KUALA LUMPUR, Dec 10 — Shares on Bursa Malaysia traded mixed in early trading today with demand yet to pick-up, dealers said.
The FTSE Bursa Malaysia KLCI (FBM KLCI) fell 2.14 points to 1,839.73 at 9.05am after opening 4.07 points lower at 1,837.8.
Gainers outnumbered losers 79 to 53, with 128 counters unchanged, 1,302 untraded and 19 others suspended.
Turnover stood at 49.439 million shares worth RM22.776 million.
HwangDBS Vickers Research said the benchmark FBM KLCI could continue the momentum in its uptrend today to break another record level, given the positive tone of global markets.
It said Wall Street’s major equity indices edged up by between 0.03-0.18 per cent yesterday, due to positive data from around the world, including the strong US November non-farm payroll report and better-than-expected Chinese foreign trade.
On the local corporate scene, stocks that can capture interest includes Sona Petroleum, following an announcement that the company is exploring several possible acquisition targets.
Among others are Puncak Niaga, Kumpulan Perangsang Selangor and Gamuda, which may see new developments on the water asset takeover by the Selangor state government.
Local media reported that Puncak Niaga is planning to seek international arbitration on the issue.
On the scoreboard, the Finance Index dropped 2.14 points to 16,857.73, while the Industrial Index gained 0.5 of a point to 3,127 and the Plantation Index surged 11.65 points to 9,069.65.
The FBM Emas Index fell 8.43 points to 12,714.04, the FBMT100 Index declined 9.33 points to 12,446.61.
The FBM Ace added 5.3 points to 5,609.13 and the FBM 70 advanced 10.6 points to 14,186.93.
Among actives, Sumatec rose half-a-sen to 29 sen, Sumatec-WB added one sen to 23.5 sen, while XOX was flat at 12 sen.
As for the heavyweights, Maybank declined one sen to RM9.94, Tenaga Nasional fell four sen to RM10.98 and CIMB slipped three sen to RM7.67. — Bernama
