KUALA LUMPUR: Share prices on Bursa Malaysia closed firmer on Friday, Oct 1 with the key index supported by strong buying by institutional funds in selected heavyweights, led by Axiata Group, MMC Corporation and DiGi, dealers said.
However, the overall market traded within a tight range amid mild profit-taking in selected heavyweights and lower liners after recent gains.
The FTSE Bursa Malaysia KUALA LUMPUR COMPOSITE INDEX [] opened higher and stayed in the positive territory throughout the day.
It surged to a high of 1,469.77 but closed off its high at 1,466.32, up'' 2.82 points or 0.19% higher than Thursday.
"The key index has been continuing its upward trend since Wednesday although there was some technical correction in the market as investors cashed in profits from the recent sharp gains," one of the dealers said.
The overnight gains on Wall Street had also boosted the buying appetite locally, the dealer said, adding that regional bourses, including the local market continued to attract strong interest from foreign funds.
At close, the FBM Emas Index gained 26.65 points to 9,838.29, the FBM Top 100 added 22.10 points to 9,618.39 and the FBM Ace Index surged 74.08 points to 3,951.08.
The PLANTATION [] Index advanced 20.18 points to 6,812.68 while the Finance Index fell 5.31 points to 13,348.27 but the INDUSTRIAL INDEX [] dwindled 3.44
points to 2,812.27.
Gainers led losers 422 to 327 while 267 counters were unchanged, 338 untraded and 31 others were suspended.
The market breadth, however was negative with 973.819 million shares, worth RM1.469 billion, were transacted today compared with 1.052 billion shares, worth RM1.718 billion, registered on Thursday. ' Bernama
However, the overall market traded within a tight range amid mild profit-taking in selected heavyweights and lower liners after recent gains.
The FTSE Bursa Malaysia KUALA LUMPUR COMPOSITE INDEX [] opened higher and stayed in the positive territory throughout the day.
It surged to a high of 1,469.77 but closed off its high at 1,466.32, up'' 2.82 points or 0.19% higher than Thursday.
"The key index has been continuing its upward trend since Wednesday although there was some technical correction in the market as investors cashed in profits from the recent sharp gains," one of the dealers said.
The overnight gains on Wall Street had also boosted the buying appetite locally, the dealer said, adding that regional bourses, including the local market continued to attract strong interest from foreign funds.
At close, the FBM Emas Index gained 26.65 points to 9,838.29, the FBM Top 100 added 22.10 points to 9,618.39 and the FBM Ace Index surged 74.08 points to 3,951.08.
The PLANTATION [] Index advanced 20.18 points to 6,812.68 while the Finance Index fell 5.31 points to 13,348.27 but the INDUSTRIAL INDEX [] dwindled 3.44
points to 2,812.27.
Gainers led losers 422 to 327 while 267 counters were unchanged, 338 untraded and 31 others were suspended.
The market breadth, however was negative with 973.819 million shares, worth RM1.469 billion, were transacted today compared with 1.052 billion shares, worth RM1.718 billion, registered on Thursday. ' Bernama
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