The FTSE Bursa Malaysia KLCI (FBM KLCI) ended the week on a positive note today, driven by gains in selected heavyweight
counters, dealers said.
The FBM KLCI rose 2.22 points to close at 1,819.37 points, after moving between 1,813.9 and 1,820.38 throughout the day.
Public Bank and Petronas Gas were among the blue chip stocks that helped lift the benchmark index, in gaining two sen each to RM19.12 and RM23 respectively.
"Downbeat US economic data, which has pressured the greenback, also benefited the local bourse as it shifted investor appetite towards Asian equities," a dealer said.
Most of Bursa Malaysia's regional peers also displayed positive sentiment today, with Hong Kong's Hang Seng Index rising 88.24 points or 0.4 per cent to 22,253.77, and China's SSE Composite Index improving 17.45 points or 0.83 per cent to 2,115.85.
On the scoreboard, the Finance Index dipped 11.05 points to 16,580.33, and the Industrial Index declined 8.61 points to 3,097.91, but the Plantation Index gained 19.08 points to 8,548.63.
The FBM Emas Index was 25.16 points better at 12,584.24, the FBMT100 Index advanced 14.35 points to 12,266.13, the FBM 70 improved 13.62 points 13,811.36 and the FBM Ace jumped 74.75 points to 6,302.8.
Market breadth was positive as gainers thumped losers 525 to 273, while 313 counters were unchanged, 497 untraded and 19 others suspended.
Volume dipped to 2.37 billion shares worth RM2 billion from the 2.52 billion shares worth RM2.08 billion traded on Thursday.
Among active counters, Iris Corp and Minetech Resources rose 1.5 sen each to 50.5 sen and 30.5 sen respectively, and PDZ Holdings grew one sen to 15.5 sen, while Hubline was flat at 5.5 sen.
Of the heavyweights, Maybank improved three sen to RM9.79, TNB added 14 sen to RM12, while CIMB and Axiata were flat at RM7.09 and RM6.55 respectively.
Main Market volume advanced to 1.85 billion units worth RM1.84 billion from the 1.79 billion units worth RM1.88 billion on Thursday.
Turnover on the ACE market slipped to 481.85 million shares valued at RM160.41 million from 694.05 million shares valued at RM191.93 million yesterday.
Warrants declined to 22.62 million units worth RM2.76 million from 21.58 million units worth RM2.44 million.
Consumer products accounted for 94.72 million shares traded on the Main Market, industrial products 473.16 million, construction 54.75 million, trade and services 729.56 million, technology 115.87 million, infrastructure 29.97 million, SPAC 67.89 million, finance 35.46 million, hotels 276,400, properties
221.68 million, plantations 23.02 million, mining 32,200, REITs 6.44 million and closed/fund 20,000.-- Bernama