KUALA LUMPUR, Dec 10 — Bursa Malaysia ended on a firm note today on technical rebound after a quiet trading for the past two days, dealers said.

At 5pm the benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) surged 27.42 points to 1,765.52, or 1.578 per cent, after opening 5.34 points lower at 1,732.76.

Among the stocks that gave the bourse a boost were Axiata, which rose 30 sen to RM6.92, Sime Darby, which increased 40 sen to RM9.60 and Maxis which surged 26 sen to RM6.88.

The three stocks contributed 12.174 points to the index.

A dealer said the uptrend would likely be temporary as investors were still trading cautiously.

“The trend is still choppy,” he said, adding that the uptrend might be influenced by the firmer ringgit,” he said.

Meanwhile, the regional peers were traded positively.

Hong Kong’s Hang Seng rose 38.69 points to 23,524.52 and Indonesia’s Jakarta Composite was 43.10 points better at 5,165.41.

Japan’s Nikkei 225, however, declined 400.80 points to 17,412.58.

On the local scoreboard, the FBM Emas Index increased 147.94 points to 12,102.14, FBMT100 Index advanced 147.58 points to 11,832.72, FBM 70 gained 22.09 points to 13,054.21, FBM Ace expanded 111.25 points to 5,838.02 and the FBM Emas Syariah Index garnered 214.20 points to 12,556.00.    

On a sectoral basis, the Industrial Index rose 79.22 points to 3,226.54, Plantation Index gained 88.59 points to 7,950.18 and the Finance Index surged 81.13 points to 15,616.84.

Gainers trounced losers by 502 to 281, while 301 counters were unchanged, 630 untraded and 11 others suspended.

Total volume slipped to 1.21 billion units worth RM1.61 billion from 1.44 billion units worth RM1.70 billion yesterday.

Of the heavyweights, Maybank added three sen to RM8.90, TNB rose 16 sen to RM14 and Public Bank was 22 sen higher at RM18.32.

Topping the most actives list were SapuraKencana, which fell three sen to RM2.42, Jobstreet gained two sen to 29 sen while both Sumatec and Tiger Synergy were flat at 21 sen and 13.5 sen, respectively.

Main Market volume fell to 804.09 million units worth RM1.48 billion from 931.176 million units worth RM1.55 billion yesterday.

Turnover on the ACE Market eased to 247.39 million shares valued at RM52.43 million against 322.70 million shares valued at RM68.22 million yesterday.

Warrants declined to 158.91 million units worth RM71.82 million versus 186.97 million units worth RM77.82 million previously.

Consumer products accounted for 48.97 million shares traded on the Main Market, industrial products (99.40 million), construction (35.56 million), trade and services (391.13 million), technology (34.62 million), infrastructure (15.44 million), SPAC (33.15 million), finance (51.87 million), hotels (461,600), properties (75.86 million), plantations (7.51 million), mining (7,000), REITs (10.11 million) and closed/fund (13,500). — Bernama