KUALA LUMPUR, April 7 — Bursa Malaysia snapped a three-day losing streak to end the week marginally higher today, with the main index inching up 0.15 per cent on bargain hunting, a dealer said.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.15 points to 1,427.04 from yesterday's closing of 1,424.89.
The barometer index opened 0.03 of a point lower at 1,424.86 and traded sideways during the morning session but was lifted up towards the end of trading hours. It moved between 1,421.62 and 1,427.08 during the day.
Market breadth was positive as gainers beat decliners 437 to 367, while 363 counters were unchanged, 1,049 untraded and 13 others suspended.
Turnover narrowed to 2.33 billion units worth RM 1.39 billion versus 2.50 billion units worth RM1.54 billion on Thursday.
Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said FBM KLCI’s rise was in tandem with the positive regional performance following Wall Street’s advance overnight.
"Key regional indices trended mostly higher as investors took the opportunity to bargain hunt stocks at lower levels following yesterday's selldown," he told Bernama.
Among the heavyweight counters, Maybank gained one sen to RM8.66, Public Bank fell two sen to RM3.99 and Petronas Chemicals jumped 25 sen, or 3.45 per cent, to RM7.40.
CIMB lost 10 sen to RM5.16 and TNB trimmed two sen to RM9.23.
As for the actives, Top Glove edged up five sen to RM1.07, Sunsuria rose 2.5 sen to 64 sen and Careplus increased 1.5 sen to 35.5 sen.
Techna-X gained half-a-sen to two sen while Computer Forms eased 1.5 sen to 22.5 sen.
On the index board, the FBM Emas Index rose 23.30 points to 10,478.44, the FBMT 100 Index gained 20.49 points to 10,161.04 and the FBM Emas Shariah Index added 59.98 points to 10,822.66.
The FBM 70 Index went up 49.09 points to 13,638.74 while the FBM ACE Index was 1.53 points lower at 5,326.68.
Sector-wise, the Financial Services Index dipped 44.68 points to 15,701.27, the Industrial Products and Services Index inched up 1.67 points to 174.75 and the Energy Index added 1.86 points to 863.51.
The Plantation Index advanced 8.07 points to 6,731.67.
The Main Market volume slipped to 1.74 billion units worth RM1.23 billion from 1.78 billion units worth RM1.34 billion on Thursday.
Warrant turnover narrowed to 133.69 million units worth RM11.30 million against 259.45 million units worth RM48.86 million previously.
The ACE Market volume eased to 460.49 million shares worth RM142.29 million versus 463.04 million shares worth RM147.98 million yesterday.
Consumer products and services counters accounted for 241.69 million shares traded on the Main Market, industrial products and services (452.55 million); construction (90.92 million); technology (113.16 million); SPAC (nil), financial services (40.90 million); property (297.82 million); plantation (20.76 million); REITs (2.78 million), closed/fund (13,100); energy (155.35 million); healthcare (245.62 million); telecommunications and media (34.04 million); transportation and logistics (16.87 million); and utilities (31.75 million). — Bernama
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