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Tuesday, January 12, 2010

BURSA MALAYSIA >>> Market Roundup

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Share prices on Bursa Malaysia closed generally higher Tuesday, but the benchmark index settled marginally lower. Despite staging a relatively weak morning session, the index bounced-back partially after the lunch break.
The FBM KLCI eased 1.66 points or 0.13% to 1,292.85, slightly above the day's lowest level of 1,291.35 points. The index opened 0.49 of a point higher at 1,295.00 points, slightly below the day highest level of 1,296.07. Trading band was only 4.72 points.

All of the 30 components of KLCI are evenly matched with 10 closing in the positive territory, 10 ended lower while the remaining 10 were unchanged.
Volume for the component stock was 98 million shares worth RM628 million.

"Basically, heavyweight counters are under consolidation," one dealer said, adding that it was necessary for the market to settle on a firm ground before surging to the next level.
The local market is expected to test the 1,300 points level this week as local and foreign funds continue their buying spree.

Market breadth was however positive with gainers leading losers 483 to 275 on a higher volume of 1,681 million shares worth RM1,778 million against 1,400 million shares valued at RM1,543 million Monday.

The Finance Index surged 12.521 points to 11,276.37, the Industrial Index edged down 6.06 points to 2,698.85 and Plantation Index fell 8.04 points to 6,535.42.
The FBMEmas Index increased 8.18 points to 8,723.14, FBMTop 100 Index declined 1.25 points to 8,475.72.
FBMACE added 77.89 points to 4,588.19 and FBM70 Index edged up 36.551 points to 8,577.36.

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