KUALA LUMPUR, April 10 – Share prices on Bursa Malaysia closed higher today with the KLCI at 941.38, the highest in six months fuelled by positive sentiment following the new Cabinet line-up, dealers said.
The CI increased 23.49 points or 2.56 per cent today, as the market continued to react positively to the new list of ministers and deputy ministers, which was announced yesterday by Prime Minister Datuk Seri Najib Tun Razak.
The index recorded an intra-day high of 942.4 and a low of 925.86.The overnight gain on Wall Street which saw the Dow Jones Industrial Index up by 3.14 percent to 8,083.38 and the S&P 500 rising 3.81 per cent to 856.56 also influenced market momentum.
Analysts are also expecting the CI to touch 950 level next week as the buying momentum has been getting stronger especially in heavyweights.
The Finance Index gained 182.92 points to 7,015.36, the Industrial Index rose 59.7 points to 2,227.82 and the Plantation Index advanced 121.37 points to 4,918.59.
Of the FTSE-BM Index series, the FBMEmas went up 164.1 points to 6,192.58, the FBM30 added 162.79 points to 6,047.76, the FBM2BRD was 49.16 points higher at 4,040.24 and the FBM-MDQ rose 83.42 points to 3,108.2.
Advancers led decliners by 554 to 100 while 143 counters were unchanged, 446 still untraded and 34 others suspended.
Volume increased to 1.155 billion shares worth RM1.298 billion compared to Thursday's 715.124 million shares valued at RM990.704 million.
Among the actives, KNM rose 1.5 sen to 44.5 sen, Gula Perak increased half sen to five sen, Maybank-OR gained six sen to RM1.06 and Resorts World advanced nine sen to RM2.36.
Of the heavyweights, Sime Darby increased 40 sen to RM6.50, Maybank rose 10 sen to RM3.98, Tenaga advanced 40 sen to RM6.50 and TM gained six sen to RM3.64.
Volume on the Main Board increased to 1.036 billion shares valued at RM1.275 billion compared with Thursday’s 651.606 million shares worth RM975.666 million.
Turnover on the Second Board advanced to 41.702 million shares worth RM10.375 million from yesterday’s 19.265 million shares valued at RM6.022 million.
Volume on the Mesdaq Market appreciated to 32.748 million shares valued at RM4.249 million from 13.076 million shares worth RM2.187 million previously.
Warrants increased to 32.105 million worth RM3.605 million from 15.35 million valued at RM1.591 million yesterday.
On a sectoral basis, consumer products accounted for 41.066 million shares traded on the Main Board, industrial products 175.926 million, construction 104.624 million, trade/services 366.987 million, technology 21.161 million, infrastructure 31.983 million, finance 115.184 million, hotels 45.228 million, properties 103.263 million, plantations 29.370 million, mining 80,100, REITs 498,400 and closed/fund 183,500. – Bernama
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