KL shares mixed at mid-day

 

SHARE prices were mixed on Bursa Malaysia at mid-day amid sustained gains registered by heavyweights after yesterday's strong fall.

Dealers said interest was mostly seen on financial, property and construction related stocks but trading remained thin.

The benchmark FTSE Bursa Malaysia (FBM) Kuala Lumpur Composite Index, which ended yesterday at the lowest level since Nov 30, rebounded to end the morning session 3.67 points higher at 1,259.33.
The FBM Emas Index added 21.54 points to 8,390.67, the FBM Top 100 Index rose 21.22 points to 8,211.68, FBM 70 Index went up 10.37 points to 8,135.15 while the FBM Ace Index perked 14.25 points to 4,199.17.

The Finance Index advanced 53.21 points to 10,897.28, prompted by Maybank which gained two sen to RM6.74 and CIMB Group which rose four sen to RM12.84.

However, the Plantation Index lost 2.49 points to 6,279.39 as crude palm oil futures prices retreated 2.5 per cent on Monday after touching a six-and-a-half month high last week.

Accordingly, major plantation stocks like IOI Corp shed one sen to RM5.39 while PPB Group lost 10 sen to RM15.90.

The Industrial Index increased 10.76 points to 2,658.38.

There were 239 gainers and 206 losers while 232 other stocks remained unchanged.

Volume was reduced at 201.345 million shares, valued at RM276.519 million, from yesterday's morning session turnover of 228.366 million shares valued at RM364.992 million.

Trading in Malaysia Airlines shares were suspended pending an announcement on material transactions. It was last traded at RM3.05 per share.

The airline, which is expected to hold a press conference later today, informed Bursa Malaysia that the transactions would involve a fund raising exercise and a related party transaction where the percentage ratio would equal or exceed 25 per cent.

China-based sportswear company Xidelang was the most active stock, losing half-a-sen to 49 sen with 16.505 million shares changing hands, followed by Denko Industrial which rose half-a-sen to 13.5 sen and Jerneh Asia Warrants which rose 20 sen to 97 sen.

Conglomerate Sime Darby rose six sen to RM8.95, Maxis perked two sen to RM5.40 and utility giant Tenaga Nasional was flat at RM8.33.- Bernama