KL steadier in line with Asian peers

The key index rose 4.91 points to 1,599.15 after opening 0.20 point better at 1,594.53.

Dealers said European leaders unexpectedly agreed measures to ease the region’s debt crisis and bank problems which lifted market sentiment globally.

The Finance Index added 26.14 points to 14,240.98, Plantation Index increased 50.17 points to 8,484.06 and the Industrial Index advanced 17.34 points to 2,847.47.

The FBM Emas Index improved 36.67 points to 10,917.64, FBM 70 Index gained 57.59 points to 11,919.38 and the FBM ACE Index climbed 48.33 points to 4,354.7.

Gainers led losers 473 to 271, 320 counters were unchanged, 508 untraded and 33 others were suspended.

Among volume leaders, Luster Industries eased 2.5 sen to 12 sen, Ingenuity Solutions earned two sen to 12 sen while Flonic Hi-Tech-WA was flat at 6.5 sen.

Of the heavyweights, Maybank and Sime Darby added one sen each to RM8.70 and RM9.89, respectively, while both CIMB and Petronas was flat at RM7.57 and RM6.47, respectively.

Meanwhile, FBM KLCI futures ended higher, tracking the uptrend on the cash market.

June 2012 added 8.0 points to 1,600, July 2012 perked 11.5 points to 1.606, September 2012 increased 10.5 points to 1,605 and December 2012 rose 9.5 points to 1,601.

Turnover slipped to 12,778 lots from 22,002 lots while open interest fell to 41,582 from 42,721 contracts previously. Bernama

Business Times : marketwatch

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