KUALA LUMPUR: Share prices on Bursa Malaysia ended Tuesday, Dec 21 on a firmer note, boosted by fresh buying interest from investors following positive corporate news including several takeover offers within the industry, dealers said.
The FTSE Bursa Malaysia KLCI (FBM KLCI) rose 9.3 points to 1,505.18, pushed by gains mostly in PLUS Expressways following the fourth new bid on Monday involving a RM26 billion takeover offer for the toll operator.
Besides that, MTD Capital ' which also received a RM1.1 billion takeover bid for all its shares ' was also among the favourite counters on Tuesday.
The benchmark FBM KLCI had earlier opened 2.47 points higher at 1,498.35.
Throughout the day, it moved between 1,497.81 and 1,510.24.
Another boost was from TELEKOM MALAYSIA BHD [], just upgraded to Overweight by Morgan Stanley Research which cited expectations of high dividend yields. It also replaced Axiata in the latter's regional top picks list.
Meanwhile, the Finance Index surged 51.47 points to 13,821.81, the PLANTATION [] Index increased to 11.52 points to 7,868.5 and the INDUSTRIAL INDEX [] rose 9.56 points to 2,798.37.
The FBM Emas Index jumped 77.989 points to 10,300.47, the FBM 70 Index was 110.15 points higher at 10,875.98, the FBMT100 increased 70.63 points to 10,040.41 and FBM Ace Index rose 66.45 points to 4,310.43.
Gainers outnumbered losers by 539 to 256, while 284 counters were unchanged, 313 untraded and 29 others suspended.
The market breadth was positive with total volume rising to 1.361 billion shares worth RM1.87 billion compared to Monday's closing volume of 1.05 billion shares valued at RM1.6 billion. ' Bernama
The FTSE Bursa Malaysia KLCI (FBM KLCI) rose 9.3 points to 1,505.18, pushed by gains mostly in PLUS Expressways following the fourth new bid on Monday involving a RM26 billion takeover offer for the toll operator.
Besides that, MTD Capital ' which also received a RM1.1 billion takeover bid for all its shares ' was also among the favourite counters on Tuesday.
The benchmark FBM KLCI had earlier opened 2.47 points higher at 1,498.35.
Throughout the day, it moved between 1,497.81 and 1,510.24.
Another boost was from TELEKOM MALAYSIA BHD [], just upgraded to Overweight by Morgan Stanley Research which cited expectations of high dividend yields. It also replaced Axiata in the latter's regional top picks list.
Meanwhile, the Finance Index surged 51.47 points to 13,821.81, the PLANTATION [] Index increased to 11.52 points to 7,868.5 and the INDUSTRIAL INDEX [] rose 9.56 points to 2,798.37.
The FBM Emas Index jumped 77.989 points to 10,300.47, the FBM 70 Index was 110.15 points higher at 10,875.98, the FBMT100 increased 70.63 points to 10,040.41 and FBM Ace Index rose 66.45 points to 4,310.43.
Gainers outnumbered losers by 539 to 256, while 284 counters were unchanged, 313 untraded and 29 others suspended.
The market breadth was positive with total volume rising to 1.361 billion shares worth RM1.87 billion compared to Monday's closing volume of 1.05 billion shares valued at RM1.6 billion. ' Bernama
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