Bursa Malaysia closes higher on gains in heavyweights

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KUALA LUMPUR: Bursa Malaysia closed higher yesterday on gains in most heavyweights as the overnight rally on Wall Street lifted market sentiment.

At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) finished 6.67 points higher at 1,740.6 compared to Monday’s close of 1,733.93.

The key index, which opened 1.62 points better at 1,735.55, moved between 1,735.31 and 1,741.51 throughout the day.

Among heavyweights, Maybank and TNB rose 20 sen each to RM9.04 and RM13.72, respectively, Petronas Chemicals added one sen to RM7.60, while Public Bank and Sime Darby were both flat at RM19.92 and RM9.28.

For actives, SKH Consortium added 1.5 sen to 17 sen, Anzo Holdings gained six sen to 42 sen and Key Alliance was half-a-sen better at nine sen.

Consumer stocks were among the top gainers yesterday, with Panasonic Manufacturing surging 60 sen to RM33.80, Nestle rose 54 sen to RM81.30 and British American Tobacco rose 42 sen to RM47.42.

Top losers, on the other hand, were Shangri-La Hotels, which was down 16 sen to RM5.08, UEM Edgenta and Mesiniaga declined eight sen each RM3.18 and RM1.09, respectively.

Overall market breadth was positive with gainers thumping losers 553 to 329, while 393 counters were unchanged, 475 untraded and 16 others suspended.

Volume declined to 2.78 billion units valued at RM2.45 billion from 2.89 billion units valued at RM1.78 billion recorded previously.

The FBM Emas Index rose 66.64 points to 12,401.24, the FBMT100 Index improved 64.04 points to 12,036.59 and the FBM 70 chalked up 145.53 points to 14,686.09.

The FBM Ace advanced 67.53 points to 6,117.54 and the FBM Emas Shariah Index increased 72.88 points to 12,854.88.

Sector-wise, the Finance Index was 38.89 points better at 15,690.22, the Plantation Index perked 44.74 points to 7,970.89 and the Industrial Index inched up 12.11 points to 3,249.86.

Main Market turnover declined to 1.92 billion units valued at RM2.3 billion from 2.09 billion units valued at RM1.67 billion.

Volume on the ACE Market increased to 699.17 million shares valued at RM120.15 million from 660.85 million shares valued at RM95.73 million.

Warrants rose to 159.37 million units worth RM23.21 million from 106.3 million units worth RM11.57 million.

Consumer products accounted for 86.18 million shares traded on the Main Market, industrial products (494.64 million), construction (125.33 million), trade and services (585.34 million), technology (138.41 million), infrastructure (15.11 million), SPAC (4.2 million), finance (66.18 million), hotels (2.94 million), properties (369.34 million), plantations (32.89 million), mining (nil), REITs (6.52 million) and closed/fund (1,500).  — Bernama

 

For further information on stocks and prices, please visit www.bursamalaysia.com.