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Friday, March 25, 2011

Bursa Malaysia finish week on a firm note

BSKL Closing Market Report
FBMKLCI Chart commentaries
Share prices on Bursa Malaysia finished the week on a firm note today as positive global cues generated buying interests in the local market, dealers said.

The FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 1.71 points to close at 1,515.55, supported by gains in RHB Capital, Petronas Chemicals, MISC and Genting Malaysia.
It opened at 1,515.91 in the morning.
 
RHB Capital rose 28 sen to RM8.31, Petronas Chemicals gained seven sen to RM6.83, MISC climbed six sen to RM7.81 and Genting Malaysia increased four sen to RM3.59
A dealer said positive corporate news on the local front and strong Wall Street overnight had boosted sentiment.
 Affin Investment Bank's head of retail research, Dr Nazri Khan, said the fact that the local index stayed above 1,500 level after rising virtually for seven straight days showed that worries over the impact of the disaster in Japan on the rest of Asia has eased.
The Finance Index rose 62.14 points to 13,736.58, Industrial Index was 6.47 points higher at 2,816.07, and the Plantation Index added 4.14 points to 7,749.05.

The FTSE Bursa Malaysia Emas Index climbed 20.54 points to 10,409.93, FTSE Bursa Malaysia Mid 70 Index moved up 47.05 points to 11,182.96 and the FTSE Bursa Malaysia Ace Index rose 34.09 points to 4,223.54.

Turnover rose to 1.16 billion shares worth RM1.73 billion from 1.042 billion shares worth RM1.853 billion yesterday.
Gainers outpaced losers by 483 to 278 while 316 counters were unchanged.

Among active stocks, Ho Wah Genting went up five sen to 68.5 sen and Tanco added two sen to 35.5 sen.

Perisai Petroleum climbed three sen to 76 sen and JCY International gained 1.5 sen to 66.5 sen. Karambunai was flat at 22 sen.

British American Tobacco gained 10 sen to RM48, Gamuda increased six sen to RM3.85, Maybank increased two sen to RM8.77 and KLK was four sen higher at RM21.08.
Volume on the Main Market increased to 947.887 million shares worth RM1.69 billion from 846.799 million shares worth RM1.442 billion on Thursday.

HAPPY WEEKEND

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