Malaysia Market Watch 15th August 2012

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SHARE prices on Bursa Malaysia closed higher yesterday as the market moved into positive territory in late afternoon trading in tandem with advances in regional markets, dealers said.

The benchmark FTSE Bursa MalaysiaKLCI (FBM KLCI) advanced 6.58 points to a new-all-time-high of 1,652.90.

Dealers said market sentiment was boosted by expectations of stimulus measures by central banks globally to boost economic growth.

The Finance Index surged 27.67 points to 14,816.79, the Industrial Index surged 28.34 points to 2,917.96 and the Plantation Index rose 2.29 points to 8,731.01.

Advancers outnumbered decliners 362 to 349, while 325 counters were unchanged, 594 others untraded and 24 suspended.

Turnvover increased to 1.015 billion shares worth RM1.255 billion from 982.567 million shares worth RM1.226 billion.

Among actives, Permaju Industries rose four sen to 58 sen, Ingenuity Solutions warrants gained half a sen to 10 sen. However, Naim Indah slipped one sen to 32 sen and Ingenuity Solutions gained 1.5 sen to 19 sen.

Among heavyweights, Maybank rose two sen to RM8.95, CIMB rose two sen to RM7.95, while Sime Darby was flat at RM9.80 and Petronas Chemicals rose one sen to RM6.62.

Meanwhile, FBM KLCI futures contracts on Bursa Malaysia Derivatives closed higher in line with the steadier cash market, dealers said.

August 2012 rose 2.50 points to 1,651.50, September 2012 increased 3.50 points to 1,651.50, December 2012 gained three points to 1,646 and March 2013 rose 2.50 points to 1,642.

Turnover decreased to 2,842 lots from the 2,952 lots, while open interest declines to 38,877 contracts from 39,241 contracts previously. Bernama