Bursa Malaysia ends at in­tra­day high on pos­i­tive sen­ti­ment

The Borneo Post (Sabah) - - BUSINESS -

KUALA LUMPUR: Bursa Malaysia fin­ished broadly higher yes­ter­day with the bench­mark in­dex clos­ing at its in­tra­day high of 1,687.13, buoyed by pos­i­tive mar­ket sen­ti­ment amid ris­ing oil prices, deal­ers said.

At 5pm, the bench­mark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 14.50 points from Mon­day’s close of 1,672.63 af­ter hit­ting a low of 1,675.05 in the early morn­ing.

The mar­ket barom­e­ter, which opened 2.42 points bet­ter at 1,675.05, con­tin­ued to move in the pos­i­tive ter­ri­tory through­out the day on per­sis­tent buy­ing in heavy­weights led by Maxis.

Con­tribut­ing 1.81 points to the com­pos­ite in­dex, Maxis rose 13 sen to RM5.40 with 3.54 mil­lion shares chang­ing hands.

In line with the ris­ing oil prices, Petronas Gas chalked up 48 sen to RM17.66, Petronas Chem­i­cals gained three sen to RM8.54, Petronas Da­gan­gan added two sen to RM24.94, while MISC perked 15 sen to RM6.06.

A dealer said sen­ti­ment in the mar­ket was pos­i­tive with in­vestors tak­ing cue from the firm Wall Street clos­ing overnight on hopes for up­beat cor­po­rate earn­ings.

He said the eas­ing wor­ries over the trade war had also helped to lift risk ap­petite glob­ally, in­clud­ing the emerg­ing mar­kets.

Back home, ad­vancers trounced de­clin­ers 455 to 341, with 421 coun­ters un­changed, 651 un­traded and 19 oth­ers sus­pended.

Vol­ume slipped to 1.99 bil­lion units val­ued at RM2.24 bil­lion, from 2.01 bil­lion units worth RM2.04 bil­lion recorded on Mon­day.

Of the other heavy­weights, May­bank rose six sen to RM9.14, Te­naga gar­nered 12 sen to RM14.42, and CIMB in­creased five sen to RM5.35.

Public Bank, how­ever, was flat at RM22.54.

Top Glove, which was bat­tered on Mon­day, re­bounded strongly yes­ter­day and emerged the most ac­tively traded stock.

The counter rose 77 sen to RM9.90 with 49.41 mil­lion shares trans­acted.

Among other ac­tives, Sa­pura En­ergy shed one sen to 60.5 sen, while both Bor­neo Oil and Barakah Off­shore were flat at six sen and 14.5 sen re­spec­tively.

The FBM Emas In­dex surged 109.97 points to 11,908.18, the FBM70 climbed 188.79 points to 14,511.91 and the FBMT100 In­dex ad­vanced 113.56 points to 11,712.02.

The FBM Emas Shariah In­dex soared 128.1 points to 12,056.52 and the FBM Ace In­dex edged up 63 points to 5,295.61.

Sec­tor-wise, the Fi­nance In­dex im­proved 88.61 points to 16,521.46, the In­dus­trial In­dex perked 50.22 points to 3,150.62 and the Plan­ta­tion In­dex in­creased 59.79 points to 7,512.3.

Main Mar­ket vol­ume re­duced slightly to 1.02 bil­lion shares val­ued at RM1.97 bil­lion, from 1.14 bil­lion shares worth RM1.83 bil­lion on Mon­day.

War­rants turnover in­creased to 673.61 mil­lion units val­ued at RM199.73 mil­lion, from 619.52 mil­lion units worth RM167.48 mil­lion.

Vol­ume on the ACE Mar­ket im­proved to 294.14 mil­lion shares val­ued at RM61.59 mil­lion, from 250.03 mil­lion shares worth RM48.93 mil­lion pre­vi­ously.

Con­sumer prod­ucts ac­counted for 99.51 mil­lion shares traded on the Main Mar­ket, in­dus­trial prod­ucts (699.06 mil­lion), con­struc­tion (50.00 mil­lion), trade and ser­vices (556.09 mil­lion), tech­nol­ogy (58.73 mil­lion), in­fra­struc­ture (48.09 mil­lion), SPAC (1.18 mil­lion), fi­nance (338.32 mil­lion), ho­tels (1.76 mil­lion), prop­er­ties (35.43 mil­lion), plan­ta­tions (78.44 mil­lion), min­ing (55,480), REITs (7.54 mil­lion) and closed/fund (26,846).

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

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