SHARE PRICES OPEN HIGHER

12 Jul 2013 11:19

KUALA LUMPUR, July 5 (Bernama) -- Share prices opened higher on Friday, tracking the positive overnight performance of European equity markets, dealers said.

At 9.17 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 7.21 points better at 1,778.55, after opening 5.59 of a point higher at 1774.41.

Research house Hwang DBS said after oscillating inside a 10-point trading range since Monday, there is a chance for the key FBM KLCI to end the week on a high note today.

On the chart, the benchmark index could march towards the immediate resistance barrier of 1,785.

"This comes as sentiment is expected to get a lift from a pledge made by the European Central Bank president that interest rates would be kept low as long as needed," it said.

On the scoreboard, the Finance Index gained 37.54 points to 17,028.029, the Industrial Index rose 21.46 points to 3,017.07, and the Plantation Index gained 14.13 points to 8,406.55, while the FBM Ace Index added 29.25 points to 4,737.470.

Gainers led losers 227 to 42, while 1,313 counters were unchanged with volume at 113.71 million shares worth RM 70.71 million.

Among actives, Karambunai Corp added one sen to 13 sen, while Asia Media Group was flat at 15.5, and Engtex-WA rose 6.5 sen to 37.5 sen.

As for heavyweights, Maybank unchanged at RM10.50 and CIMB Group rose one sen to RM8.30, but Sime Darby gained five sen to RM9.55 sen. -- BERNAMA SOR AS