Share prices on Bursa Malaysia closed with strong gains yesterday to promote farming related stocks, led Sime Darby and IOI Corporation rose index declined to the positive market indicators, dealers said.
Expectations regarding a more positive corporate earnings and strengthening of Wall Street last Friday also helped boost market sentiment, he said.
Composite Index FTSE Bursa Malaysia Kuala Lumpur (FBM KLCI) rose 6.99 points or 0.6 percent to close at 1,267.75 after a low daily traded at 1,259.23. 1:38 It opened higher at 1,262.14 points yesterday morning.
He said the local market is still resilient because there is a lot of liquidity in the system.
Meanwhile, Chinese President Hu Jin-tao who will conduct the visit also accelerate the expectations have more bilateral cooperation between the two countries at once can help maintain ketenangannya market in the near future.
In closing, FBM Emas Index gained 49.48 points to 8,472.31, FBM Top 100 strengthening 48.16 points to 8,258.27 and FBM 70 surged 57.98 points to 8,148.26.
FBM ACE index, however, dropped 6:29 points to 4,681.36.
15:51 Finance Index gained points to 10,791.80, strengthening the Industrial Index 9.88 points to 2,709.75 and the Plantation Index rose 139.51 points to 6,198.42.
Shares of profit and loss overcome with reverberate 403 while 292 counters were unchanged 229 and 347 were not traded.
Lower overall trading volume in 1100 billion shares worth RM1.179 billion compared to closing Friday and 1428 billion shares worth RM1.513 billion.
Turnover in Home Market decreased to 938,908 million shares worth RM1.138 billion from 1090 billion shares worth RM1.402 billion on Friday.
Total trade in the market to lower ACE 113,044 million shares valued at RM23.758 million from 301,984 million shares worth RM96.961 million previously.
Total trading warrants dropped to 16,180 million shares worth RM3.419 million from 19,829 million shares worth RM4.074 million on Friday.
Leading the active stocks, bribery and Multi Sports Holdings added 1.5 cents to 12.5 cents each and 69 cents while strengthening Inch Kenneth 12 sen to 49.5 sen, SAGG Consolidated remained at 21 cents and Naim Indah rose one cent to seven cents.
Mudajaya profit ahead of other shares, up 26 sen to RM3.75, while losers led shares, Panamy declined 36 sen to RM12.20.
Among stocks with high weights, IOI Corporation added 24 sen to RM5.57, Axiata Group five sen higher to RM3.12 and strengthen Hong Leong Bank 14 sen to RM8.24.
Sime Darby rose 10 sen to RM9.14 at the slit-gap news The Government is providing 'something special' to Hu to visit Malaysia this week, including a deal to sell 10 percent stake in the company.
Plantation Industries and Commodities Minister, Tan Sri Bernard Dompok, however, said he did not know about the matter but added that any party interested may purchase shares of Sime Darby in the open market.
Consumer products dominate 68,264 million shares traded on the Main Market, 161,580 million industrial products, construction of 44,641 million, transactions and services 312,156 million, 55,387 million of technology, infrastructure 16,095 million, 39,074 million financial, hospitality 2242 million, 162,085 million of property, farming 75,770 million, mining 3.000, REITs and 1576 million fund closed 35.000.
Tuesday, November 10, 2009
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