Wednesday, March 3, 2010

KL SHARES OPEN MOSTLY HIGHER

SHARE prices on Bursa Malaysia were mostly higher, in early trade, as positive economic projections of the Malaysian economy coupled with overnight gains on Wall Street buoyed market sentiment, dealers said.

Gains in heavyweights saw major indices remaining in the positive territory.

As at 9.18 am, the benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) was 1.65 points higher at 1,289.72 after opening 2.44 points better at 1,290.51.

The Finance Index gained 21.04 points to 11,362.62, the Industrial Index increased 5.48 points to 2,602.78 while the Plantation Index declined 8.84 points to 6,380.59.
The FBM Emas Index rose 9.25 points to 8,665.7, the FBM70 added 9.43 points to 8,484.97 but the FBM Ace Index eased 7.84 points to 4,269.53.

Gainers led losers 115 to 81 while 124 counters were unchanged, 1,016 untraded and 25 others were suspended.

Turnover stood at 81.7 million shares worth RM55.04 million.

Among heavweights, Sime Darby was unchanged at RM8.63, Maybank gained three sen to RM7.03 but both CIMB Group Holdings and Maxis lost two sen each to RM13.7 and RM5.43, respectively.

As for actives, Jaks Resources gained two sen to 81 sen, LCTH Corporation was flat at 34.5 sen, Mithril was unchanged at 27 sen and Axiata rose five sen at RM3.88. - BERNAMA

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