KL shares mostly firmer in early trade

Publish date: Wed, 28 Mar 2012, 10:01 AM
Share prices on Bursa Malaysia were mostly higher in early trade today with sentiment remaining positive in view of improved performance in global markets driven by optimism of a recovery in the world's largest economy, the United States, dealers said.

At 9.15am, the benchmark FBM KLCI rose 0.63 of a point to 1,588.73.

The Finance Index rose 0.57 of a point to 14,273.50, the Industrial Index declined 1.80 points to 2,866.87 and the Plantation Index increased 18.71 points to 8,733.34.

The FBM Emas Index rose 2.66 points to 10,913.32, the FBM70 Index was 5.561 points lower at 12,056.68 and the FBM ACE Index declined 30.60 points to 4,668.97.

Advancers beat decliners 110 to 102 while 141 counters were unchanged, 1,162 untraded and 42 suspended.

Turnover stood at 142.296 million shares worth RM44.012 million.

Supercomnet Technologies declined 10 sen to 26 sen, Silver Bird Group rose one sen to 21 sen, Metronic Global rose half a sen to 25 sen and Ariantec Global unchanged at 13 sen.

Maybank was unchanged at RM8.85, Sime Darby rose one sen to RM9.75, CIMB increased one sen to RM7.63 and Petronas Chemicals gained one sen to RM6.70. -- Bernama
Discussions
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Su Jackie

KLCI will turn more green after 4 pm today - meaning all ready for window dressing. Then we have Thursday and the then Friday afternoon session.

Will be exciting these three days and the indices around the world need some booster to provide the confidence that all is OK.

It will be easy for KLCI to edge up above 1,600, mark my words.

All the best for the 1st Quarter of 2012.

2012-03-28 13:14

Jonathan Keung

I beg to differ. market showed signs of fatigue. market needs a boaster (a play maker) to take the index higher. 1590-1600 seems
a mental barrier (blocking) the market. we need more solid (blue chip) counters to sustain the upward momentum not the penny stocks. this is my personal viewpoint

2012-03-28 13:43

mcd123

I agreed with you Jonathan. I think its nearing the end, especially for the penny stocks.

2012-03-28 14:40

Jake

Yes, tend to agree with Jonathan and mcd.
This market is a tired bull and in order to reinvigorate itself, will need the blue chips and quality mid caps to get more into the limelight...not these 3rd rated penny counters which are predominantly for speculative play by greedy gamblers.
Exciting times just around the corner I hope.

2012-03-28 15:30

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