Bursa Malaysia closes higher in line with regional peers

following a fall in US crude inventories, coupled with the possibility of an extension to the Organisation of Petroleum Exporting Countries-led production cut, also lent support.

“A strong Wall Street, which recorded a sharp gains on Dow Jones overnight, had a spill over impact on Asian equities,” he said.

Among heavyweights, TNB lost two sen to RM14.86 while Maybank was flat at RM9.21.

Public Bank added four sen to RM20.36, Sime Darby gained two sen to RM8.99 and Petronas Chemicals perked seven sen to RM7.30. Of actives, CSL lost one sen to 3.5 sen while Trive Property was flat at seven sen.

PUC and Berjaya Corp added one sen each to 21.5 sen and 41 sen, respectively, and Palette Multimedia chalked up 5.5 sen to 37 sen.

On the scoreboard, the FBM Emas Index rose 62.021 points to 12,426.9, the FBMT 100 Index increased 57.09 points to 12,082.07 and the FBM Ace went up 90.59 points to 6,427.18.

Sector-wise, the Finance Index garnered 55.649 points to 15,993.38, the Plantation Index edged up 36.65 points to 7,955.96 but the Industrial Index was 21.62 points better at 3,139.02.

The Main Market volume eased to 1.44 billion units, worth RM2.46 billion, from Monday’s 1.52 billion units valued at RM2.23 billion.

Volume on the ACE Market expanded to 544.78 million shares, worth RM115.68 million, from Tuesday’s 512.22 million shares valued at RM107.85 million.

Warrants volume increased to 238.24 million, worth RM29.97 million, from 228.39 million, worth RM27.78 million, traded previously.

Consumer products accounted for 116.81 million shares traded on the Main Market, industrial products (259.84 million), construction (62.31 million), trade and services (600.31 million), technology ( 242.97 million), infrastructure ( 9.06 million), SPAC (363,200), finance (46.97 million), hotels (338,300), properties (87.03 million), plantations (15.71 million), mining (2,000), REITs (5.22 million), and closed/fund (20,000).

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