KUALA LUMPUR, Nov 24 — Bursa Malaysia ended higher today on follow-through buying in selected heavyweights, amid profit-taking in second and third liners, dealers said.
At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 6.13 points to 1,677.03 after moving between 1,677.03 and 1,686.69 throughout the day.
A dealer told Bernama the RM20 billion fund injection into government-owned fund manager, ValueCap Sdn Bhd, to help revitalise the stock market had borne fruit as the rise in the local bourse was apparent.
Among heavyweights, TNB rose 16 sen to RM13.58, Petronas Gas improved 10 sen to RM23.04, Axiata gained seven sen to RM6.20, while Sime Darby shed two sen to RM7.98 and CIMB was down four sen to RM4.56.
Of the actives, Instacom was up one sen to 32.5 sen, RGB International eased two sen to 16 sen, Inix Technologies declined one sen to nine sen, EA Holdings trimmed half-a-sen to 13.5 sen and Borneo Oil was flat at 16.5 sen.
Market breadth was negative with decliners outpacing gainers by 572 to 373, while 312 counters were unchanged, 581 untraded and 11 others were suspended.
Volume decreased to 2.67 billion shares worth RM2.39 billion from 2.94 billion shares worth RM1.93 billion yesterday.
Among the top gainers were Daibochi (+40 sen to RM5.75), Analabs Resources (+32 sen to RM2.77), UPA Corp (+31 sen to RM2.16) and Asia File Corp (+24 sen to RM5.10).
The top losers included Nestle (-RM1.88 to RM73.32), KESM Industries (-41 sen to RM5.01) and Signature International (-40 sen to RM2.18).
On the scoreboard, the FBM Emas Index rose 25.55 points to 11,667.85, the FBMT100 Index increased 28.29 points to 11,339.64 and the FBM Emas Shariah Index advanced 39.82 points to 12,613.56.
The FBM Ace inched down 7.78 points to 6,920.41 while the FBM 70 fell 16.06 points to 12,888.46.
Sector-wise, the Industrial Index increased 10.86 points to 3,298.1 and the Plantation Index edged up 8.8 points to 7,511.53.
The Finance Index, however, decreased 47.1 points to 14,088.06.
Main Market volume declined to 1.49 billion units worth RM2.14 billion from 1.69 billion units worth RM1.66 billion on Monday.
Turnover on the ACE Market fell to 995.72 million shares valued at RM223.93 million from 1.09 billion shares valued at RM244.24 million previously.
Warrants rose to 177 million units worth RM27.41 million from 152.23 million units worth RM22.88 million yesterday.
Consumer products accounted for 163.05 million shares traded on the Main Market, industrial products (326.61 million), construction (102.3 million), trade and services (656.96 million), technology (68.88 million), infrastructure (14.48 million), SPAC (6.03 million), finance (34.39 million), hotel (1.41 million), properties (103.78 million), plantations (12.25 million), mining (13,800), REITs (7.07 million) and closed/fund (91,700). — Bernama