KUALA LUMPUR, Oct 9 — Share prices on Bursa Malaysia ended today’s session mixed for two straight days amid bullish sentiment buoyed by Wall Street’s strong overnight close, dealers said.
The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) ended 3.73 points higher at 1,233.82, making it the highest closing point so far this year.
The benchmark index, which opened 0.04 of a point lower at 1,218.57 this morning, touched an intra-day high of 1,236.89 during the trading session. It had ended 0.942 per cent higher yesterday at a new high of 1,230.09.
According to the dealers, some funds experienced a slowdown in momentum due to the stronger US dollar against most Asian currencies in late afternoon today.
Foreign funds were believed to have helped push the local bourse to the new high as a weaker US dollar earlier shifted overseas funds to Asia.
On a technical view, the dealers noted that the FBM KLCI was well above the immediate resistance level of 1,231.50.
“Any boost would easily cause it to test a new level of 1,242.0,” said one of the dealers.
At closing, the FBM Emas Index advanced 22.50 points to 8,279.43, the FBM Top 100 increased 23.10 points to 8,070.70, the FBM 70 added 18.00 points to 8,095.93 and the FBM ACE Index added 20.12 points to 4,125.19.
The Finance Index went up 57.04 points to 10,332.19 and the Plantation Index gained 21.35 points to 5,971.19 but the Industrial Index was flat at 2,654.83.
Advancers led decliners 344 to 299 with 261 counters unchanged and 390 untraded.
Turnover declined to 712.749 million shares worth RM1.211 billion from 812.326 million shares valued at RM1.338 billion yesterday.
KNM Group was the most actively traded stock, adding half sen to be at 80.5 sen with 43.840 million shares changing hands.
It was followed by Time Engineering which rose 15 sen to 34 sen and Green Packet-Warrants which added 1.5 sen to 37 sen.
Other actively traded stocks included Genting which fell four sen to RM2.73 and Multi Sports which gained three sen to 53.5 sen.
Among the heavyweights, Sime Darby rose two sen to RM8.60, Maybank dropped three sen to RM6.74, CIMB Group increased 10 sen to RM12.22 and Tenaga Nasional and IOI Corp went up one sen each to RM8.22 and RM5.28 respectively.
The Main Market turnover decreased to 631.736 million shares worth RM1.189 billion from 740.341 million shares valued at RM1.320 billion yesterday.
The ACE Market volume rose to 43.034 million shares valued at RM10.302 million from 36.540 million shares worth RM8.451 million previously.
Volume of warrants went up to 34.672 million shares worth RM9.398 million from 32.508 million shares valued at RM7.803 million yesterday.
Consumer products accounted for 47.487 million shares traded on the Main Market, industrial products 134.881 million, construction 44.072 million, trade and services 204.481 million, technology 58.844 million, infrastructure 14.279 million, finance 53.491 million, hotels 1.390 million, properties 66.688 million, plantations 11.701 million, mining nil, REITs 383,800, and closed/fund 34,800. — Bernama
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