BURSA MALAYSIA >>> Stocks Close Firmer

Blues Lift KL Shares; Volume Below 40 Days Average

Of the 30 components of KLCI, 23 closed in the positive territory, four ended lower while the remaining three were unchanged. Volume for the component stock was 91 million shares worth RM573 million.
Higher By The Points; Lower On The Biz Done
Share prices on Bursa Malaysia closed higher Monday, in line with the positive leads from Wall Street over the weekend and the regional bourses, but on lower volume.

The FBM KLCI rose 8.77 points or 0.70% to 1,266.44 points, slightly below the day’s highest level of 1,267.09 points. It opened 2.84 points firmer at the day lowest level of 1,260.51 points. Trading band was 6.58 points.

Market breadth was positive with gainers beating losers 469 to 196. Volume however contracted to 600 million shares valued at RM1,024 million from 623 million shares worth RM1,159 million last Friday.

Of the heavyweights, Sime Darby added six sen to RM8.58, Maybank rose seven sen to RM6.96, CIMB Group gained four sen to RM12.60 and Maxis increased three sen to RM5.40.Public Bank and Petronas Dagangan were up 10 sen each at RM11.20 and RM8.68 respectively while Tanjong PLC jumped 14 sen to RM17.80.
Actively traded stocks include MAS-OR, FRONTKN-OR, KNM, MMM, MAYBANK, FASTRAK, AXIATA, GENTING, AFFIN-WC and YTL POWER.
The Finance Index rose 80.22 points to 11,082.16, the Industrial Index went up 18.1 points to 2,619.11 and the Plantation Index was 34.12 points firmer at 6,311.23.The FBM Emas Index jumped 65.92 points to 8,519.79, the FBM70 gained 73.6 points to 8,337.86 and the FBM Ace Index increased 25.57 points to 4,352.85.
Consumer products accounted for 23.21 million shares traded on the Main Market, industrial products 113.01 million, construction 19.55 million, trade and services 234.01 million, technology 10.96 million, infrastructure 11.82 million, finance 54.59 million, hotels 5.38 million, properties 34.29 million, plantations 12.31 million, mining 49,000, REITs 688,700 and closed/fund 45,500.