KUALA LUMPUR, Nov 5 — Bursa Malaysia closed mixed today with blue-chips held steady as investors look forward to the listing of Maxis Bhd, dealers said.
The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) rose 0.12 point to close at 1,253.96 boosted by Sime Darby, CIMB and Tanjong.
The FBM KLCI opened 1.22 points lower at 1,252.62. It moved between 1,252.62 and 1,253.96.
A dealer said Maxis’ listing was expected to push the FBM KLCI higher and attract more investors looking for quality shares.
MIMB Investment Bank said Maxis’ initial public offering (IPO) came at the right time.
“It coincided with the improved economic situation, more positive market sentiment, stronger consumer confident and recovery on the worldwide telcommunications industry,” it said.
The FBM Emas Index slipped 7.511 points to 8,388.39, FBM Top 100 declined 6.07 points to 8,178.59 and the FBM 70 fell 33.22 points to 8,110.05.
The FBM ACE Index, however, gained 117.82 points to 4,598.61.
The Finance Index advanced 14.521 points to 10,712.41.
The Industrial Index eased 0.63 point to 2,687.5 and the Plantation Index declined 12.5 points to 6,064.36.
Decliners led advancers by 382 to 294 while 234 counters were unchanged and 361 untraded.
Total turnover advanced to 1.523 billion shares valued at RM1.405 billion from 1.256 billion shares valued at RM1.312 billion yesterday.
An analyst said the FBM KLCI may extend its gains tomorrow on expectation the banking and finance stocks may provide a strong catalyst.
“We are expecting the key index to move between 1,260 and 1,270 level,” he said.
Meanwhile, TA Securities said market players should return in stronger numbers given the resurgent buying momentum on the broader market.
Turnover on the Main Market rose to 1.117 billion shares worth RM1.286 billion from 1.098 billion shares worth RM1.254 billion yesterday.
The ACE Market volume advanced to 366.707 million units valued at RM100.605 million from 112.415 million units valued at RM38.462 million yesterday.
Warrants fell to 15.708 million shares worth RM2.832 million from 24.537 million shares worth RM5.201 million previously.
Leading the actives list was Time Engineering, which rose two sen to 53.5 sen, REDtone gained 9.5 sen to 41.5 sen and ASIAEP added one sen to 10 sen.
Among heavyweights, Sime Darby rose seven sen to RM9.00, Maybank added one sen to RM6.83, CIMB was six sen higher at RM12.70.
Tenaga, however, fell one sen to RM8.40.
Consumer products accounted for 46.043 million shares traded on the Main Market, industrial products 183.890 million, construction 37.588 million, trade and services 481.071 million, technology 148.741 million, infrastructure 48.083 million, finance 44.337 million, hotels 1.055 million, properties 103.508 million, plantations 18.63 million, mining nil, REITs 2.131 million and closed/fund 92,000. — Bernama
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