Shares extend positive momentum in early trade: KUALA LUMPUR, Sept 12 — Shares on Bursa Malaysia continued their positive momentum for the fourth consecutive day in morning trade today following further interest in heavyweights particularly banking and finance counters, dealers said. At 9.44am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.81 points to 1,774.29 after opening at 1,777.76. On the scoreboard, the Finance Index jumped 69.35 points to 16,619.73, the Plantation Index 10.5 points to 8,291.43 and the Industrial Index 8.72 points at 3,019.46. The FBM Emas Index advanced 38.23 points to 12,293.37, the FBM100 Index 37.811 points to 12,047.73, the FBM 70 36.899 points to 13,913.06 and the FBM Ace 40.49 points to 5,136.37. Advancers led decliners by 259 to 99, with 99 counters unchanged, 195 untraded and 23 suspended. It was thin trading with volume at 399.945 million shares worth RM194.543 million. Solid Automotive, which made its debut on the Main Market of Bursa Malaysia this morning, was among the actives, with its shares rising 3.5 sen to 59.5 sen, from an offer price of 56 sen. The Johor-based automotive parts trading company, which opened at a premium of 4 sen, saw 43.937 million shares changing hands 44 minutes into the opening. Other actives were Pesona Metro, which edged up 1 sen to 51.5 sen, while Instacom Group was unchanged at 10.5 sen. Among banking and finance counters, Maybank rose 6 sen to RM10.12 and CIMB gained 7 sen to RM7.57. Of the other heavyweights, Axiata rose 4 sen to RM6.88, Sime Darby 5 sen to RM9.58 and Petronas Chemicals 2 sen to RM6.76. — Bernama dlvr.it/3xzT1B
Posted on: Thu, 12 Sep 2013 03:32:41 +0000
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