Tuesday, November 9, 2010

FBM KLCI posts new record high today

PETALING JAYA: The FTSE Bursa Malaysia KL Composite Index (FBM KLCI) posted a new record high today closing by 6.69 points higher to 1,526.53.

Today, gainers led losers with 447 counters up, 412 counters down and 270 counters remained unchanged.

A total of 1.64 billion shares were traded with turnover of RM2.13bil.

The top three gainers were F&N that added RM1.08 to RM15.70, YTLPOWR-WB climbed by 33 sen to RM1.50 and BKAWAN increased by 30 sen to RM15.70.
FMB KLCI up 0.5% to hit new high of 1,519.84 on Monday

For the heavyweights, Maybank added 19 sen to RM9.29, CIMB climbed 15 sen RM8.50, MISC lost 6 sen to RM8.74 and Sime Darby remained unchanged at RM9.03.

To recap, FBM KLCI closed up 0.5%, or 8.1 points, to 1,519.84 yesterday, eclipsing the previous record close of 1,516.22 set on Jan 11, 2008 on keen buying of plantation and consumer-related counters.

According to HWANGDBS Vickers Research, there was a possibility that our Malaysian bourse could continue its uptrend ahead although Wall Street showed little changed overnight – its key equity indices ended between flat to minus 0.3% at the closing bell.

“If so, then the benchmark FBM KLCI will probably show a positive bias and challenge the immediate resistance threshold of 1,525 (which was also its all-time high back in Jan 08) going forward,” it said in a report today.

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