At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 8.17 points or 0.50 per cent stronger at 1,642.21, after trading between 1,630.51 and 1,643.32 throughout the day.
It opened a marginal 0.12 of a point higher at 1,634.16.
On the broader market, gainers led losers by 463 to 302 while 376 stocks were unchanged, 586 untraded and 47 were suspended.
Turnover stood at 1.35 billion shares worth RM1.54 billion.
A dealer said the better sentiment was in line with Asian stock markets and overnight gains on Wall Street as fears over the uncertainty following the Britain’s exit from the European Union (Brexit) had eased.
Regionally, the benchmark Japan Nikkei advanced 1.59 per cent to 15,566.83, Hong Kong’s Hang Seng perked 1.31 per cent to 20,436.12, South Korea’s Kospi jumped 1.04 per cent to 1,956.36 and Shanghai Stock Exchange’s SSE Composite Index added 0.65 per cent to 2,931.59.
Kenanga Research, in a note, said throughout the week, the FBM KLCI was expected to undergo volatile trading with much uncertainty over the global economy, the post Brexit scenario and movement of global oil prices.
Of heavyweights, Public Bank rose 12 sen to RM19.30, RHB advanced 24 sen to RM5.08, Hong Leong Financial Group gained 38 sen to RM14.30, TNB increased eight sen to RM14.06, IHH Healtcare recovered two sen to RM6.52 and KL Kepong jumped 22 sen to RM23.22.
Sime Darby, Maxis and CIMB Group were flat at RM7.46, RM5.81 and RM4.28, respectively, while Maybank declined seven sen to RM8.12 and Genting Malaysia fell two sen to RM4.40.
Among actives, Vivocom and KNM Group erased half-a-sen each to 24 sen and 41.5 sen, respectively, while SapuraKencana soared three sen to RM1.45 and Bumi Armada expanded 1.5 sen to 71.5 sen.
The FBM Emas Index increased 64.24 points to 11,467.54, FBMT 100 Index was 62.78 points higher at 11,173.48 and the FBM Emas Shariah Index jumped 84.61 points to 12,056.98.
The FBM 70 added 99.22 points to 12,950.44 but the FBM Ace fell 15.25 points to 5,161.71.
Sector-wise, the Finance Index gained 70.91 points to 14,109.36, the Industrial Index soared 21.40 points to 3,084.97 and the Plantation Index improved 24.36 points to 7,574.63.
Main Market turnover decreased to 766.44 million shares, worth RM1.42 billion, from yesterday’s 858.79 million shares worth RM1.49 billion.
The ACE Market volume rose 287.56 million units, worth RM66.42 million, from 284.07 million units, worth RM50.04 million, recorded yesterday.
Warrants fell to 282.57 million shares, valued at RM49.13 million, from 303.55 million shares, worth RM62.31 million, registered yesterday.
Consumer products accounted for 44.57 million shares traded on the Main Market, industrial products (207.92 million), construction (30.48 million), trade and services (272.61 million), technology (51.73 million), infrastructure (6.53 million), SPAC (3.63 million), finance (84.22 million), hotels (1.23 million), properties (37.53 million), plantations (13.21 million), mining (600), REITs (12.78 million) and closed/fund (nil). — Bernama
