KUALA LUMPUR, April 9 ― Share prices on Bursa Malaysia rebounded from the recent losses to end higher today on renewed buying interests, led by consumer stocks, dealers said.

A dealer said among them were Nestle (+RM1.28 to RM67.98), BAT (+76 sen to RM60.36) and Dutch Lady Milk Industries (+50 sen to RM47.90).

At 5pm, the benchmark FTSE Bursa Malaysia KLCI was 3.44 points higher at 1,855.75.

The benchmark index moved between 1,851.41 and 1,856.03 throughout the day, after opening 0.5 of a point higher at 1,852.81.

Among volume leaders, PDZ Holdings increased one sen to 14 sen and Luster Industries added half a sen to 11 sen. GSB Group fell half-a-sen to 11.5 sen.

Of the heavyweights, Maybank dropped two sen to RM9.72 and Tenaga rose 10 sen to RM11.90. CIMB was flat at RM7.44.

Public Bank Bhd-Foreign stock was flat at RM19.82 following its plan to cease its quotation on Bursa Malaysia effective April 16 and merge with Public Bank.

Public Bank declined two sen to RM19.88.

Dealers said the market’s movements were in line with Wall Street’s overnight gains after a two-day sell-off but further gains were capped by profit- taking.

Hong Leong Investment Bank Research expected the market would continue its healthy consolidation in the near term to neutralise the overbought position.

“With strong domestic liquidity, the local bourse is still in an uptrend bias over the mid-term,” it said in a research note.

The Industrial Index rose 17.75 points to 3,196.56, Plantation Index added 8.909 points to 8,943.56 and the Finance Index increased 13 points to 16,895.8.

    The FBM Emas Index increased 32.26 points to 12,857.33, FBMT100 Index rose 27.53 points to 12,504.71, FBM 70 advanced 47.77 points to 14,053.8 and the FBM Ace added 15.31 points to 6,793.37. 

The market breadth was positive, with gainers outnumbering losers by 462 to 336, while 351 counters were unchanged, 460 untraded and 15 others suspended.

Turnover rose to 2.22 billion shares valued at RM2.38 billion from yesterday’s 1.89 billion shares valued at RM2.09 billion.

The Main market volume rose to 1.82 billion units valued at RM2.26 billion from 1.42 billion units valued at RM1.94 billion on Tuesday.

Turnover on the ACE market declined to 356.15 million shares worth RM105.82 million from yesterday’s 429.26 million shares worth RM127.48 million.

Warrants declined to 35.58 million units valued at RM7.22 million from 38.9 million units valued at RM8.12 million.

Consumer products accounted for 123.65 million shares traded on the Main Market, industrial products 446.91 million, construction 74.41 million, trade and services 620.88 million, technology 102.66 million, infrastructure 13.78 million, SPAC 16.21 million, finance 105.95 million, hotels 1.33 million, properties 285.71 million, plantations 21.88 million, mining 611,900, REITs 8.54 million and closed/fund 21,900 ― Bernama