Bursa Malaysia ends higher, CI up 3.23 points

Bursa Malaysia edged higher at close today with most indices recording positive movement and in line with the rise on regional bourses.

The FTSE Bursa Malaysia KLCI (FBM KLCI) ended at 1,842.78 points, 3.23 points better, after hovering between 1,838.04 points and 1,843.89 points throughout the day.

Market breadth was positive with gainers outpacing losers 509 to 339, while 295 counters were unchanged, 511 untraded and 27 others suspended.

Total volume fell to 1.87 billion shares valued at RM2.15 billion, from yesterday's 2.01 billion shares valued at RM2.11 billion.

Kenanga Research said the movement of the benchmark index indicated a strong bullish momentum on the back of higher trading volume.

"However, with the Stochastic indicator in overbought territory, we believe the key index could consolidate around the 1,840 points to 1,850 points level in the near-term as traders digest the impact of the recent US Federal Open Market Committee meeting," it said in a note here today.

Among the heavyweights, Maybank and Public Bank were flat at RM9.70 and RM18.58 respectively, Tenaga lost 2.0 sen for RM13.10 and CIMB added 7.0 sen to RM6.50.

Among active stocks, Dagang Nexchange appreciated 8.5 sen to 37 sen and Naim Indah Corporation gained 1.0 sen to 13.5 sen.

On the scoreboard, the FBM Emas Index appreciated 39 points to 12,789.27 points, the FBMT100 Index rose 33.73 points to 12,428.02 points, and the FBM Emas Shariah Index was up 46.6 points to 13,228.27 points. The FBM 70 advanced 83.45 points to 14,010.57 points, the FBM Ace improved 42.44 points to 6,543.72 points, the Finance Index bagged 33.1 points to 16,791.27 points and the Industrial Index rose 11.27 points to 3,228.2 points.

Main Market volume narrowed to 1.34 billion units valued at RM1.99 billion, from 1.44 billion units valued at RM1.97 billion recorded on Wednesday.

Turnover on the ACE Market decreased to 438.58 million shares worth RM140.97 million from yesterday's 511.33 million shares worth RM133.1 million. Warrants rose to 84.65 million valued at RM10.51 million from 51.3 million
valued at RM6.19 million previously.

Consumer products accounted for 100.67 million shares traded on the Main Market, industrial products (185.36 million), construction (61.81 million), trade and services (581.87 million), technology (159.87 million), infrastructure (13.18 million), SPAC (77.01 million), finance (40.48 million), hotels (223,000), properties (66.65 million), plantations (51.32 million), mining (95,800), REITs (10.69 million) and closed/fund (54,300). – Bernama, October 30, 2014.