Money
Share prices firmer at mid-morning
Malay Mail

KUALA LUMPUR, Nov 14 — Share prices on Bursa Malaysia were firmer at mid-morning today on a technical rebound following the recent slide, dealers said.     

At 11am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.92 points to 1,785.41.

HwangDBS Vickers Research said after slipping by 21.7 points or 1.2 per cent over the past two days, the benchmark index is poised to stage a recovery, probably attempting to overcome the support-turned-resistance level of 1,785 first.

The research house said investor sentiment may also be boosted by an overnight rise on Wall Street, where key US equity barometers jumped between 0.5 per cent and 1.2 per cent to new highs, driven by optimism that the quantitative easing policy by the Federal Reserve would continue.

On the scoreboard, the Finance Index improved 43.9 points to 16,553.711, and the Plantation Index added 26.82 points to 8,603.49, while the Industrial Index firmed 3.57 points to 3,064.52.

The FBM Emas Index appreciated 24.37 points to 12,444.95, the FBMT100 Index edged up 21.920 points to 12,169.01, the FBM Ace was 26.20 points higher at 5,771.57 and the FBM 70 climbed 33.82 points to 14,241.79.

Among actives, KNM Group gained 3.5 sen for 50 sen, AT systemisation inched up one sen to 13 sen, and Solution Engineering appreciated 1.5 sen to sen.

As for the heavyweights, Maybank rose four sen to RM9.77, CIMB climbed two sen to RM7.49 and Axiata slipped two sen to RM6.83. — Bernama

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