KL bourse lifted by positive foreign leads

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As at 5.30pm, the benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) was up 0.8 point to 1,607.32, after opening two points higher at 1,608.52. The index moved between 1,607.9 and 1,612.73 yesterday.

A dealer said buying interest in banking, telcommunication and oil and gas counters continued to lift the local market amid bullish external sentiments.

He said the market’s performance was in tandem with the regional trend, boosted by positive news that the US political leaders were closing in on a budget deal to avoid a so-called “fiscal cliff”.

Losers led gainers 354 to 327, while 334 counters were unchanged, 643 untraded and 41 others were suspended.

Of the actives, Tiger Synergy gained 3 sen to 41.5 sen, Tiger Synergy-WA added 4 sen to 28.5 sen, Hiap Huat lost 1.5 sen to 18.5 sen while SAAG and Ariantec Global were flat at 0.5 sen and 7 sen, respectively.

Among the heavyweights, Maybank earned 3 sen to RM9.07, Axiata and Public Bank rose 4 sen to RM5.91 and RM15.48. CIMB lost 6 sen to RM7.48 and Sime Darby shed 3 sen to RM8.97.

Meanwhile FBM KLCI futures on Bursa Malaysia Derivatives closed slightly higher in tandem with the stronger cash market, dealers said. November 2012 and June 2013 gained two points each to 1,611 and 1,607, respectively, December 2012 earned one point to 1,610.5 and March 2013 climbed 0.5 points to 1,609.5.

Turnover fell sharply to 7,692 lots from Wednesday’s 26,856 lots while open interest dwindled to 35,364 contracts from 54,038 contracts recorded previously. Bernama

Business Times : marketwatch

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