KUALA LUMPUR, July 28 -- Share prices on Bursa Malaysia were higher at
mid-morning today on follow-through buying seen in select heavyweights and lowe
liners, dealers said.
At 11.15am, the Kuala Lumpur Composite Index (KLCI) rose 11.79 points to
1,153.54. The KLCI opened 0.32 of a point higher at 1,142.07 compared to last
Friday's close of 1,141.75.
The Finance Index advanced 10.62 points to 8,832.87, the Industrial Index
increased 9.50 points to 2,441.39 and the Plantation Index gained 134.11 points
to 6,356.41.
Of the FTSE-BM Index series, the FBMEmas went up 76.95 points to 7,655.67,
the FBM30 increased 66.79 points to 7,435.73, the FBM2BRD was 26.98 points
higher at 5,445.89 and the FBM-MDQ rose 51.60 points to 4,313.02.
Advancers led decliners by 318 to 96 while 140 counters were unchanged, 800
still untraded and 26 suspended.
Volume amounted to 332.267 million shares valued at RM317.067 million.
"Technically speaking, indicators are mixed to slightly positive,
suggesting the market may attract follow-through interest this week, especially
if buying
momentum is able to recover significantly," SBB Securities Sdn Bhd said in a
research note today.
Overall, the KLCI direction will be determined on a day-to-day basis,
predominantly by oil prices, and volatility will remain a key feature, it
said.
Short-term resistance levels are expected to move between 1,160 and 1,180
points and the support levels between 1,090 and 1,100 points.
Among the actives, MK Land rose 1.5 sen to 22 sen, Tebrau increased six sen
to 57.5 sen, Ranhill was 16 sen higher at RM1.43 and MRCB gained six sen to
RM1.06.
Of the heavyweights, Sime Darby and Maybank were both flat at RM8.00 and
RM7.55 respectively while IOI Corp added 15 sen to RM5.65 and KL Kepong advance
40 sen to RM13.50.
28/07/2008 11:47 AM
mid-morning today on follow-through buying seen in select heavyweights and lowe
liners, dealers said.
At 11.15am, the Kuala Lumpur Composite Index (KLCI) rose 11.79 points to
1,153.54. The KLCI opened 0.32 of a point higher at 1,142.07 compared to last
Friday's close of 1,141.75.
The Finance Index advanced 10.62 points to 8,832.87, the Industrial Index
increased 9.50 points to 2,441.39 and the Plantation Index gained 134.11 points
to 6,356.41.
Of the FTSE-BM Index series, the FBMEmas went up 76.95 points to 7,655.67,
the FBM30 increased 66.79 points to 7,435.73, the FBM2BRD was 26.98 points
higher at 5,445.89 and the FBM-MDQ rose 51.60 points to 4,313.02.
Advancers led decliners by 318 to 96 while 140 counters were unchanged, 800
still untraded and 26 suspended.
Volume amounted to 332.267 million shares valued at RM317.067 million.
"Technically speaking, indicators are mixed to slightly positive,
suggesting the market may attract follow-through interest this week, especially
if buying
momentum is able to recover significantly," SBB Securities Sdn Bhd said in a
research note today.
Overall, the KLCI direction will be determined on a day-to-day basis,
predominantly by oil prices, and volatility will remain a key feature, it
said.
Short-term resistance levels are expected to move between 1,160 and 1,180
points and the support levels between 1,090 and 1,100 points.
Among the actives, MK Land rose 1.5 sen to 22 sen, Tebrau increased six sen
to 57.5 sen, Ranhill was 16 sen higher at RM1.43 and MRCB gained six sen to
RM1.06.
Of the heavyweights, Sime Darby and Maybank were both flat at RM8.00 and
RM7.55 respectively while IOI Corp added 15 sen to RM5.65 and KL Kepong advance
40 sen to RM13.50.
28/07/2008 11:47 AM
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