Malaysia Shares End +0.9%; Profit-Taking Tipped Friday

13 Sep 2012

Malaysian shares end up 0.9% at 1628.40, with financials and property developers leading the market's advance.  "Trading is still cautious amid limited local cues and as investors await the Fed statement later," says a local dealer.  He expects investors may book profits Friday, tipping immediate support at 1620. Market breadth ends positive at 403 gainers to 290 losers, with a total volume of 1.02 billion shares.  Among gainers,  CIMB Group Holdings Bhd (1023.KU) ends up 2.4% at MYR7.58,  Hong Leong Bank Bhd (5819.KU) rises 1.8% to MYR13.26 and  UEM Land Holdings Bhd (5148.KU) adds 3.1% to MYR1.69.  Among losers, PPB Group Bhd (4065.KU) ends down 2.9% at MYR12.04,  AirAsia Bhd (5099.KU) eases 2.3% to MYR2.95 and  MMC Corp. Bhd (2194.KU) dips 1.7% to MYR2.30.