FBM KLCI ends at record high of 1,776.73

KUALA LUMPUR: The FTSE Bursa Malaysia Kuala Lumpur Composite Index ( FBM KLCI) ended yesterday on a record high of 1,776.73, up 24.71 points or 1.41 per cent from Monday’s close of 1,752.02.

The market was bolstered by brisk buying across the board and favourable regional markets sentiment, dealers said.

The key index hovered between 1,756.95 and 1,776.73 throughout the trading day with gainers trashing losers 717 to 153, with 224 unchanged and 513 untraded including 27 which were suspended.

Volume soared to 2.3 million shares, worth RM4.06 million, up from Monday’s 1.911 billion shares worth RM4.99 billion.

He said heavyweights made up the top three list of actives with CIMB, UEM Land and Maybank garnering 30 sen each to RM8.65, RM3.28 and RM10.28, respectively.

Meanwhile, the Southeast Asian bourse rose for the second consecutive day as favourable news from Europe and Australia lifted market sentiment.

“The Reserve Bank of Australia cut its benchmark interest rate and the European Central Bank said it was ready to lower borrowing costs,” the dealer said.

On the scoreboard, the Finance Index surged 376.25 points to 16,858.86, the Plantation Index jumped 69.35 points to 8,199.21 and the Industrial Index gained 19.22 points to 2,917.66.

The FBM Emas Index advanced 194.36 points to 12,174.36 and the FBMT100 chalked up 185.92 points to 12,001.87.

The FBM Mid 70 Index soared 287.94 points to 13,610.99 and the FBM Ace Index increased 43.61 points to 4,107.24. Among actives, Malaysia Airlines lost three sen to 37.5 sen, TH Heavy Engineering added seven sen to 53.5 sen while Patimas Computers was unchanged at 4.5 sen.

Axiata perked 23 sen to RM7, Sime Darby lost three sen to RM9.40 and Petronas Chemicals was down two sen at RM6.58.

Volume on the Main Market rose to 2.15 billion shares, worth RM4.02 billion, from yesterday’s 1.71 billion shares worth RM4.95 billion.

Turnover on the ACE market decreased to 91.02 million shares, valued at RM16.68 million, from Monday’s 111.9 million shares valued at RM19.91 million.

Warrants fell to 62.43 million units, worth RM9.38 million, from 87.52 million units worth RM105.92 million, registered on Monday.

Consumer products accounted for 70.05 million shares on the Main Market, industrial products 158.15 million, construction 183.99 million, trade and services 1.17 billion, technology 91.29 million, infrastructure 22.41 million, SPAC 24.73 million, finance 157.11 million, hotels 830,500, properties 226.99 million, plantations 16.57 million, mining 5,000, REITs 22.96 million and closed/fund 185,800. — Bernama