KUALA LUMPUR, June 3 — The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) on Bursa Malaysia rebounded from yesterday’s losses to close higher today, boosted by bargain hunting, a dealer said.
The key index rose by 8.3 points to finish at 1,872.98 after fluctuating between 1,866.37 and 1,872.55 throughout the day.
The FBM KLCI was in positive territory in all sessions, thanks to gains in blue chips, selected heavyweights and plantation-related stocks, with IOI Corp and Axiata the biggest contributors to the rise. IOI Corp rose 22 sen to RM5.19 while Axiata gained 10 sen to RM6.90.
JF Apex Securities head of research Lee Chung Cheng said bargain hunters were out in force as the index retreated since early last week due to window dressing activity.
He told Bernama the positive sentiments in other regional bourses, following the release of a second survey of China’s factories that showed manufacturing contraction eased in May, helped lift the local bourse.
The survey’s outcome signalled that the slowdown in the world’s second-largest economy was stabilising, a dealer said.
On the scoreboard, the Plantation Index soared 134.77 points to 9,218.76, Finance Index rose 34.15 points to 17,272.22, and the Industrial Index added 0.76 of a point to 3,157.91.
The FBM Emas Index was 65.44 points higher at 12,963.64, the FBMT100 Index chalked up 66.07 points to 12,612.16, the FBM 70 surged 114.22 points to 14,152.43 and the Ace Index gained 7.6 points to 6,571.61.
Gainers edged losers 395 to 369, with 338 counters unchanged, 503 untraded and 17 others suspended. Volume slipped to 1.19 billion shares worth RM1.97 billion from 1.33 billion shares worth RM1.95 billion transacted yesterday.
Of the heavyweights, Maybank rose three sen to RM9.87, TNB increased six sen to RM12.12, CIMB gained two sen to RM7.24, while Public Bank fell eight sen to RM21.06.
Among the actives, ETI Tech inched up half-a-sen to 11 sen, Benalec rose four sen to RM1.18, while both YTL Corp and MAS were flat at RM1.63 and 17.5 sen respectively.
Main Market volume slipped to 1.02 billion units worth RM1.92 billion from 1.12 billion units worth RM1.91 billion registered yesterday.
Turnover on the ACE market declined to 133.53 million shares valued at RM38.96 million from yesterday’s 165.52 million shares valued at RM40.01 million.
Warrants fell to 37.49 million units worth RM5.14 million from 38.02 million units worth RM6.03 million yesterday.
Consumer products accounted for 53.02 million shares traded on the Main Market, industrial products 172.25 million, construction 82.72 million, trade and services 419.19 million, technology 64.44 million, infrastructure 35.17 million, SPAC 34.37 million, finance 54.49 million, hotels 3.46 million, properties 74.68 million, plantations 19.32 million, mining 38,200, REITs 6.62 million and closed/fund 2,000. — Bernama
