Bursa Malaysia ends in positive territory
KUALA LUMPUR: Bursa Malaysia ended in a positive territory today on continued buying momentum, particularly in the industrial-production-related stocks, dealers said.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended at 1,627.28 points, 3.48 points higher from last Friday's close of 1,623.80.
After opening 2.38 points easier at 1,621.42, the index moved between 1,621.42 and 1,627.50 points throughout the day.
Losers outpaced gainers 409 to 365 with 343 counters unchanged, 599 untraded and 24 suspended.
Volume slipped to 1.38 billion shares worth RM1.38 billion from 1.39 billion shares worth RM1.51 billion last Friday.
A dealer said the stronger global oil prices had helped the related counters and boosted buying investor appetite.
"Adding to that, Russian President Vladimir Putin's statement on freezing oil output reflected the commitment in pushing the oil prices higher," he said.
Putin was quoted as saying there was a strong likelihood of the members of the Organisation of the Petroleum Exporting Countries agreeing to output freeze, thus put an end to the two years of low prices.
Among heavyweights, Maybank and Genting Malaysia both rose 10 sen each to RM7.78 and RM4.68, respectively, while Petronas Chemicals was up six sen to RM6.87 and Petronas Gas inched up 20 sen to RM21.20.
Of the actives, Perisai Petroleum rose 1.5 sen to six sen, Hibiscus Petroleum was 2.5 sen higher to 28.5 sen, APFT, Sanichi and AirAsia X were unchanged at eight sen, seven sen and 40 sen, respectively.
On the scoreboard, the FBM Emas Index rose 7.89 points to 11,467.10 and the FBMT100 Index added 5.71 points to 11,176.12.
The FBM 70 fell 58.81 points to 13,335.19 and the FBM Ace added 9.6 points to 5,014.77.
The FBM Emas Syariah Index lost 19.06 points to 12,074.16.
Sector-wise, the Industrial Index perked up 7.13 points to 3,071.30, Finance Index surged 77.42 points to 14,194.44.
The Plantation Index fell 33.09 points to 7,735.39.
Main Market turnover went up to 922.28 million units worth RM1.29 billion from 896.19 million units worth RM1.42 billion last Friday.
The ACE Market volume improved to 214.42 million shares valued at RM39.7 million from 190.25 million shares valued RM35.23 million previously.
Warrants declined to 220.81 million worth RM45.93 million from 300.33 million units worth RM55.66 million on last Friday.
Consumer products accounted for 57.20 million shares traded on the Main Market, industrial products (218.27 million), construction (64.70 million), trade and services (363.31 million), technology (36.31 million), infrastructure (4.37 million), SPAC (54.55 million), finance (28.87 million), hotels (53,000) properties (66.26 million), plantations (20.49 million), mining (nil), REITs (8.58 million), and closed/fund (100).
The physical price of gold as at 5pm stood at RM167.08 per gramme, up RM1.23 from RM165.85 at 5pm last friday. — Bernama