KUALA LUMPUR: Share prices on Bursa Malaysia ended mixed on Wednesday, Sept 1, but the benchmark index stayed in the positive territory supported by strong buying interest, dealers said.
The FBM KLCI closed 9.47 points or 0.7% higher than Monday at 1,431.96, aided by'' interest in PLANTATION []-related heavyweights, after opening at 1,429.77. The market was closed on Tuesday for the National Day celebration.
The index hovered between the 1,424.98 and 1,436.73 points levels throughout the day.
A dealer said the key index continued to climb spurred by a combination of foreign interest, economic reforms and follow-through buying from locals.
However, TA Securities said any further strengthening should see strong profit-taking and selling resistance as most blue-chip stocks were overbought and attractive for profit-taking.
The Finance Index surged 97.65 points to 12,889.20, the Plantation index gained 28.59 points to 6,591.28 and the INDUSTRIAL INDEX [] rose 3.63 points to 2,744.7.
The FBM Emas Index increased 45.899 points to 9,528.55, the FBM70 [] Index advanced 33.25 points to 9,246.1, but the FBM ACE index fell 13.09 points to 3,681.46.
Turnover increased to 949.219 million shares, worth RM2.077 billion, compared with Monday's 769.278 million shares valued at RM1.76 billion. Decliners outnumbered advancers 476 to 307 while 270 counters were unchanged, 312 untraded and 34 were suspended. ' Bernama
The FBM KLCI closed 9.47 points or 0.7% higher than Monday at 1,431.96, aided by'' interest in PLANTATION []-related heavyweights, after opening at 1,429.77. The market was closed on Tuesday for the National Day celebration.
The index hovered between the 1,424.98 and 1,436.73 points levels throughout the day.
A dealer said the key index continued to climb spurred by a combination of foreign interest, economic reforms and follow-through buying from locals.
However, TA Securities said any further strengthening should see strong profit-taking and selling resistance as most blue-chip stocks were overbought and attractive for profit-taking.
The Finance Index surged 97.65 points to 12,889.20, the Plantation index gained 28.59 points to 6,591.28 and the INDUSTRIAL INDEX [] rose 3.63 points to 2,744.7.
The FBM Emas Index increased 45.899 points to 9,528.55, the FBM70 [] Index advanced 33.25 points to 9,246.1, but the FBM ACE index fell 13.09 points to 3,681.46.
Turnover increased to 949.219 million shares, worth RM2.077 billion, compared with Monday's 769.278 million shares valued at RM1.76 billion. Decliners outnumbered advancers 476 to 307 while 270 counters were unchanged, 312 untraded and 34 were suspended. ' Bernama
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