KL shares end firmer (13.02.2009)

SHARE prices on Bursa Malaysia were firmer ahead of the weekend as local funds threw their support behind selected heavyweights amid rising concern over the mini budget to be tabled in Parliament next month, dealers said.

At the closing bell, the Kuala Lumpur Composite Index (KLCI) surged 15.24 points to close at a higher level of 909.84, boosted by gains mostly in Tenaga Nasional.

The KLCI opened this morning at 895.32, which was 0.72 of a point higher compared to yesterday’s closing of 894.60.

At closing, the Industrial Index rose 6.42 points to 2,132.38, the Finance Index was 144.11 points higher at 7,182.29 and the Plantation Index jumped 55.87 points to 4,602.32.

The FBMEmas went up 102.54 points to 5,964.02, the FBM30 increased 96.48 points to 5,873.95, the FBMMesdaq declined 7.44 points to 3,307.11 and the FBM2BRD gained 37.57 points to 4,005.95.

Gainers led losers by 377 to 145 while 175 counters closed unchanged, 559 untraded and 35 suspended.

Turnover surged to 535.84 million shares valued at RM797.89 million from yesterday’s close of 339.81 million shares worth RM592.63 million.

Volume on the Main Board improved to 474.57 million shares worth RM782.6 million from yesterday’s close of 288.1 million shares valued at RM582.78 million.

Turnover on the Second Board rose to 37.83 million shares valued RM10.92 million from 19.37 million shares worth RM5.6 million previously.

Volume on the Mesdaq Market, however, declined to 8.96 million shares worth RM2.89 million from 10.85 million shares valued at RM2.62 million yesterday.

Warrants were lower at 13.36 million shares valued at RM1.2 million compared to yesterday’s close of 20.58 million shares worth RM1.44 million.

Leading the actives, Malaysian Resources Corporation added 8.5 sen to 88.5 sen, Gamuda rose 19 sen to RM2.10 and UEM Land Holdings edged up five sen to 77 sen.

Among the heavyweights, Sime Darby dropped five sen to RM5.70, Maybank advanced 20 sen to RM5.55 and Tenaga Nasional gained 40 sen to RM6.35.

IOI Corporation went up six sen to RM3.82 and Bumiputra-Commerce added 10 sen to RM6.60. - Bernama

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