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Bursa Malaysia

February 12, 2012 by · Comments Off on Bursa Malaysia 

Bursa Malaysia, Share prices are expected to rise towards the 1,600 points level next week on Bursa Malaysia boosted by strong local and better-than-expected global economic data.

Dr Nazri Khan, head of retail research, Affin Investment Bank, said the positive sentiment would also be driven by continuous optimism over Greece’s new agreement on austerity reforms, strong funds inflow on prospects of added liquidity from major central banks and rising global equity market.

“We believe the long awaited news that Greek politicians had reached a deal on austerity measures, may pave the way for the country to receive a second bail-out and avoid a disorderly default on its debt.

“In addition, we anticipate the global markets to be further supported from easy interest rate policy decisions announced by European central banks and the Bank Of England last week,” he told Bernama today.

Nazri also said the outperformance shown by emerging markets would also be an added boost to local shares over the near-term.

“Going forward, we expect the local market to extend its gains following the strong bullish breakout last week, boosted by gains in selected blue chips and strong rotational plays in lower liners,” he added.

Bursa Malaysia

October 17, 2011 by · Comments Off on Bursa Malaysia 

Bursa MalaysiaBursa Malaysia, Share prices on Bursa Malaysia opened higher in early trading today, with the FTSE Bursa Malaysia KLCI 1.187 percent increase in the purchase of support for selected heavyweights in the back of the feelings of global markets, dealers said.

Thirty minutes after opening, the benchmark index rose 17.12 points to 1459.55, led by gains in most Petronas Chemicals.

The FBM KLCI opened 9.54 points higher at 1451.97 compared to Friday’s close at 1442.43.

The index rose 115.94 points to 13,358.53 Finance, the Industrial Index gained 28.97 points to 2,661.11 and the Plantation Index added 91.37 points to 7400.6.

The FBM Emas was 111.85 points higher to 9913.38, the FBMT100 advanced 112.53 points to 9746.4, the FBM70 rose 114.88 points to 10,587.1 and the FBM Ace 35.69 points to 3914.76 encouraged.

Winners beat losers by 345 to 49, while 126 counters were unchanged, some 951 non-negotiable and 30 suspended.

The total volume was 273.438 million units worth RM184.093 million.

Industry assets were harvested Accountants Court, which rose 2.5 sen to 17 sen; Turkish Lira area: CA won half of 1.5 sen sen, Ramunia Holdings and added a 40-sensor sensors.

Among the heavyweights, Maybank sen to RM8.37 won eight, CIMB added five sen to RM7.35, Sime Darby 14 sen to RM8.69 improved and Petronas Chemicals was 15 sen to RM6.07 more.

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