SHARE PRICES OPEN HIGHER IN EARLY TRADING ON RENEWED BUYING INTEREST

12 Jul 2013 11:19

KUALA LUMPUR, July 10 (Bernama) -- Share prices on Bursa Malaysia opened higher in early trading today on renewed buying interest after losing ground recently, dealers said.

At 9 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) opened at 1,766.67, up 0.18 of a point and rose 3.65 points to 1,770.14 after 22 minutes of trading. Market breadth was positive, with 158 gainers and 94 losers, while 166 counters were unchanged, 1,159 untraded and 16 suspended. Turnover stood at 188.08 million shares worth RM168.77 million.

"Slow and steady as it may be, our Malaysian bourse could grind its way up ahead," HwangDBS Vickers Research said.

From a technical perspective, the research house said the benchmark FBM KLCI may inch higher towards the first resistance line of 1,785 today.

On the scoreboard, the Plantation Index rose 3.189 points to 8,377.39, while the Industrial Index gained 2.69 points to 2,991.87. The Finance Index rose 17.549 points to 16,899.79 and the FBM Emas Index garnered 19.0 points to 12,337.46. The FBM 70 Index increased 3.3 points to 14,202.17 and the FBM ACE Index rose 1.79 points to 4,756.97. Among actives, newly listed AirAsia X Bhd gained two sen to RM1.27.

It opened at RM1.26, one sen above the RM1.25 offer price, with 9.15 million lots transacted.

JAKS Resources added 2.5 sen to 50.5 sen while Boon Koon Group gained 6.5 sen to seven sen.

As for heavyweights, Maybank earned two sen to RM10.44, CIMB gained one sen to RM8.25 and Axiata added one sen to RM6.67.

-- BERNAMA

MI MI TOM