Blue chips boost local market

SHARES on Bursa Malaysia ended 0.28 per cent higher yesterday, lifted by gains in heavyweights.

The FTSE Bursa Malaysia KLCI (FBM KLCI) improved 5.12 points to 1,812.72, after hovering between 1,804.27 and 1,812.72.

Among heavyweights, Petronas Dagangan soared 76 sen to RM31.20, Petronas Gas surged 26 sen to RM23.86, Hong Leong Financial rose 16 sen to RM15.82, and PPB Group gained 14 sen to RM14.86.

However, losers led gainers by 402 to 347 on profit-taking, with 315 counters unchanged, 524 untraded and 44 others suspended.

Total turnover declined to 1.19 billion shares worth RM1.52 billion from 1.28 billion shares worth RM1.35 billion on Thursday.

On the scoreboard, the Finance Index gained 30.4 points to 16,675.65, the Industrial Index rose 13.86 points to 3,153.83, and the Plantation Index was 30.39 points better at 8,880.05.

The FBM Emas Index increased 21.11 points to 12,572.04, the FBMT100 Index advanced 23.55 points to 12,302.33, while the FBM 70 Index shed 19.02 points to 14,181.25 and the FBM ACE Index fell 38.33 points to 5,592.51.

Meanwhile, FBM KLCI futures contracts on Bursa Malaysia Derivatives closed mostly higher in tandem with the cash market.

November 2013 lost 3.0 points to 1,807.5, December 2013 gained 2.0 points to 1,811.5, March 2014 added 4.0 points to 1,811.5, and June 2014 gained 3.0 points to 1,806.

Turnover rose to 10,876 lots from 10,167 lots on Thursday, while open interest increased to 50,821 contracts from 50,634 contracts before. Bernama

Business Times : marketwatch

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