.57 and the FBM70 [] advanced 23.22 points to 9,288.47.
Volume stood at 41.79 million shares valued at RM55.34 million.
There are 131 gainers, 49 losers, 100 counters unchanged, 1,096 untraded and 39 others suspended.
Among active stocks, SIG Gases and AirAsia rose five sen each to 94 sen and RM1.73 respectively while Tiger Synergy was unchanged at 13.5 sen.
For the heavyweights, Maybank gained one sen to RM7.98, CIMB garnered two sen to RM7.52 and Sime Darby was flat at RM7.77. - Bernama
After 10 minutes of trading, the benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index was up by 0.06 per cent or 0.85 of a point to 1,386.36. It had opened 1.44 points higher at 1,386.95.
Interests were noted in KL Kepong after it posted a net profit of RM243.54 million in the third quarter ended June 30, 2010 from RM190.24 million a year earlier on improved commodity prices.
MIMB Investment Bank, in its research note, said the key index was marching toward its upper channel line of around 1,395 en route to 1,400.
"We believe the upside remains intact as the index indicator has yet to enter an overbought territory and trading volumes have been steadily increased," it said.
Bursa Malaysia's Finance Index increased 14.98 points to 12,500.36, the PLANTATION [] Index edged up 21.93 points to 6,532.42 while the Industrial Index declined 0.50 of a point to 2,678.63.
The FBM Emas Index added 9.20 points to 9,359.61, the FBM Ace Index gained 15.35 points to 3,876.57 and the FBM70 [] advanced 23.22 points to 9,288.47.
Volume stood at 41.79 million shares valued at RM55.34 million.
There are 131 gainers, 49 losers, 100 counters unchanged, 1,096 untraded and 39 others suspended.
Among active stocks, SIG Gases and AirAsia rose five sen each to 94 sen and RM1.73 respectively while Tiger Synergy was unchanged at 13.5 sen.
For the heavyweights, Maybank gained one sen to RM7.98, CIMB garnered two sen to RM7.52 and Sime Darby was flat at RM7.77. - Bernama
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