KUALA LUMPUR, June 1 — Share prices on Bursa Malaysia ended firmer today supported by positive sentiments in the region, with banking and plantation stocks leading the gains, dealers said.
At close, the benchmark Kuala Lumpur Composite Index (KLCI) was 17.69 points higher at 1,061.80 after opening 3.51 points higher at 1,047.62 in the morning.
The dealers said strong interest was seen across all stocks, mainly in banking stocks on expectations that the capital market will recover amid increasing activities in bond trading and initial public offering.
A healthy palm oil export data released by cargo surveyors, Intertek Testing Services (ITS) and Societe Generale de Surveillance (SGS), further spurred buying interest in the stock market.
ITS said that exports of Malaysian palm oil products for May rose 1.7 percent to 1,211,716 tonnes while SGS reported a 5.1 percent increase in exports at 1,227,894 tonnes.
"Renewed hopes that the global economy is in recovery mode after China’s factory orders rose in May 2009 also further encouraged buying on the local bourse," the dealers said.
The Plantation Index added 66.50 points to 5,362.27, the Industrial Index went up 27.0 points to 2,349.10 while the Finance Index jumped 178.49 points to 8,182.98.
The FBMEmas Index advanced 110.71 points to 7,094.92, the FBM30 Index climbed 89.41 points to 6,766.68 and the FBMMesdaq Index rose 7.95 points to 4,047.64.
The FBM2BRD Index, however, declined 3.32 points to 4,571.45.
In active trade, gainers led losers by 424 to 235, while 205 counters were unchanged, 374 untraded and 35 others suspended.
Volume decreased to 1.606 billion shares worth RM1.682 billion from last Friday's 1.769 billion shares worth RM2.362 billion.
Among the active stocks, KNM Group increased 9.5 sen to 99 sen, Sino Hua-An International rose 7.5 sen to 52.5 sen, while Compugates lost one sen to eight sen.
As for the heavyweights, Sime Darby and Tenaga Nasional declined 10 sen and 25 sen to RM7.10 and RM7.90 respectively due to some adjustments in the share prices after their steep surge last Friday.
As for Maybank and Bumiputra-Commerce, they gained 25 sen and 20 sen respectively to RM5.30 and RM8.75.
Volume on the Main Board declined to 1.362 billion shares worth RM1.608 billion from the 1.576 billion shares worth RM2.297 billion last Friday.
Turnover on the Second Board rose to 88.500 million units valued at RM39.824 million from 79.398 million units valued at RM37.235 million previously.
Volume on the Mesdaq Market increased to 97.071 million shares worth RM23.004 million from 71.438 million shares worth RM18.310 million on Friday.
Warrants went up to 48.457 million units valued at RM7.515 million from 32.024 million units valued at RM5.378 million previously.
On a sectoral basis, consumer products accounted for 45.921 million shares traded on the Main Board, industrial products 444.219 million, construction 101.770 million, trade/services 542.635 million, technology 13.652 million, infrastructure 16.592 million, finance 64.460 million, hotels 3.586 million, properties 180.972 million, plantations 37.033 million, mining 30,000, REITs 1.194 million, and closed/fund 155,600. – Bernama
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