Malaysia Market Watch 14th August 2012

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SHARE prices on Bursa Malaysia closed mixed yesterday in line with poor performances in the regional markets spooked by recent reports of weak economic outlook for major economies, dealers said.

The benchmark FTSE Bursa MalaysiaKLCI (FBM KLCI), however, was up 0.96 to 1,646.32 points.

Decliners outnumbered gainers by 421 to 321 while 349 counters closed unchanged, 529 were untraded and 22 others suspended. Turnvover decreased to 982.567 million shares worth RM1.226 billion from 1.229 billion shares worth RM1.544 billion last Friday.

While the Finance Index rose 13.36 points to 14,789.12 and the Industrial Index increased 13.82 points to 2,889.62, the Plantation Index fell 19.15 points to 8,728.72.

The FBM Emas Index decreased 1.19 points to 11,261.17 and the FBMT100 Index slipped 0.21 of a point to 11,083.59.

Among the active counters, Ingenuity Solutions warrants earned two sen to 9.5 sen, Ingenuity Solutions gained 1.5 sen to 17.5 sen, Eastern and Oriental fell 36 sen to RM1.54 and Managepay Systems was unchanged at 12.5 sen.

As for heavyweights, Maybank earned one sen to RM8.93, CIMB added three sen to RM7.93 and Petronas Chemicals gained one sen to RM6.61.

Meanwhile, FBM KLCI futures contracts closed higher yesterday on continued positive momentum inspite of the weaker cash market and regional markets, dealers said.

August 2012 rose up 7.50 points at 1,649, Sept 2012 improved seven points to 1,648, Dec 2012 increased 6.5 points to 1,643 and March 2012 went up six points to 1,639.50.

Turnover decreased to 2,952 lots from 3,041 lots last Friday while open interest increased to 39,241 contracts from 39,050 contracts. -Bernama