FBM KLCI Breaks 1390 Jan 2008 High
1400 A One Way Ticket?
Dealers said the key index was expected to reach the 1,400 points level if the buying momentum in blue chip counters continued.
Consistent buying pushes the benchmark barometer FBM KLCI higher by 0.51% to close at 1392.56 points on late buying of index-linked counters, including CIMB, Maybank and Tenaga. The market opened on a firm note and stayed in positive territory throughout the day, tracking gains in Asian equity markets.
The market traded within a range of 6.63 points between an intra-day high of 1392.56 and a low of 1385.93 during the session.
Trading volume declined to 983.38 mil shares worth RM1700.06 mil as compared to Wednesday's 998.07 mil shares worth RM1615.81 mil.
Market breadth was positive with 407 gainers as compared to 321 losers.
Market breadth was positive with 407 gainers as compared to 321 losers.
Actively traded stocks include TMCLIFE, SIGGAS, CAROTEC, KEURO, TIMECOM, AIRASIA, BJRETAIL, GENM, TM and MIECO.
Leading Movers were CIMB (+12 sen to RM7.62), MAYBANK (+10 sen to RM8.07), TNB (+10 sen to RM8.72), TELEKOM (+10 sen to RM3.57) and PLUS (+11 sen to RM3.98). Lagging Movers were GENTING (-10 sen to RM8.77), MAXIS (-3 sen to RM5.40), AXIATA (-1 sen to RM4.35), IOI (-1 sen to RM5.17) and MISC (-2 sen to RM8.86).
The Finance Index surged 0.88% to 12595.66 points, the Properties Index added 1.04% to 864.03 points and the Plantation Index climbed 0.20% to 6523.35 points.
At close, the Finance Index surged 110.28 points to 12,595.66, the Plantation Index gained 12.86 points to 6,523.35 and the Industrial Index added 5.88 points to 2,685.01.The FBM Emas Index expanded 47.60 points to 9,398.01, the FBM70 Index climbed 54.16 points to 9,319.41 while the FBM ACE Index declined 11.32 points to 3,849.90.HAPPY TRADING
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