The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI)ended 1 per cent or 11.68 points higher at 1,202.07, supported mostly by Sime Darby, Tanjong and IOI Corp.
The key index opened 0.29 point higher at 1,190.68 yesterday morning.
The FBMEmas advanced 67.27 points to 8,093.82, the FBM Top 100 surged 70.07 points to 7,874.83 and the FBM70 advanced 45.23 points to 7,946.16. The FBM Ace Index, however, eased 18.83 points to 4,122.55. The Finance Index climbed 60.16 points to 9,692.36, the Industrial Index gained 43.20 points to 2,650.74 while the Plantation Index jumped 92.34 points to 5,925.23.
Advancers led decliners 393 to 277 while 254 counters were unchanged, 353 untraded and three others were suspended. The market undertone remained positive with volume amounting to 790.899 million shares valued at RM1.398 billion compared with Monday’s 388.725 million shares worth RM627.801 million.Topping actives, KNM Group edged up half-a-sen to 74 sen, Genting Malaysia advanced 3 sen to RM2.92 while Genting Singapore (C) gained 2 sen to 41 sen. Axiata Group, which received shareholders’ approval for its proposed merger with Spice Communications Ltd, gained 4 sen to RM3.14. Kumpulan Jetson rose 6 sen to RM1.34 while its ICULS perked 8 sen to RM1.19 following news that Naza brothers had offered to increase its stake in the company to 43 per cent.
The top gainer was Sime Darby which climbed 33 sen to RM8.60 while Berjaya Land-ICULS lost 22 sen to RM3.46. Among heavyweights, Tanjong surged 24 sen to RM15.90 and IOI Corp
advanced 18 sen to RM5.26. Maybank gained 5 sen to RM6.55 and
Bumiputra-Commerce advanced 14 sen to RM10.48.
FCPO
CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday on short covering activities, dealers said.
“When the price crossed RM2,200, it must have triggered buying by some people” on expectations of a rally, said a trader at a Kuala Lumpur-based brokerage.
September 2009 rose RM55 to RM2,255 a tonne, October 2009 increased RM91 to RM2,241 a tonne, November 2009 gained RM80 to RM2,210 per tonne and December 2009 added RM85 to RM2,197 per tonne. Volume, however, declined to 12,942 lots from 16,030 lots on Monday while open interests increased to 86,749 contracts from 86,490 contracts previously. On the physical market, September South increased to RM2,270 per tonne from RM2,210 per tonne previously.
advanced 18 sen to RM5.26. Maybank gained 5 sen to RM6.55 and
Bumiputra-Commerce advanced 14 sen to RM10.48.
FKLI
FBM KLCI futures contracts closed firmer yesterday amid the favourable performance of the cash market, a dealer said.
The FBM KLCI for the September 2009 and October 2009 contracts went up 13.5 points each to settle at 1,206 and 1,205, respectively.
The December 2009 jumped 15 points to 1,201.5 and March 2010 advanced 14.5 points to 1,195. Overall turnover doubled to 6,283 lots compared with 3,269 lots on Monday while open interests rose to
15,095 contracts from 14,886 contracts previously.
The December 2009 jumped 15 points to 1,201.5 and March 2010 advanced 14.5 points to 1,195. Overall turnover doubled to 6,283 lots compared with 3,269 lots on Monday while open interests rose to
15,095 contracts from 14,886 contracts previously.
FCPOCRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday on short covering activities, dealers said.
“When the price crossed RM2,200, it must have triggered buying by some people” on expectations of a rally, said a trader at a Kuala Lumpur-based brokerage.
September 2009 rose RM55 to RM2,255 a tonne, October 2009 increased RM91 to RM2,241 a tonne, November 2009 gained RM80 to RM2,210 per tonne and December 2009 added RM85 to RM2,197 per tonne. Volume, however, declined to 12,942 lots from 16,030 lots on Monday while open interests increased to 86,749 contracts from 86,490 contracts previously. On the physical market, September South increased to RM2,270 per tonne from RM2,210 per tonne previously.
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