November 25, 2009 10:39 AM

BURSA MALAYSIA: Share Prices Firmer In Early Trading

KUALA LUMPUR, Nov 25 (Bernama) -- Share prices on Bursa Malaysia opened mostly firmer on Wednesday although losses in finance bluechips dragged down the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI), said dealers.

At 9.08am, the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) was 0.18 of a point lower at 1,271.91 after opening 1.07 point at 1,273.16.

Dealers said the local market would remain in a narrow range for the week with players absent following the current school holidays.

"We are not really following the US market now. The market is going on a soft sentiment and will be quiet for the time," a dealer said.

The US market dropped on Tuesday following disappointing economic figures although losses were curbed after the US Federal Reserve gave a better growth expectations for 2010.

The FBM Emas Index rose 1.75 points to 8,490.42, the FBM Top 100 increased 0.66 of a point to 8,298.48 and the FBM 70 gained 7.98 points to 8,240.2.

The FBM ACE added 25.27 points to 4,356.83, the Industrial Index perked 1.74 points to 2,693.76, the Plantation Index advanced 24.45 points to 6,230.37 while the Finance Index fell 19.75 points to 10,990.75.

Gainers led losers 85 to 48 while 57 counters were unchanged and 1,085 others were untraded.

A total of 31.483 million shares worth RM20.329 million were transacted.

Actives included Mithril which added 1.5 sen to 12 sen while Etitech and Affin-WC each gained two sen to 53.5 sen and 38 sen, respectively.

Heavyweights, Sime Darby and Tenaga were flat at RM8.95 and RM8.44.

Maybank slipped one sen to RM6.93, CIMB fell eight sen to RM12.92 and AMMB slipped 10 sen to RM4.94.

Maxis rose three sen to RM6.93 while both IOI Corporation and PPB went up four sen to RM5.43 and RM15.90, respectively, and Tanjong gained 14 sen to RM16.56.

-- BERNAMA

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