mild profit-taking activities offset some of the earlier gains, dealers said. However, persistent strong fund buying on index-linked counters kept the key index in positive territory. At 12.30pm, the benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) was up 6.25 points or 0.56 per cent to close the morning session at 1,115.13. It had opened 3.36 points higher at 1,112.51 in the morning.
The Finance Index climbed 59.46 points to 9,072.08 and the Plantation Index advanced 4.83 points to 5,384.71 but the Industrial Index declined 1.23 points to 2,422.08.
The FBMEmas Index gained 35.52 points to 7,519.21 and the FBM Top 100 went up 38.74 points to 7,319.03.
However, the FBM2BRD Index went down 20.46 points to 4,834.68 and the FBMMesdaq Index shed 21.51 points to 4,008.61. Decliners led advancers by 256 to 201 while 236 counters were unchanged, 540 still untraded and 35 others suspended. A total of 536.707 million shares worth RM657.638 million changed hands."We think the FBM KLCI will continue to go up even without the help of Wall Street as the key index has successfully crossed above the 1,084-point level to write off the possibility of a lower high," one of the dealers said.
He, however, said the market, which had advanced nearly 60 points over the past four trading days, might need to consolidate before scaling greater heights.
Topping the actives, KNM Group dropped one sen to 84 sen, Frontken Corporation edged down two sen to 26.5 sen and SAAG Consolidated declined half sen to 28.5 sen. Other actives included Jaks Resources which gained one sen to 91.5 sen and UEM Land which rose four sen to RM1.61. Gamuda and Kumpulan Perangsang Selangor registered steady gains after their associate company, Syarikat Pengeluar Air Selangor Sdn Bhd, received a third offer from the Selangor state government under the proposed takeover of the state's water-related assets.Gamuda gained 11 sen to RM3.06 while Kumpulan Perangsang added four sen to RM2.11.
No comments:
Post a Comment