SHARES UP ON CONTINUOUS BUYING INTEREST IN SELECTED HEAVYWEIGHTS

16 Jul 2013 07:54

KUALA LUMPUR, July 15 (Bernama) -- Share prices on Bursa Malaysia finished higher today on continuous buying interest in selected heavyweights, dealers said. The FTSE Bursa Malaysia KLCI (FBM KLCI) ended 1.02 points higher at 1,786.67 after opening 3.73 points lower at 1,781.92.

It hovered between 1,781.64 and 1,786.67 throughout the day. Market breadth was positive, with 372 gainers and 356 losers, while 304 counters were unchanged, 544 untraded and 21 others were suspended. Turnover dwindled to 1.121 billion shares worth RM1.615 billion from 1.16 billion shares valued at RM1.72 billion on Friday.

Interpacific Securities Head of Research Pong Teng Siew told Bernama the benchmark index, which was in the red since it started trading today, managed to pull back into positive territory in the last 10 minutes, helped by Maybank shares which counter back losses in some index.

"There is not much activities in the market today but continuous buying interest in Maybank's shares and with some recovery in the plantation stocks like PPB Group helped to limit the losses," he added.

On the scoreboard, the Plantation Index fell 21.86 points to 8,496.92, the Industrial Index gained 9.61 points to 3,017.38 and the Finance Index increased 84.07 points to 17,076.22.

The FBM Emas Index garnered 16.011 points to 12,441.32, the FBM 70 Index rose 35.59 points to 14,287.85, the FBMT100 added 12.14 points to 12,184.27 and the FBM ACE Index gained 34.46 points to 4,804.45. Among actives, Luster Industries lost half-a-sen to 10 sen, China Stationery added half-a-sen to 28.5 sen and Flonic Hi-Tec gained one sen to 10.5 sen.

For heavyweights, Maybank gained 10 sen to RM10.50, CIMB added three sen to RM8.35 while Axiata fell three sen to RM6.79. -- MORE

AMY AMY TOM