Bursa Malaysia ends the week higher
KUALA LUMPUR: Bursa Malaysia finished slightly higher yesterday, lifted by the late buying interests in selected heavyweight stocks and tracking the regional bourses’ performances, dealers said.
At the close, the key FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.32 points higher at 1,755.32, after moving between 1,751.62 and 1,756.17 throughout the day.
It opened two points higher at 1,756.00 from Thursday’s close of 1,754.00.
On the broader market, gainers outpaced losers by 452 to 396 with 417 counters unchanged, 595 untraded and 35 others suspended.
Volume decreased to 3.22 billion units worth RM1.99 billion from 4.33 billion units valued at RM2.39 billion on Thursday.
A dealer said Asian stock markets were broadly higher as investors pinned hopes on the regional economies and earnings prospects taking the cue from strong trade data from China and confidence from upbeat global investor sentiment.
“The economic data from China showed that import and export growth accelerated in September, suggesting the world’s second-biggest economy is still expanding at a healthy pace despite widespread forecasts of an eventual slowdown,” he said.
Regionally, Japan’s Nikkei 225 rose 0.96 per cent to 21,155.18, Hong Kong’s Hang Seng was up 0.06 per cent to 28,476.43, South Korea’s Kospi fell 0.05 per cent to 2,473.62, Singapore Straits Times Index gained 0.58 per cent to 3,322.33, while the Shanghai Stock Exchange Index was up 0.13 per cent to 3,390.52.
Of the heavyweights, Maybank eased two sen to RM9.51, Public Bank fell six sen to RM20.50, TNB rose eight sen to RM14.20 while Sime Darby and Petronas Chemicals added one sen each to RM9.05 and RM7.34 respectively.
Among active counters, Prinsiptek Corp and Hibiscus Petroleum improved two sen each to 17.5 sen and 74 sen respectively, Sumatec Resources and MNC Wireless eased half-asen each to five sen and ten sen while NetX Holding was flat at six sen.
The FBM Emas Index gained 13.18 points to 12,579.69, FBM Emas Shariah Index rose 26.93 points to 12,877.18, FBM 70 surged 32.89 points to 15,242.8 and the FBMT 100 Index was up by 13.51 points to 12,225.22.
The FBM Ace fell 12.63 points to 6,922.74.
Sector-wise, the Plantation Index bagged 22.41 points to 7,966.78, Industrial Index added 2.98 points to 3,215.62 and the Finance Index was 11.50 points higher at 16,520.62.
The Main Market volume declined to 1.79 billion units worth RM1.76 billion compared with 2.74 billion units worth RM2.18 billion on Thursday.
Volume on the ACE Market decreased to 1.29 billion shares valued at RM216.55 million from 1.45 billion shares valued at RM194.51 million previously.
Warrants volume was higher at 127.60 million units worth RM13.07 million from 124.87 million units worth RM15.10 million on Thursday.
Consumer products accounted for 57.17 million shares traded on the Main Market, industrial products (440.61 million), construction (195.60 million), trade and services (704.20 million), technology (191.32 million), infrastructure (7.71 million), SPAC (545,400), finance (41.82 million), hotels (940,800), properties (119.01 million), plantations (22.79 million), mining (16,000), REITs (4.08 million), and closed/fund (nil).