KUALA LUMPUR, June 2 — Shares on Bursa Malaysia closed higher on renewed buying support in selected heavyweights after four consecutive days of losses, dealers said.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) finished 4.03 points higher at 1,630.53 after opening 0.67 points weaker at 1,625.83.

It fluctuated between 1,624.44 and 1,635 throughout the day.

A dealer said most Asian markets were mixed today as investors became concern over the outcome of several global market-related meetings.

He said that investors remained on the sidelines over the outcome of the key European Central Bank meeting later today, as well as the Organisation of the Petroleum Exporting Countries meeting in Vienna.

However, he said oil prices remained steady as analysts did not expect the meeting to result in restrictions on crude oil output.

“Investors were also concerned over Japanese’s Prime Minister Shinzo Abe’s to postpone a sales tax hike to avoid shocks to the country’s faltering recovery,” he added.

The FBM Emas Index added 24.48 points to 11,415.93, the FBMT100 Index gained 23.35 points to 11,108.91 and the FBM Emas Shariah Index was 4.22 points better at 11,938.45.

The FBM 70 rose 12.46 points to 12,929.73 while the FBM Ace advanced 356.03 points to 5,516.53.

The Finance Index jumped 66.38 points to 14,220.95, the Plantation Index increased 26.59 points to 7,450.26 and the Industrial Index improved 1.80 points to 3,097.96.

Market breadth was positive as gainers led losers 468 to 333 with 336counters unchanged, 574 untraded and 15 others were suspended.

Volume rose to 1.75 billion units, worth RM1.84 billion, from 1.35 billion units, worth RM1.66 billion, recorded yesterday.

Among heavyweights, Maybank and TNB perked four sen each to RM8.27 and RM14, respectively, Public Bank surged 12 sen to RM19.04 while Petronas Chemicals shed eight sen to RM6.50.

Among actives, Bumi Armada added 1.5 sen to 68 sen, AirAsia gained 13 sen to RM2.45, AirAsia X earned half-a-sen to 38 sen while O&C Resources slipped 9.5 sen to 55.5 sen.

Main Market turnover advanced to 987.89 million shares, worth RM1.73 billion, from Wednesday's 888.76 million shares worth RM1.58 billion.

ACE Market volume widened to 569.73 million shares, valued at RM87.95 million, from 298.57 million shares valued at RM55.02 million.

Warrants increased to 163.33 million units, worth RM23.26 million, from 145.31 million units, valued at RM21.78 million, previously.

Consumer products accounted for 121.64 million shares traded on the Main Market, industrial products (212.84 million), construction (37.45 million), trade and services (381.74 million), technology (27.97 million), infrastructure (19.66 million), SPAC (39.59 million), finance (50.89 million), hotels (483,500), properties (73.01 million), plantations (16.74 million), mining (300), REITs (5.87 million) and closed/fund (3,000). — Bernama