KUALA LUMPUR, Dec 30 — Shares on Bursa Malaysia ended the morning session higher, with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) hitting a new intra-day high of 1,867.67 at 11.16am, up 6.61 points.
At 12.30pm, the benchmark FBM KLCI stood at 1,862, up 0.94 points amid window dressing in selected key heavyweights and blue chips, dealers said.
The previous intra-day high was recorded on December 27 at 1,862.63.
Market breath was positive as advancers led decliners 344 to 305, with 287 counters unchanged, 625 untraded and 33 suspended.
Turnover stood at 701.85 million shares worth RM505.68 million.
“We expect further upward in KLCI amid window dressing activities on Monday and Tuesday,” Hong Leong Investment Bank Research said in a note.
Nevertheless, investors should be cautious of post-window dressing blues in the first few trading days of 2014, it said.
Moving forward, the investment bank said immediate resistance is seen at the 1,870-1,880 level with support at the 1,840-1,850 level.
On the scoreboard, the Finance Index slipped 1.91 points to 16,898.99, the Industrial Index rose 30.05 points to 3,186.21 and the Plantation Index added 60.19 points to 8,941.41.
The FBM Emas Index advanced 1.12 points to 12,816.95, while the FBMT100 Index increased 0.279 point to 12,552.6.
The FBM Ace declined 2.27 points to 5,620.59 and the FBM 70 lost 23.85 points to 14,127.44.
Among actives, The Media Shoppe added half-a-sen to 7.5 sen, Xidelang-Wa rose 1.5 sen to 18 sen and Benalec increased 1.5 sen to 86.5 sen.
Of the heavyweights, Maybank slipped one sen to RM9.94, Tenaga declined 18 sen to RM11.42 and Axiata lost one sen to RM6.89. — Bernama
