Bursa Malaysia ends higher
KUALA LUMPUR: Bursa Malaysia ended higher yesterday, lifted mainly by fund inflows from foreign institutional investors amid US stock market volatility.
Rakuten Trade Sdn Bhd’s head of research Kenny Yee said Wall Street’s volatility had shifted investors’ interest towards the “steadier” Asian markets, with Malaysia being one of their top picks.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended at 1,870.37, up 6.90 points from last Friday’s close of 1,863.47.
It opened 2.63 points weaker at 1,860.84 and moved between 1,860.25 and 1,873.39 throughout the day.
On the broader market, losers edged gainers 411 to 401, while 406 counters were unchanged, 694 untraded and 74 others suspended.
Volume stood at 1.70 billion units valued at RM1.83 billion.
“The uptrend on Bursa Malaysia today was also in tandem with the better performance on regional bourses following the shift in funds flow into the region,” Yee told Bernama.
According to the weekly fund flow report released by MIDF Amanah Invesment Bank Bhd Research yesterday, the busiest week of Wall Street’s earnings season ended weak with all three major benchmarks posting losses, mainly hampered by concerns on bond yields.
Regionally, the Singapore’s Straits Times Index was 41.76 points or 1.17 per cent higher at 3,618.97, Japan’s Nikkei rose 148.26 points or 0.66 per cent to 22,467.87 and Hong Kong’s Hang Seng jumped 527.78 points or 1.74 per cent to 30,808.45.
Among heavyweights, Maybank added two sen to RM10.78, Public Bank gained 20 sen to RM23.80, CIMB slipped five sen to RM7.20, while Tenaga and Petronas Chemicals fell two sen each to RM15.84 and RM8.45, respectively.
For actives, Borneo Oil inched up half-a-sen to nine sen, Sapura Energy retreated 3.5 sen to 64 sen while Nexgram, Sumatec and PUC were unchanged at 6.5 sen, 6.5 sen and 20 sen, respectively,
KLCC led the list of top gainers, putting on 39 sen to RM7.78 while top loser, Lotte Chemical, fell 52 sen to RM5.71.
The FBM Emas Index improved 44.96 points to 13,033.69, the FBMT 100 Index advanced 45.24 points to 12,852.17, the FBM Emas Shariah Index rose 40.34 points to 13,169.14 and the FBM 70 added 46.94 points to 15,452.99.
The FBM Ace, however, was 23.62 points lower at 5,285.52.
Sector-wise, the Finance Index surged 86.50 points to 18,362.39, the Industrial Index advanced 15.84 points to 3,226.41 while the Plantation Index lost 1.40 points to 7,975.84.
Main Market volume swelled to 973.86 million shares worth RM1.69 billion from 766.47 million shares worth RM1.70 billion last Friday.
Warrants volume shrank to 418.59 million units valued at RM91.30 million against 448.07 million units worth RM117 million previously.
Volume on the ACE Market dropped to 311.14 million shares worth RM48.65 million from 411.84 million shares worth RM56.79 million.
Consumer products accounted for 43.63 million shares traded on the Main Market, industrial products (165.82 million), construction (36.94 million), trade and services (565.57 million), technology (27.93 million), infrastructure (9.58 million), SPAC (2.58 million), finance (39.73 million), hotels (7.24 million), properties (49.34 million), plantations (17.83 million), mining (43,500), REITs (7.56 million) and closed/fund (2,000).
For further information on stocks and prices, please visit www.bursamalaysia.com.