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KLCI futures higher in early session Posted: 20 Oct 2013 07:04 PM PDT The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives were traded higher in early session today in tandem with the positive cash market. At 9.24am, spot month October 2013 gained 3.5 points to 1,802, November 2013 rose 2.5 points to 1,801 and December 2013 added three points to 1,802. Turnover stood at 343 lots while open interest totalled 42,948 contracts. The underlying FBM KLCI was 0.67 a point higher at 1,800.26 after 24 minutes of trading.-- Bernama |
Posted: 20 Oct 2013 07:02 PM PDT Shares on Bursa Malaysia opened lower but picked up momentum thereafter, supported by buying interest, in tandem with the
Three minutes after the opening, the FBM KLCI stood 1.88 points higher at 1,801.47, after opening 0.67 of a point lower at 1,798.92. Gainers led losers 92 to 50, with 115 counters unchanged, 1,364 untraded and 14 others were suspended. Turnover stood at 61.59 million shares worth RM20.84 million. HwangDBS Vickers Research said the positive external vibes could lift sentiment on the local bourse today. "From a technical perspective, the benchmark FBM KLCI is poised to overcome the psychological mark of 1,800, possibly making its way towards the next resistance hurdle of 1,825 ahead," it said in a note today. On the corporate scene, construction counters may attract interest today after a local daily reported that the feasibility study for the third Light Rail Transit, connecting Kelana Jaya to Klang through Shah Alam with a project cost of RM8 billion to RM9 billion, would be completed by the end of next month. "Separately, Aeon Credit Service Malaysia shares could also be in the limelight too following its strong quarter earnings jump, up 34 per cent to RM43 million," it added. On the scoreboard, the Finance Index fell 11.21 points to 16,797.85 but the Plantation Index rose 20.97 points to 8,450.72 and the Industrial Index was 1.28 points higher at 3,096.20. The FBM Emas Index increased 12.64 points to 12,543.81, the FBMT100 Index advanced 11.89 points to 12,273.9, the FBM Ace added 19.41 points to 5,548.90 and the FBM 70 increased 10 points to 14,345.93. Among actives, Hubline and Hovid rose one sen each to 6.5 sen and 32 sen, respectively, and Hubline-Wa added half-a-sen to two sen. As for heavyweights, Maybank rose one sen to RM9.94, CIMB gained three sen to RM7.58 while Axiata was flat at RM6.91.-- Bernama |
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