MALAYSIAN shares closed up 1 per cent today at a new high for the year with interest mainly confined to blue chips, dealers said.
The Kuala Lumpur Composite Index gained 11.18 points to 1,082 with a volume of 972.21 billion shares worth RM1.83 billion
(US$522.48 million). There were 613 gainers, 144 losers and 190 traded unchanged.
The Plantation Index increased 26.87 points to 5,487.15, the Industrial Index rose 11.36 points to 2,360 and the Finance Index rose 142.45 points to 8,478.51.
The FBMEmas Index increased 83.32 points to 7,284.84, the FBM30 rose 63.02 points to 6,902.46, the FBMMesdaq Index advanced 118.73 points to 4,340.02 and the FBM2BRD Index surged to 97.24 points to 4,838.18.
“Better than expected April manufacturing data for Malaysia helped to accelerate buying interest in late trade, pushing index-linked issues higher,” a dealer told Dow Jones Newswires.
“The ability of the benchmark to rise to a new year high today is testimony to the bullish underlying sentiment,” the dealer added.
Malaysia’s industrial output slid 11.4 per cent year on year in April as weak exports caused a drop in the manufacturing, mining and electricity sectors, according to official data today.
However, the industrial production index fell 0.3 per cent compared to the previous month, the government’s statistics department said in a statement.
Revised figures showed industrial output sank 12.7 per cent in March, as poor global economic conditions hit Malaysia’s key exports and industrial production, in turn squeezing the labour market and private sector activity.
Transmile rose 17.4 per cent to RM1.55 as Iris was up 7.5 per cent at 22 sen.
Hovid was down 8.8 per cent to 31 sen and Tanjong slid 0.8 per cent to RM13. - Agencies
The Kuala Lumpur Composite Index gained 11.18 points to 1,082 with a volume of 972.21 billion shares worth RM1.83 billion
(US$522.48 million). There were 613 gainers, 144 losers and 190 traded unchanged.
The Plantation Index increased 26.87 points to 5,487.15, the Industrial Index rose 11.36 points to 2,360 and the Finance Index rose 142.45 points to 8,478.51.
The FBMEmas Index increased 83.32 points to 7,284.84, the FBM30 rose 63.02 points to 6,902.46, the FBMMesdaq Index advanced 118.73 points to 4,340.02 and the FBM2BRD Index surged to 97.24 points to 4,838.18.
“Better than expected April manufacturing data for Malaysia helped to accelerate buying interest in late trade, pushing index-linked issues higher,” a dealer told Dow Jones Newswires.
“The ability of the benchmark to rise to a new year high today is testimony to the bullish underlying sentiment,” the dealer added.
Malaysia’s industrial output slid 11.4 per cent year on year in April as weak exports caused a drop in the manufacturing, mining and electricity sectors, according to official data today.
However, the industrial production index fell 0.3 per cent compared to the previous month, the government’s statistics department said in a statement.
Revised figures showed industrial output sank 12.7 per cent in March, as poor global economic conditions hit Malaysia’s key exports and industrial production, in turn squeezing the labour market and private sector activity.
Transmile rose 17.4 per cent to RM1.55 as Iris was up 7.5 per cent at 22 sen.
Hovid was down 8.8 per cent to 31 sen and Tanjong slid 0.8 per cent to RM13. - Agencies
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