KL shares end marginally higher

KUALA LUMPUR: Bursa Malaysia ended marginally higher today with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rebounding 0.34 of-a-point towards the end of trading for 1,821.21.
Tenaga was the top contributor to the last hour gain in the key index, adding 22 sen to RM14.72, with 46.04 million shares changing hands.
Support for the FBM KLCI also came from other component stocks, including CIMB Group which jumped 12 sen to RM5.95, Petronas Dagangan surging 92 sen to RM19.58, and IHH Healthcare adding nine sen for RM5.57.
A dealer said the local bourse rebounded on the back of an improved risk appetite and in tandem with the upbeat overnight performance of Wall Street, which embraced a bullish tone as the Federal Reserve conveyed a bias towards delaying hike rates, but with some flexibility on economic conditions.
On the broader market, losers outpaced gainers 484 to 367 with 302 counters unchanged, 614 counters untraded and 33 others suspended. Total volume rose to 2.21 billion shares worth RM2.73 billion from 1.88 billion shares worth RM2.03 billion on Thursday.
On other scoreboards, the FBM Emas Index climbed 3.08 points higher to 12,557.38, the FBMT100 Index gained 8.23 points to 12,233.95, while the FBM Emas Shariah Index was 16.85 points easier at 13,120.63.
The FBM 70 jumped 32.23 points to 13,606.27, but the FBM Ace slipped 34.47 points to 6,634.74.
On a sectoral basis, the Finance Index surged 77.72 points to 15,989.08. But the Industrial Index eased 19.01 points to 3,322.51, and the Plantation Index trimmed 75.41 points to 8,009.67.
Of the actively-traded stocks, Nexgram added 1.5 sen to 10.5 sen, Wintoni inched up half-a-sen to 20 sen, Hubline slipped half-a-sen to 2.5 sen, Diversified Gateway eased one sen to 13 sen and Eti Tech bagged one sen to 8.5 sen.
Main Market volume rose to 1.30 billion units worth RM2.57 billion from 1.12 billion units worth RM1.88 billion on Thursday. Turnover on the ACE Market surged to 800.53 million shares valued at RM137.53 million from 688.97 million shares valued at RM135.32 million previously.
Warrants expanded to 109.60 million units worth RM17.47 million from 66.38 million units worth RM13.42 million yesterday.
Consumer products accounted for 142.13 million shares traded on the Main Market, industrial products (143.97 million), construction (94.18 million), trade and services (557.58 million), technology (140.24 million), infrastructure (18.49 million), SPAC (15.36 million), finance (52.56 million), hotels (3.08 million), properties (94.29 million), plantations (30.21 million), mining (40,000), REITs (7.79 million) and closed/fund (10,000).
The physical price of gold as at 5pm stood at RM135.08 per gramme, down 30 sen from RM135.38 at 5pm yesterday. – Bernama