Shares close firmer on better industrial production date: KUALA LUMPUR, Sept 11 — Shares on Bursa Malaysia closed firmer at the end of the afternoon session today, as investors continue their buying support on the back of the country’s better industrial production data, which was released earlier today, dealers said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.53 points to 1,768.48, pushed up by gains mostly in Axiata. However, mild profit-taking in counters like Maybank and UMW Holdings capped some of the earlier gains. The ringgit’s appreciation at close is also a sign that foreign investors are returning to the market. Yesterday, the local bourse saw foreign funds accounting for 31.2 per cent trading participation, while local institutions stood at 48.27 per cent and local retail players at 20.53 per cent. The Statistics Department said Malaysia’s Industrial Production Index (IPI) grew by 7.6 per cent in July when compared with the same month a year ago, boosted by manufacturing, mining and electricity. As for the ringgit, it rebounded further and closed at 3.2600/2630 to a US dollar today after hitting a 27-month low at RM3.33 to a US dollar on August 27. The benchmark index, which opened at 1,769.8, moved between 1,763.05 and 1,776.11. Meanwhile, it was a mixed trend across the region, with Japan’s Nikkei 225 gaining 1.71 points to 14,425.07, while Hong Kong’s Hang Seng declined 39.51 points to 22,937.14 and Singapore’s Straits Times slipped 15.7 points to 3,108.19. Back to the scoreboard, the Industrial Index rose 20.3 points to 3,010.74, the Finance Index added 2.092 points to 16,550.38 and the Plantation Index added 3.729 points to 8,280.93. The FBM Emas Index was 23.63 points higher at 12,255.14, the FBMT100 gained 26.65 points to 12,009.92, the FBM 70 Index advanced 41.78 points to 13,876.16 and the FBM ACE Index garnered 11.82 points to 5,095.88. Gainers led losers by 402 to 384, with 289 counters unchanged, 505 untraded and 15 others suspended. Turnover rose to 1.99 billion units worth RM2.227 billion from yesterday’s closing at 1.811 billion shares worth RM2.402 billion. — Bernama dlvr.it/3xnhcZ
Posted on: Wed, 11 Sep 2013 12:42:41 +0000
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