morning trade today, while investor interest in heavyweights suchas Tenaga Nasional, British American Tobacco and newly listed XingquanInternational, kept the FBM KLCI high, said a dealer. At 12.30pm, the FBM KLCI added 2.33 points to 1,068.01 after opening 0.98 of a point lower at 1,064.7."There are many technical indicators that support a downside in the shortterm. The low volume basically confirms the cautious sentiment of traders," said MIMB Investment in its research note.
The support level is expected to hold at 1,040 and 1,060 whileresistance remains at 1,075, it said.
The Plantation Index was up 13.69 points at 5,249.14, the IndustrialIndex jumped 3.37 points to 2,377.59, the Finance Index shed 24.141 pointsto 8,549.68 and the FBMEmas Index rose 15.98 points to 7,195.53.
The FBM Top 100 increased 16.94 points to 7,004.26, the FBM70 added23.88 points to 7,097.5 and the FBMMesdaq Index jumped 13.23 points to 3,894.07but the FBM2BRD Index was 3.08 points lower at 4,700.09.Decliners almost matched advancers by 209 to 204 while 216 counters wereunchanged, 603 untraded and 35 others suspended. Volume stood at 334.431 million shares valued at RM466.794 million. China's shoe manufacturer Xingquan International Sports Holdings Ltd, thefirst foreign company to be listed on Bursa Malaysia's Main Board, recorded a12-sen premium on its debut at RM1.83. Xingquan, which saw its share price increasing by 13 sen to RM1.84, was themost active and among the top three gainers in the morning trade.
Among the other active counters, KNM Group inched down one sen to 73.5 sen,Sino Hua-An slipped 1.5 sen to 50.5 sen, Iris edged up half a sen to 16.5sen and UEM Land added one sen to RM1.43. Among the heavyweights, Tenaga Nasional added 20 sen to RM7.80, BritishAmerican Tobacco rose 25 sen to RM45.25 and Sime Darby was flat at RM7.20 butMaybank lost 10 sen to RM5.70.
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