Bursa Malaysia ends on a firm note

Posted by Trading Advisor on 12:00 PM with No comments
KUALA LUMPUR: Bursa Malaysia closed higher today, supported by gains in small-capitalised counters as well as plantation and industrial-related shares, a dealer said. As at 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,770.09, up 19.98 points after moving between 1,751.46 and 1,770.09 throughout the day. PPB Group, Petronas Chemicals and Sime Darby were the top contributors to the composite index, adding RM1.20, 17 sen and 21 sen, to RM15.20, RM5.11 and RM9.50 respectively.
The three, accumulatively contributed 7.165 points to the composite index.
"The FBM KLCI displayed recorde good gain today, an indication of the well-acceptance of the revised budget announced by Prime Minister Datuk Seri Najib Tun Razak yesterday," he told Bernama. On the scoreboard, the FBM Emas Index increased 120.09 points to 12,182.11, FBMT100 Index was up 116.13 points to 11,888.96 and the FBM 70 rose 59.37 points to 13,216.57. The FBM Ace increased 42.69 points to 6,237.55 and the FBM Emas Syariah Index improved 139.53 points to 12,682.31. On a sectoral basis, the Industrial Index gained 71.65 points to 3,236.14, Plantation Index advanced 71.66 points to 7,838.32 and the Finance Index perked 47.27 points to 15,603.35.
Gainers trounced losers by 558 to 287, while 280 counters were unchanged, 616 untraded and 19 others suspended.
Total volume rose to 2.16 billion units worth RM2.45 billion from 2.05 billion units worth RM2.02 billion on Tuesday