Share prices on Bursa Malaysia settled higher Monday with the benchmark FBM KLCI erasing the year-high closing of 1,267.10 points registered 23 October.
The benchmark FBM KLCI rose 6.99 points or 0.55% to 1,267.75 points, being the day’s highest range, and the highest closing since 30 May last year of 1,276.10 points. The index opened 1.38 points higher at 1,262.14 points and moved to as low as 1,259.23 points during the day. Trading band was 8.52 points.
Market breadth was positive with gainers leading losers 403 to 292. Volume however shrank to 1,100 million shares valued at RM1,179 million from 1,428 million worth RM1,513 million last Friday.
Of the 30 components of KLCI, 19 closed in the positive territory, seven ended lower while the remaining four settled unchanged. Volume for the component stock was 86 million shares worth RM519 million.KLCI: Futures Contracts Close Higher
The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) futures contracts on Bursa Malaysia Derivatives closed higher today following positive gains on the cash market, dealers said.
The KLCI futures for November 2009 contract rose 18.0 points to settle at 1,273.0 and December 2009 was up 19.0 points to 1,274.0.March 2010 advanced 22.5 points to 1,277.5 and June 2010 went up 9.5 points to 1,280.5.
The day's volume was slightly lower at 4,076 lots compared with 4,298 lots recorded last Friday while open interest declined to 16,577 contracts from 16,666 contracts previously.
On the cash market, the underlying FBM KLCI closed 0.6 per cent higher at 1,267.75.
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