Bursa Malaysia closes higher
KUALA LUMPUR: Bursa Malaysia ended slightly higher today in cautious trading mode, supported by gains in crude oil prices and buying in blue chip stocks led by Petronas-related companies and Genting Malaysia, dealers said.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended at intraday's high of 1,774.95, edged up 6.67 points from last Friday's close of 1,768.28.
After opening 3.87 points higher at 1,772.15, the index moved between 1,768.98 and 1,774.95 throughout the day.
Market breadth was positive, with gainers led losers 542 to 420 with 374 counters unchanged, 413 untraded and 20 others suspended.
Volume increased to 4.10 billion units valued at RM2.95 billion from the 3.27 billion units valued at RM3.24 billion last Friday.
A dealer said the local bourse remained positive but in range-bound trading, tracking Asian peers in extending gains today, taking the cue from higher crude oil prices which stayed above US$50 a barrel, and the Wall Street rebound.
However, the local market remained in cautious mode, amid uncertainties over the sustainability of US President Donald Trump's market reforms, he said.
For heavyweights, TNB and Petronas Chemicals improved two sen each to RM13.80 and RM7.35, respectively, Public Bank rose 10 sen to RM20.10, while Maybank and Sime Darby were flat at RM9.35 and RN9.31, respectively.
Of the actives, Key Alliance Group added half-a-sen at 4.5 sen, AirAsia X rose two sen to 53 sen, Dagang Nexchange warrants improved one sen to 34.5 sen, while Key Alliance warrant and Netx Holdings were flat at 2.5 sen and seven sen, respectively.
The FBM Emas Index garnered 54.84 points to 12,740.72, the FBMT100 Index increased 50.18 points to 12,357.35 , the FBM Emas Shariah Index rose 63.16 points to 13,072.65 and the FBM 70 surged 76.23 points to 15,390.19, while the FBM Ace slid 2.64 points to 6,599.07.
Sector-wise, the Finance Index added 26.27 points to 16,381.59, the Plantation Index improved 5.88 points to 8,071.88, and the Industrial Index rose 32.12 points to 3,294.34.
Main Market turnover increased to 2.45 billion units worth RM2.74 billion from 2.09 billion units worth RM3.05 billion yesterday.
Volume on the ACE Market increased to 1.24 billion units valued at RM154.88 million from 760.06 million units valued at RM123.06 million.
Warrants fell to 412.03 million units valued at RM54.09 million from yesterday's 416.71 million units valued at RM61.37 million.
Consumer products accounted for 107.15 million shares traded on the Main Market, industrial products (667.08 million), construction (160.15 million), trade and services (1.01 billion), technology (106.00 million), infrastructure (8.59 million), SPAC (998,100), finance (83.60 million), hotels (4.58 million), properties (274.38 million), plantations (20.81 million), mining (8,000), REITs (9.82 million), and closed/fund (23,100).
The physical price of gold as at 5pm stood at RM168.13 per gramme, up RM0.15 from RM167.98 at 5pm last Friday. — Bernama