KUALA LUMPUR, June 16 — Late buying lifted Bursa Malaysia to end at its intraday high today, in sync with the upbeat performance in regional bourses as market sentiment turned positive, fuelling investors’ risk appetite.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 6.88 points, or 0.50 per cent to end at 1,388.61 from 1,381.73 at yesterday’s close.
The barometer index opened 0.69 of-a-point firmer at 1,382.42 this morning and thereafter hit an intraday low of 1,373.15 during the mid-morning session.
However, the market breadth was negative as decliners outpaced gainers 451 to 397, while 462 counters were unchanged, 974 untraded, and 25 others suspended.
Turnover increased to 3.54 billion units worth RM3.25 billion versus 3.48 billion units worth RM1.80 billion yesterday.
Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the key regional indices trended mostly higher following a positive cue from Wall Street overnight, except for the Indonesia Stock Exchange which fell 0.23 per cent to 6,698.55.
“Additionally, investor sentiment has improved over the expectation that the US Federal Reserve is near the end of its rate-hike campaign,” he told Bernama.
Among heavyweights, Public Bank rose two sen to RM3.87, Tenaga Nasional was nine sen higher to RM9.20, IHH Healthcare improved 16 sen to RM5.96, while Maybank eased three sen to RM8.57 and CIMB slid two sen to RM4.98.
Of the actives, YTL Corporation put on five sen to 97.5 sen, TWL was flat at three sen, Top Glove slid 11.5 sen to 97.5 sen, Classita shed half-a-sen to 9.5 sen, and Sarawak Consolidated decreased 1.5 sen to 40.5 sen.
On the index board, the FBM Emas Index was 34.90 points higher at 10,247.62, the FBMT 100 Index increased 37.94 points to 9,944.36, the FBM Emas Shariah Index rose 47.25 points to 10,611.78, the FBM ACE Index garnered 20.95 points to 5,125.76, and the FBM 70 Index was 5.24 points firmer at 13,584.71.
Sector-wise, the Industrial Products and Services Index advanced 1.90 points to 160.79, the Plantation Index slipped 52.13 points to 6,648.54, the Energy Index climbed 6.67 points to 793.89, and the Financial Services Index slipped 30.69 points to 15,173.32.
The Main Market volume expanded to 2.56 billion units valued at RM3.01 billion from 2.43 billion units valued at RM1.54 billion yesterday.
Warrants turnover declined to 376.42 million units worth RM57.82 million against 399.46 million units worth RM72.87 million previously.
The ACE Market volume dwindled to 604.44 million shares valued at RM181.28 million from 642.95 million shares valued at RM190.47 million yesterday.
Consumer products and services counters accounted for 503.14 million shares traded on the Main Market, industrial products and services (503.60 million); construction (62.59 million); technology (216.54 million); SPAC (nil); financial services (148.56 million); property (395.26 million); plantation (61.97 million); REITs (5.39 million), closed/fund (53,000); energy (208.29 million); healthcare (268.97 million); telecommunications and media (48.79 million); transportation and logistics (45.32 million); and utilities (86.90 million). — Bernama
