NST Online Business Times : latest

Posted: 11 Jul 2013 06:45 PM PDT

Share prices on Bursa Malaysia opened higher in early trading today, extending upward momentum as sentiments were boosted by Wall Street's overnight gains, dealers said.

At 9am, the FTSE Bursa Malaysia KLCI (FBM KLCI) opened at 1,785.0, up 3.85 points, and rose 11.54 points to 1,785.92 after nine minutes of trading.

Market breadth was positive, with 168 gainers and 52 losers, while 135 counters were unchanged, 1,221 untraded and 16 others suspended.

Turnover stood at 62.79 million shares worth RM46.69 million.

HwangDBS Vickers Research said Wall Street resumed its rally last night with key US stock indices jumping between 1.1 per cent and 1.6 per cent to attain new highs at the closing bell.

"Our Malaysian bourse could ride on the momentum to chalk up further gains today," the research house said.

On the chart, the benchmark FBM KLCI may challenge to overcome the first resistance level of 1,785 ahead, it said.

Meanwhile, the Plantation Index rose 20.17 points to 8,450.88, the Industrial Index gained 22.69 points to 3,027.41, the Finance Index rose 7.33 points to 16,973.7 and the FBM Emas Index garnered 33.48 points to 12,424.57.

The FBM 70 Index garnered 23.36 points to 14,219.11 and the FBM ACE Index rose 12.56 points to 4,776.44.

Among actives, Pantech rose three sen to RM1.03, Ekowood added 2.5 sen to 23 sen and Luster gained half sen to 10.5 sen.

As for heavyweights, Maybank and Axiata were flat at RM10.44 and RM6.80, respectively, while CIMB earned two sen to RM8.30.-- Bernama

KL bourse up in early trade

Posted: 11 Jul 2013 06:51 PM PDT

Malaysia's benchmark stock index rose in early trade on Friday, led by gains in oil and gas firm Petronas Gas Bhd and property group UEM Sunrise Bhd.

The index, which climbed 0.33 per cent at 9.03am in Kuala Lumpur, outperformed MSCI's broadest index of Asia Pacific shares outside Japan that rose 0.06 per cent, while it underperformed Tokyo's Nikkei share average, which edged 0.50 per cent up.

"Continuing from where it left off yesterday, our Malaysian bourse could ride on the momentum to chalk up further gains today," HwangDBS Vickers Research said in a research note to clients.

"On the chart, the benchmark key index may challenge to overcome the first resistance level of 1,785 ahead," the note added.

HwangDBS also said investors will watch Ahmad Zaki Resources Bhd after the construction firm bagged a contract worth RM172 million.-- Reuters

Kredit: www.nst.com.my

Khamis, 11 Julai 2013

NST Online Business Times : latest

NST Online Business Times : latest

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