ID :
54851
Fri, 04/10/2009 - 20:16
Auther :
Shortlink :
http://m.oananews.org//node/54851
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MALAYSIA STOCK EXCHANGE HITS HIGH NOTE
KUALA LUMPUR, April 10 (Bernama) -- Share prices on Bursa Malaysia (Malaysia Stock Exchange) closed higher Friday with the KLCI (Kuala Lumpur Composite Index) at 941.38, the highest in six months fuelled by positive sentiment following the new Malaysian Cabinet line-up, dealers said.
The CI increased 23.49 points or 2.56 percent Friday, as the market
continued to react positively to the new list of ministers and deputy ministers,
which was announced yesterday by Prime Minister Datuk Seri Najib Tun Razak.
The index recorded an intra-day high of 942.4 and a low of 925.86.
The overnight gain on Wall Street which saw the Dow Jones Industrial Index
up by 3.14 percent to 8,083.38 and the S&P 500 rising 3.81 percent to 856.56
also influenced market momentum.
Analysts are also expecting the CI to touch 950 level next week as the
buying momentum has been getting stronger especially in heavyweights.
The Finance Index gained 182.92 points to 7,015.36, the Industrial
Index rose 59.7 points to 2,227.82 and the Plantation Index advanced 121.37
points to 4,918.59.
Of the FTSE-BM Index series, the FBMEmas went up 164.1 points to 6,192.58,
the FBM30 added 162.79 points to 6,047.76, the FBM2BRD was 49.16 points higher
at 4,040.24 and the FBM-MDQ rose 83.42 points to 3,108.2.
Advancers led decliners by 554 to 100 while 143 counters were unchanged, 446
still untraded and 34 others suspended.
Volume increased to 1.155 billion shares worth RM1.298 billion (US$0.35
billion)compared to Thursday's 715.124 million shares valued at RM990.704
million (US$271 million).
-- BERNAMA
The CI increased 23.49 points or 2.56 percent Friday, as the market
continued to react positively to the new list of ministers and deputy ministers,
which was announced yesterday by Prime Minister Datuk Seri Najib Tun Razak.
The index recorded an intra-day high of 942.4 and a low of 925.86.
The overnight gain on Wall Street which saw the Dow Jones Industrial Index
up by 3.14 percent to 8,083.38 and the S&P 500 rising 3.81 percent to 856.56
also influenced market momentum.
Analysts are also expecting the CI to touch 950 level next week as the
buying momentum has been getting stronger especially in heavyweights.
The Finance Index gained 182.92 points to 7,015.36, the Industrial
Index rose 59.7 points to 2,227.82 and the Plantation Index advanced 121.37
points to 4,918.59.
Of the FTSE-BM Index series, the FBMEmas went up 164.1 points to 6,192.58,
the FBM30 added 162.79 points to 6,047.76, the FBM2BRD was 49.16 points higher
at 4,040.24 and the FBM-MDQ rose 83.42 points to 3,108.2.
Advancers led decliners by 554 to 100 while 143 counters were unchanged, 446
still untraded and 34 others suspended.
Volume increased to 1.155 billion shares worth RM1.298 billion (US$0.35
billion)compared to Thursday's 715.124 million shares valued at RM990.704
million (US$271 million).
-- BERNAMA
