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KL shares open marginally higher Posted: 02 Jul 2013 06:45 PM PDT Share prices opened marginally higher today bolstered by selected bluechips, dealers said. At 9.01am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.65 points better at 1,773.540 after opening 0.53 of a point higher to 1,772.42. Dealers said the Malaysian bourse would likely swing sideways with a slight negative bias today in the absence of fresh market leads. Nevertheless, the immediate downside risk for the key FBM KLCI remained relatively limited, with the benchmark index probably still treading above the first support level of 1,750 ahead, they said. On the scoreboard, the Finance Index dipped 1.09 points to 16,900.65, the Industrial Index rose 4.34 points to 3,017.12, the Plantation Index gained 7.06 points to 8,374.81 while the FBM Ace Index added 3.29 points to 4,615.31. Gainers led losers 84 to 52, while 1,447 counters were unchanged, volume stood at 14.5 million shares worth RM17.5 million. Among actives, Iris and Eti Tech were both flat at 19 sen and 4.5 sen, respectively, while Ewein Bhd-WA added two sen to 19.5 sen. As for heavyweights, Maybank was unchanged at RM10.40, CIMB Group rose one sen to RM8.24 but Sime Darby shed one sen to RM9.49 sen.-- Bernama

KL bourse rises in early trade Posted: 02 Jul 2013 06:52 PM PDT Malaysia's benchmark stock index rose in early trade, with the country's fifth-largest lender, Hong Leong Bank Bhd, and oil and gas firm Petronas Chemicals Group Bhd leading the gains. The index, which climbed 0.06 per cent, outperformed both MSCI's broadest index of Asia Pacific shares outside Japan, that fell 0.59 per cent, and Tokyo's Nikkei share average, which declined 0.34 per cent. "Immediate downside risk for the key index remains relatively limited, with the benchmark index probably still treading above the first support level of 1,750 ahead," HwangDBS Vickers Research said in a note to clients on Wednesday. HwangDBS also said investors would watch Ewein Bhd, after local media reported that the metal fabricator company was close to securing a sizeable contract, worth around RM1 billion, related to the construction of a mega undersea tunnel project in Penang. The index was up 0.08 per cent at 1,772.88.-- Reuters

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