KUALA LUMPUR 25/07/2006 -- Share prices on Bursa Malaysia ended
broadly higher today on bargain-hunting fuelled by overnight rally on Wall
Street, dealers said.
At the close, the 100-quality stock Kuala Lumpur Composite Index (KLCI)
surged 5.71 points to 928.05 after opening 1.43 points higher at 923.77.
Dealers said gains on selected bluechips and lower liners, particularly in
plantation and construction stocks, helped the key index to stay higher
throughout the day.
Plantation stocks like IOI Corp gained 40 sen to RM16.40 and Kuala Lumpur
Kepong was up 30 sen to RM11.20.
"The rising prices of crude palm oil, which breached the RM1,500 per tonne
level after remaining stagnant at RM1,400 in the first six months of this year,
have also led to expectation of higher earnings for plantation companies by
year-end," a dealer said.
The Second Board Index increased 0.44 of a point to 89.51 points and the
Industrial Index rose 15.45 points to 1,911.86.
Of the FTSE-BM Index series, FBMEmas appreciated 46.84 points to 6,032.62
while the FBM30, which comprises the top 30 companies by full market
capitalisation, increased 53.06 points to 6,015.10.
Gainers outnumbered losers by 463 to 212 while 335 counters were unchanged
and 315 others untraded.
Volume stood at 683.182 million shares worth RM920.132 million.
Main board turnover surged to 363.55 million shares worth RM739.57 million
from 329.12 million shares valued at RM483.65 million yesterday.
Second board volume increased to 53.73 million shares valued at RM36.34
million compared with 51.99 million shares valued at RM41.23 million previously
Turnover on the Mesdaq market, advanced to 236.05 million shares worth
RM142.90 million against 168.44 million shares worth RM92.74 million on Monday.
Direct business deals, appreciated to 47.607 million shares worth RM60.038
million compared with 9.435 million shares valued at RM11.233 million
previously.
However, call warrants narrowed to 2.849 million shares worth RM1.325
million versus 8.156 million shares valued at RM2.644 million.
Among active counters, Iris Corp added 15.5 sen to 66.5 sen, Tebrau Teguh up
seven sen to 58 sen and Poly Tower Ventures increased five sen to 77.5 sen.
Heavyweights, Maybank and Tenaga both remained flat at RM10.50 and RM9.10
respectively, while Telekom gained five sen to RM9.05.
UEM World ended seven sen higher at RM1.68 while Golden Hope rose four sen
to RM4.42.
On a sectoral basis, consumer products accounted for 10.207 million shares
traded on the main board, industrial products 56.618 million, construction
24.589 million, trade/services 85.446 million, technology 3.786 million,
infrastructure 5.553 million, finance 32.612 million, hotels 7.695 million,
properties 67.565 million, plantation 34.095 million, mining 1,600 shares, REIT
196,000 shares, closed/fund 114,600 shares, ETF nil and loans 34.083 million. -

For tomorrow...SHORT KLOFF...target 900 points in near term...

For CPO market...range bound trade...between 1550 and 1600 points

Regard

Anthony Wong