Share prices on Bursa Malaysia continued the bullish momentum at midday today as a positive overnight close on Wall Street fuelled buying interest on the local bourse while helping the key index stay above the psychological 1,200-point level, dealers said. Overall sentiment on the local market was positive in tandem with regional bourses and amid improved signs of economic recovery, they said. At 12.30pm, the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) was 1.05 per cent or 12.54 points better at 1,209.00, supported by gains on LPI Capital and PPB Group.The FBM KLCI had opened 2.14 points higher at 1,198.60 this morning.
The FBMEmas climbed 78.49 points to 8,132.19, the FBM Top 100 advanced 80.55 points to 7,919.84, the FBM70 surged 74.94 points to 7,990.16 and the FBM Ace Index added 17.36 points to 4,115.73. The Finance Index shot up 127.77 points to 9,794.00, the Plantation Index went up 5.73 points to 5,966.23 and the Industrial Index gained 14.45 points to 2,647.11.Gainers outpaced losers by 360 to 163 while 241 counters were unchanged and 490 others untraded.A total of 352.540 million shares worth RM614.553 million were transacted. KNM Group continued to lead the actives list with 48.612 million shares changing hands. It went up half sen to 73 sen. Among the other actives, Genting Singapore (C) shed 2.5 sen to 38.5 sen and UEM Land edged up half sen to RM1.69 while SAAG Consolidated and MLABS Systems were both unchanged at 24.5 sen and 17.5 sen, respectively.
The biggest gainer, LPI Capital, rose 36 sen to RM12.10 while Panasonic Manufacturing was the big loser, shaving off 10 sen to RM12.70. For the heavyweights, PPB Group and British American Tobacco went up 32 sen each to RM16.00 and RM45.32 respectively while IJM Corporation climbed 31 sen to RM6.27.
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