KUALA LUMPUR: Share prices on Bursa Malaysia closed higher on Wednesday, June 16, on foreign and local institutional buying, taking the cue from overnight Wall Street rally, dealers said.
The FTSE Bursa Malaysia Composite Index (FBM KLCI) rose by 4.76 points, or 0.36%, to close at 1,303.13 on active buying interests in selected heavyweights and blue-chips.
It had opened 4.77 points higher at 1,303.14.
The benchmark index moved between 1,312.1 and 1,303.13 throughout the day. In New York, the strong general economic index for production data pushed the Dow Jones Industrial Average up 213.88 points to 10,404.77.
The Nasdaq index advanced 61.92 points to 2,305.88 and the broad-market S&P 500 gained 25.60 points to 1,115.23.
A dealer said the regional market rally, except for China, Hong Kong and Taiwan, which were closed for national holidays, boosted local market sentiment.
The players also took the cue from the rally in Europe after successful debt sales by eurozone members, such as Belgium, Ireland and Spain, calmed investor concern on Moody's Investors Service's downgrade of Greece's debt rating on Tuesday, he said.
"The investors take advantage of the positive mood in the market and optimism on the global economy recovery," he said.
The Finance Index increased 39.32 points to 11,702.32, INDUSTRIAL INDEX [] rose 15.28 points to 2,613.23 and the PLANTATION [] Index went up 39.47 points to 6,175.35.
The FBM Emas Index surged 46.19 points to 8,791.7, FBM70 [] Index increased 79.98 points to 8,745.37 and the FBM Ace Index went up 17.93 points to 3,815.81.
Gainers outnumbered decliners by 494 to 174, while 240 counters were unchanged, 461 untraded and 33 others suspended.
Volume rose to 662.853 million units worth RM1.012 billion from 511.873 million units worth RM891.308 million yesterday.
Of the heavyweights, CIMB Group added five sen to RM6.94, Sime Darby rose six sen to RM7.87, MISC went up three sen to RM8.51 and Tenaga increased one sen to RM8.32.
However, Maybank fell two sen to RM7.44 and Maxis declined one sen to RM5.30.
Among the active stocks, ADVANCE INFORMATION MARKETING [] went up half sen to 14.5 sen and KNM Group rose one sen to 50 sen.
Kenmark Industrial declined one sen to 10 sen.
Talam Corp and SAAG Consolidated were flat at 12.5 sen and 8.5 sen respectively.
The major gainers included Cycle & Carriage Bintang, which rose 29 sen to RM5.45, Minho added 27.5 sen to 53.5 sen, KKB Engineering increased 26 sen to RM1.70, Magni-Tech Industries was up 21 sen to RM1.19 and Nestle rose 20 sen to RM34.50.
Turnover on the Main Market rose to 579.899 million shares valued at RM994.851 million from 452.886 million shares valued at RM879.416 million yesterday.
The ACE market volume increased to 52.032 million units worth RM7.511 million from 33.565 million units worth RM4.590 million previously.
Warrants' turnover rose to 23.224 million shares valued at RM3.044 million from 18.838 million shares valued at RM2.104 million on Tuesday.
Consumer products accounted for 51.469 million shares traded on the Main Market, industrial products 86.895 million, CONSTRUCTION [] 52.096 million, trade and services 174.367 million, TECHNOLOGY [] 25.494 million, infrastructure 5.282 million, finance 49.69 million, hotels 1.356 million, PROPERTIES [] 119.472million, plantations 12.708 million, mining 29,000, REITs 934,400 and closed/fund 105,500. -- Bernama
The FTSE Bursa Malaysia Composite Index (FBM KLCI) rose by 4.76 points, or 0.36%, to close at 1,303.13 on active buying interests in selected heavyweights and blue-chips.
It had opened 4.77 points higher at 1,303.14.
The benchmark index moved between 1,312.1 and 1,303.13 throughout the day. In New York, the strong general economic index for production data pushed the Dow Jones Industrial Average up 213.88 points to 10,404.77.
The Nasdaq index advanced 61.92 points to 2,305.88 and the broad-market S&P 500 gained 25.60 points to 1,115.23.
A dealer said the regional market rally, except for China, Hong Kong and Taiwan, which were closed for national holidays, boosted local market sentiment.
The players also took the cue from the rally in Europe after successful debt sales by eurozone members, such as Belgium, Ireland and Spain, calmed investor concern on Moody's Investors Service's downgrade of Greece's debt rating on Tuesday, he said.
"The investors take advantage of the positive mood in the market and optimism on the global economy recovery," he said.
The Finance Index increased 39.32 points to 11,702.32, INDUSTRIAL INDEX [] rose 15.28 points to 2,613.23 and the PLANTATION [] Index went up 39.47 points to 6,175.35.
The FBM Emas Index surged 46.19 points to 8,791.7, FBM70 [] Index increased 79.98 points to 8,745.37 and the FBM Ace Index went up 17.93 points to 3,815.81.
Gainers outnumbered decliners by 494 to 174, while 240 counters were unchanged, 461 untraded and 33 others suspended.
Volume rose to 662.853 million units worth RM1.012 billion from 511.873 million units worth RM891.308 million yesterday.
Of the heavyweights, CIMB Group added five sen to RM6.94, Sime Darby rose six sen to RM7.87, MISC went up three sen to RM8.51 and Tenaga increased one sen to RM8.32.
However, Maybank fell two sen to RM7.44 and Maxis declined one sen to RM5.30.
Among the active stocks, ADVANCE INFORMATION MARKETING [] went up half sen to 14.5 sen and KNM Group rose one sen to 50 sen.
Kenmark Industrial declined one sen to 10 sen.
Talam Corp and SAAG Consolidated were flat at 12.5 sen and 8.5 sen respectively.
The major gainers included Cycle & Carriage Bintang, which rose 29 sen to RM5.45, Minho added 27.5 sen to 53.5 sen, KKB Engineering increased 26 sen to RM1.70, Magni-Tech Industries was up 21 sen to RM1.19 and Nestle rose 20 sen to RM34.50.
Turnover on the Main Market rose to 579.899 million shares valued at RM994.851 million from 452.886 million shares valued at RM879.416 million yesterday.
The ACE market volume increased to 52.032 million units worth RM7.511 million from 33.565 million units worth RM4.590 million previously.
Warrants' turnover rose to 23.224 million shares valued at RM3.044 million from 18.838 million shares valued at RM2.104 million on Tuesday.
Consumer products accounted for 51.469 million shares traded on the Main Market, industrial products 86.895 million, CONSTRUCTION [] 52.096 million, trade and services 174.367 million, TECHNOLOGY [] 25.494 million, infrastructure 5.282 million, finance 49.69 million, hotels 1.356 million, PROPERTIES [] 119.472million, plantations 12.708 million, mining 29,000, REITs 934,400 and closed/fund 105,500. -- Bernama
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