KL shares end higher on bargain hunting

KUALA LUMPUR: Shares on Bursa Malaysia closed on a firm note today as bargain-hunters triumphed over profit-takers.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended at 1,830.78 points at the close, up 8.95 points, after hovering between 1,825.3 points and 1,832.85 points throughout the day.
Gainers edged losers 416 to 411 while 350 counters were unchanged, 611 untraded and 24 others were suspended.
Total volume rose to 2.15 billion units worth RM2.45 billion from yesterday's 1.92 billion units worth RM1.7 billion.
A dealer said the local market's underlying upswing was still intact as the key index managed to settle above its multi-month resistance level of 1,814 points.
Heavyweight Maybank added 6.0 sen to RM9.33, while Tenaga gained 4.0 sen to RM14.36, Public Bank improved 12 sen to RM18.88 but Axiata fell 1.0 sen to RM7.08.
Nova MSC, which topped the most active counters, saw its shares traded 1.0 sen higher at 17.5 sen followed by Privasia, which shed 1.0 sen to 39 sen.
On the scoreboard, the FBM Emas Index gained 60.3 points to 12,563.38, the FBMT100 Index increased 63.21 points to 12,259.97 and the FBM Ace jumped 56.49 points to 7,120.16.
The FBM Emas Syariah Index went up 46.63 points to 13,122.15 and the FBM 70 increased 82.18 points to 13,488.63.
On a sectoral basis, the Industrial Index added 14.87 points to 3,354.96, the Plantation Index gained 58.35 points to 7,801.98 and the Finance Index surged 106.42 points to 16,234.77.
Main Market volume increased to 1.2 billion shares worth RM2.24 billion from Monday's 978.79 million shares worth RM1.5 billion.
Turnover on the ACE Market rose to 866.54 million shares worth RM195.09 million from 854.13 million shares worth RM190.9 million previously.
Warrants contracted to 86.57 million units worth RM16.44 million from 87.6 million units worth RM16.54 million recorded yesterday.
Consumer products accounted for 159.75 million shares traded on the Main Market, industrial products (248.41 million), construction (56.6 million), trade and services (437.7 million), technology (78.6 million), infrastructure (21.81 million), SPAC (16.8 million), finance (48.29 million), hotels (12.01 million), properties (85.02 million), plantations (29.43 million), mining (17,000), REITs (6.39 million) and closed/fund (132,000).
The physical price of gold as at 5pm stood at RM135.91 per gramme, down RM1.35 from RM137.26 at 5pm yesterday. – Bernama