Tuesday, September 21, 2010

Share prices close mostly higher

KUALA LUMPUR: Share prices on Bursa Malaysia, bouyed by strong buying interest, pushed the FTSE Bursa Malaysia KUALA LUMPUR COMPOSITE INDEX [] (FBM KLCI) to a new two-and-a-half-year high on Tuesday, Sept 21.

The index ended 6.30 points better at 1,475.99. '' ''

However, finance counters, Maybank, Public Bank and CIMB came under selling pressure.

Dealers said the government's Economic Transformation Programme (ETP), aimed at boosting Malaysia's economy at 6% every year between 2011 and 2020, boosted market sentiment.

While on the external front, the strong performance on Wall Street and Asian markets also boosted market sentiment on the local bourse.

The PLANTATION [] Index increased 36.36 points to 6,923.08 and the INDUSTRIAL INDEX [] added 11.87 points to 2,801.37. However, the Finance Index declined 16.32 points to 13,331.80, the FBM Ace Index eased 36.75 points to 3,843.19 but the FBM70 [] surged 42.30 points to 9,651.49.'' ''

Turnover was higher at 1.049 billion shares, worth RM1.513 billion, from 850.799 million shares, worth RM1.381 billion, registered on Monday.

Advancers led decliners 368 to 345 while 319 counters were unchanged, 322 untraded and 30 others were suspended. Among actives, KNM Group rose half-a-sen to 45 sen, Tejari Technologies slipped 2.5 sen to 18.5 sen, Asiaep gained half-a-sen to 8.5 sen and Berjaya Corporation added seven sen to RM1.14.

Heavyweights, Maybank lost one sen to RM8.70, CIMB eased three sen to RM8.28 and Sime Darby advanced four sen to RM8.34.

Tenaga Nasional was flat at RM9.06.

Genting Malaysia advanced 41 sen to RM3.64 following an announcement that its indirect wholly-owned subsidiary received an approval for a video lottery facility in US.

British American Tobacco advanced 86 sen to RM46.50. ' Bernama


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