KUALA LUMPUR, Dec 9 — Share prices on Bursa Malaysia closed on a bullish note today, with the FTSE Bursa Malaysia KLCI (FBM KLCI) closing at a new high of 1,841.87, boosted by “window-dressing” activities by local funds.

The FBM KLCI also recorded a new intra-day high of 1,843.62 at 4.41pm.

The benchmark index moved between 1,826.93 and 1,843.62 points before ending 14.92 points higher, prompted by gains in heavyweight counters.

Gainers edged losers 457 to 294, with 320 counters unchanged, 486 untraded and 19 others suspended.

Volume transacted rose to 1.144 billion shares worth RM1.455 billion, from 1.03 billion shares worth RM1.61 billion transacted on Friday.

Regional Chartist at Maybank Investment Bank Lee Cheng Hooi said the strong gains in the local bourse were also in tandem with its regional peers which were mostly influenced by Wall Street’s good overnight performance.

“There is no other local factor that can boost the FBM KLCI’s strong performance today besides “window-dressing” activities by local funds.

“We expect this trend to continue at least until the middle of this month,” he told Bernama.

On the scoreboard, the Industrial Index gained 29.13 points to 3,126.5, the Plantation Index garnered 59.4 points to 9,058 and the Finance Index perked 116.949 points to 16,872.78. 

The FBM Emas Index rose 95.54 points to 12,722.47, the FBMT100 Index increased 93.811 points to 12,455.94, the FBM Ace added 50.53 points to 5,603.83 and the FBM 70 improved 77.62 points to 14,176.33.

Among actives, Sanichi Technology and Tiger Synergy rose half-as-sen each to 10.5 sen and 21.5 sen respectively, while Tiger Synergy-OR lost half-a-sen to 2.5 sen.

Of the heavyweights, Maybank perked 12 sen to RM9.95, Tenaga Nasional rose two sen to RM11.02 and CIMB added three sen to RM7.70.

Volume on the Main Market improved to 831.538 million units valued at RM1.387 billion, from 761.17 million units valued at RM1.55 billion recorded last Friday.

Turnover on the ACE market rose to 277.861 million shares worth RM59.76 million, from 247.44 million shares worth RM56.73 million transacted previously.

Warrants increased to 28.345 million units valued at RM3.82 million, from 23.95 million units valued at RM2.97 million registered last Friday.

Consumer products accounted for 43.848 million shares on the Main Market, industrial products 98.863 million, construction 33.378 million, trade and services 256.235 million, technology 56.424 million, infrastructure 21.093 million, SPAC 103.105 million, finance 33.56 million, hotels 553,300, properties 154.414 million, plantations 24.439 million, mining 23,200, REITs 5.535 million and closed/fund 63,000. — Bernama