Gains in selected bluechips help lift KL share prices

KUALA LUMPUR (Feb 13, 2013): Share prices on Bursa Malaysia closed higher today, lifted by gains in selected bluechips and amid a bullish external sentiment, dealers said.

As at 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended 7.36 points higher at 1,631.16, after opening at 1,627.46. The barometer index had moved between 1,627.46 and 1,633.71 throughout the day.

A dealer said the local bourse saw movement of consumer counters such as British American Tobacco (BAT) and Kuala Lumpur Kepong, alongside finance counters such as Aeon Credit and Public Bank, to lead the gains in bluechips. BAT gained 40 sen to RM58.40, while Kuala Lumpur Kepong and Aeon Credit improved 38 sen to RM21.68 and RM11.38 respectively, with Public Bank advancing 12 sen to RM15.98.

The dealer said the market movement was also in tandem with the positive sentiment on regional markets and on Wall Street, which saw the Dow Jones close at a five-year high in overnight trade.

The good showing on Wall Street was in anticipation of President Barack Obama's State of the Union address scheduled for today, mixed with favourable results in the earnings season. However, the dealer said the local bourse was still low, due to the absence of many retail and corporate players due to the Chinese New Year holiday.

"The daily volume stood at below the one billion shares mark as most market players are presumably still be away for the Chinese New Year break," he added. The Finance Index jumped 81.7 points to 15,026.34, the Industrial Index earned 14.02 points to 2,796.24, and the Plantation Index was up 47.38 points to 7,946.04.

The FBM Emas Index rose 54.34 points to 11,074 and the FBMT100 advanced 52.979 points to 10,931.06. The FBM Mid 70 Index increased 74.85 points to 11,998.93, and the FBM Ace Index added 31.9 points to 4,064.63.

Gainers outnumbered losers by 376 to 209, with 247 counters unchanged, 812 untraded and 17 others suspended. Volume rose to 758.96 million shares worth RM1.1 billion from the 666.63 million units worth RM1.290 billion on last Friday.

Among actives, Compugates earned half-a-sen to 9.5 sen and Patimas added 1.5 sen to 8.5 sen, while Integrated Rubber and Axiata bagged three sen each to 23 sen and RM6.29 respectively, with GPRO unchanged at 10 sen.

As for the heavyweights, CIMB rose seven sen to RM7.25, Petronas Chemicals improved 10 sen to RM6.10 and Petronas Gas chalked up 16 sen to RM18.46. Maybank was unchanged at RM8.98, while Sime Darby dropped one sen to RM9.25.

Main Market newcomer, Asia Media, promoted from the Ace Market on Monday, lost half-a-sen to 17 sen. Volume on the Main Market rose to 625.24 million shares worth RM1.08 billion from 523.449 million units valued at RM1.275 billion last week.

Turnover on the ACE market declined to 109.91 million shares valued at RM12.23 million from 117.085 million shares worth RM13.06 million previously. Warrants decreased to 23.12 million units valued at RM1.04 million from the 24.897 million units valued at RM1.263 million on last Friday.

Consumer products accounted for 20.75 million shares on the Main Market, industrial products 99.23 million, construction 23.22 million, trade and services 270.23 million, technology 112.69 million, infrastructure 12.63 million, finance 39.45 million, hotels 160,300, properties 53.12 million, plantations 5.93 million, mining 17,000, REITs 7.63 million and closed/fund 27,900.

The price of gold as at 5pm stood at RM158.28 per gramme, down RM2.72 from RM161.00 at 5pm last Friday. – Bernama