Share Market Mixed In Early Trade
Bernama
28 April 2005

KUALA LUMPUR, April 29 (Bernama) -- Share prices on Bursa Malaysia opened mixed in thin trade Friday with weak sentiment on the broader market, dealers said.

They said that players remained cautious as sentiment continued to be weak in the absence of encouraging leads.

Dealers said the key index was slightly up, supported by buying interest in selected bluechips and it remained steady.

At 9.05am, the benchmark Composite Index (CI) rose 0.94 of a point to 874.79 after opening 0.12 of a point lower to 873.73 while the Second Board Index shed 0.13 of a point to 97.53.

The all Main Board Emas Index declined 0.01 of a point to 203.93 and the Industrial Index was 4.20 points down at 1938.87.

Losers led gainers by 55 to 45, with 76 counters unchanged, 1,128 untraded and 37 suspended.

The volume stood at 8.593 million shares worth RM12.390 million.

In the actives list, Ramunia Holdings increased one sen to 73.5 sen in line with its aim to increase 50 percent of its order book from the current RM260 million by end of this year.

Other actives included Gadang which declined two sen to RM1.62 and Welli Multi Corporation which gained two sen to RM1.97.

Among heavyweights, Telekom Malaysia rose 10 sen to RM9.60 after announcing the appointments of several key positions following the reorganisation and realignment of divisions and functions undertaken at its corporate centre.

Maybank and Tenaga Nasional added 10 sen each to RM11.60 and RM10.60 respectively while Genting remained unchanged at RM10.60.