KL shares end mixed on profit-taking

Publish date: Wed, 23 Apr 2014, 06:40 PM
KUALA LUMPUR: Share prices on Bursa Malaysia ended mixed-to-higher in cautious trading as investors took profits off the table.

The FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.93 of-a-point to 1,867.35 after hovering between 1,864.91 points and 1,870.89 points throughout the day.

Market breadth was negative as losers led gainers 468 to 395, while 318 counters were unchanged, 447 untraded and 19 others were suspended.

Turnover was lower at 2.23 billion shares, worth RM2.09 billion from 2.6 billion shares, valued at RM2.87 billion recorded yesterday.

Maybank Investment Bank Research said the benchmark index was poised to head higher after breaking through the key 1,839.26 level recently.

"The KLCI April Futures have moved into a small 0.58 of-a-point premium against the FBM KLCI and we expect firm buying to emerge near the support zone of 1,848 points to 1,866 points," the research house said in a note.

On the scoreboard, the Industrial Index lost 2.96 points to 3,183.61 points, the Finance Index slipped 23.01 points to 17,139.85 points and the Plantation Index fell 26.1 points to 8,974.38 points.

The FBM Emas Index gained 1.17 points to 12,968.69, the FBMT100 Index rose 5.22 points to 12,601.51, the FBM 70 added 1.81 points to 14,235.39 but the Ace Index was 17.06 points lower at 6,926.22.

On the heavyweights, Maybank rose 1.0 sen to RM10, CIMB and Axiata added 2.0 sen each to RM7.53 and RM6.63, respectively, Public Bank lost 10 sen to RM20.28 and TNB was flat at RM11.94.

Among actives, 1 Utopia, Hubline and Talam Transform fell half-a-sen each to 7.5 sen, 4.0 sen and 10 sen, respectively.

Main Market volume was lower at 1.75 billion units, worth RM1.99 billion, from yesterday's 1.91 billion units worth RM2.74 billion.

Turnover on the ACE market decreased to 411.9 million shares, valued at RM90.58 million, from 651.19 million shares, valued at RM117.13 million, recorded on Tuesday.

Warrants widened to 66.02 million units, worth RM7.31 million, from yesterday's 33.95 million units worth RM5.21 million.

Consumer products accounted for 97.61 million shares traded on the Main Market, industrial products 267.41 million, construction 98 million, trade and services 713.54 million, technology 93.02 million, infrastructure 12.48 million, SPAC 26.21 million, finance 70.09 million, hotels 7.87 million, properties 295.41 million, plantations 60.34 million, mining 31,200, REITs 8.63 million and closed/fund 49,000. -- Bernama

Discussions
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fortunebullz

Bull looking very tired! Property theme also quite dated! Market look into other theme! Construction, tele communication etc! Watchout for new theme!

2014-04-24 09:12

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