KL shares edge slightly higher mid-day

Publish date: Tue, 29 Apr 2014, 03:19 PM
The FTSE Bursa Malaysia KLCI (FBM KLCI) edged slightly higher at mid-day today amid cautious trading on regional markets.
The benchmark index improved 0.42 of a point to 1,856.16 points as at the lunch break, after hovering between 1,852.27 points and 1,857.54 points in the
session.
Market breadth was very negative as losers outpaced gainers 755 to 112, while 231 counters were unchanged, 531 untraded and 29 others suspended.
Turnover stood at 1.66 billion shares worth RM1.01 billion.
A dealer said most major Asian stocks fell as investors weighed on poorer corporate earnings and prospects that Russia would be subject to new sanctions as tensions over Ukraine intensified.
"Furthermore, investors are on cautious mode ahead of the outcome of the US Federal Open Market Committee meeting scheduled for today and tomorrow," he
added.
Of the heavyweights, Maybank increased 5.0 sen to RM9.69, TNB rose 4.0 sen to RM11.88 and CIMB was 1.0 sen higher at RM7.50, while Public Bank and Axiata
remained unchanged at RM20.16 and RM6.67.
Among actives, Visdynamics slipped 20 sen to 27 sen, PDZ Holdings eased 1.0 sen to 14.5 sen, China Stationery shed 2.0 sen to 14 sen, while debutant Xinghe Holdings surged 10.5 sen to 21.5 sen with 44.59 million shares traded.
On the scoreboard, the Industrial Index gained 12.73 points to 3,154.44 points, the Plantation Index improved 17.21 points to 8,981.86 points and the Finance Index rose 12.54 points to 17,030.58 points.
The FBM 70 was down 66.68 points to 14,049.73 points, the FBM Emas Index was 21.13 points lower at 12,858.69 points, the FBMT100 Index depreciated 11.11
points to 12,506.01 points, and the FBM Ace trimmed 197.26 points to 6,556.89 points.-- Bernama
Discussions
Be the first to like this. Showing 2 of 2 comments

fortunebullz

Tomorrow should be fantastic good market! Those smart ones buying heavily today will be laughing tomorrow!

2014-04-29 16:43

auroraborealis

nonsense!

2014-04-29 16:45

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