FBM KLCI hits historic high on persistent buying of bluechip stocks

  • Business
  • Saturday, 02 Jul 2011

KUALA LUMPUR: The FBM KLCI ended yesterday’s trading at another historic high of 1,582.94 after closing at fresh highs on Wednesday and Thursday on persistent buying interest of select bluechip stocks.

Yesterday, the local bourse had opened at 1,580.83 and hit a day low of 1,576.89. However, losers outpaced gainers by 388 to 352 while 317 other counters were traded unchanged.

There were 801.95 million shares done with a total turnover of RM1.4bil – total volume had decreased on Friday, compared with Thursday’s trade of 947.6 million shares with a turnover of RM1.8bil.

Trading remained lacklustre and in a narrow band yesterday until a half-hour before market closed.

In general, the local scenario mirrored sentiments among investors abroad after Greek lawmakers passed further austerity measures which then calmed markets globally.

Among the gainers were MSM Malaysia Holdings Bhd which was up 25 sen to RM4.98, UMW Holdings Bhd which rose 26 sen to RM7.48 and PPB Group Bhd which was up by 46 sen to RM17.68.

The losers included APM Automotive Holdings Bhd, which lost 7 sen to RM4.81, and Yinson Holdings Bhd, which was down 11 sen to RM1.78. Eversendai Corp Bhd, which rose 2 sen to RM1.72 was the most active counter with 59.5 million shares done.

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