KUALA LUMPUR: Share prices on Bursa Malaysia closed mixed on Monday, Oct 4, with the key FTSE Bursa Malaysia KUALA LUMPUR COMPOSITE INDEX [] (FBM KLCI) slipping into the red, led by DiGi and British American Tobacco (BAT), dealers said.
At 5pm, the key index declined 4.05 points to 1,462.27 after opening 3.19 points higher at 1,469.51.
It moved between 1,474.90 and 1,462.27 throughout the trading session.
A dealer said BAT came under selling pressure after the government raised the cigarette price by 70 sen per 20-stick pack. BAT fell 90 sen to RM47.50.
However, a dealer said the sentiment remained resilient on bullish Wall Street's performance last Friday and strong economic data from China.
"The positive leads from Wall Street and Chinese manufacturing data helped fuel investors' appetite for risks and this cushioned further losses on the
local front," he said.
Kenanga Investment Bank Bhd said it would maintain the key index's resistance at between 1,479 and 1,516 levels in the near term.
The INDUSTRIAL INDEX [] rose by 4.75 points to 2,817.02, Finance Index increased 56.06 points to 13,404.33 and the PLANTATION [] Index surged 33.71 points to 6,846.39.
The FBM70 [] jumped 65.84 points to 9,828.08 and the FBM Ace Index gained 28.28 points to 3,979.36.
The FBM Emas Index, however, declined 2.71 points to 9,835.58.
Gainers led losers by 501 to 295 while 258 counters were unchanged, 299 untraded and 30 others were suspended.
Overall, the market breadth was positive with 1.37 billion shares worth RM1.71 billion transacted compared with 973.82 million shares worth RM1.47 billion last Friday. ' Bernama
At 5pm, the key index declined 4.05 points to 1,462.27 after opening 3.19 points higher at 1,469.51.
It moved between 1,474.90 and 1,462.27 throughout the trading session.
A dealer said BAT came under selling pressure after the government raised the cigarette price by 70 sen per 20-stick pack. BAT fell 90 sen to RM47.50.
However, a dealer said the sentiment remained resilient on bullish Wall Street's performance last Friday and strong economic data from China.
"The positive leads from Wall Street and Chinese manufacturing data helped fuel investors' appetite for risks and this cushioned further losses on the
local front," he said.
Kenanga Investment Bank Bhd said it would maintain the key index's resistance at between 1,479 and 1,516 levels in the near term.
The INDUSTRIAL INDEX [] rose by 4.75 points to 2,817.02, Finance Index increased 56.06 points to 13,404.33 and the PLANTATION [] Index surged 33.71 points to 6,846.39.
The FBM70 [] jumped 65.84 points to 9,828.08 and the FBM Ace Index gained 28.28 points to 3,979.36.
The FBM Emas Index, however, declined 2.71 points to 9,835.58.
Gainers led losers by 501 to 295 while 258 counters were unchanged, 299 untraded and 30 others were suspended.
Overall, the market breadth was positive with 1.37 billion shares worth RM1.71 billion transacted compared with 973.82 million shares worth RM1.47 billion last Friday. ' Bernama
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