KUALA LUMPUR, Oct 30 — Share prices on Bursa Malaysia ended the week on a positive note today after four days of decline on investor support for selected heavyweights and lower-liners, dealers said.
A dealer said banking and financial stocks saw heavy trading ahead of the release of banking and financial statistics for September later today.
The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) added 1.48 points, or 0.119 percent, to close at 1,243.23, pushed by gains mostly in CIMB Group, Maybank and AMMB Holdings.
The FBM KLCI opened 4.36 points higher at 1,246.11 from yesterday’s closing at 1,241.75. It moved between 1,242.73 and 1,248.75 throughout the day.
The FBM Emas Index rose 23.73 points to 8,336.73, FBM Top 100 increased 17.39 points to 8,130.68, FBM 70 jumped 47.75 points to 8,149.88 and the FBM ACE Index advanced 46.59 points to 4,305.69. The Finance Index surged 94.03 points to 10,535.17.
The Industrial Index eased 2.21 points to 2,667.95 and the Plantation Index slipped 24.45 points to 6,088.08. Gainers led losers by 450 to 211 while 239 counters were unchanged and 374 untraded.
Turnover rose to 999.004 million shares worth RM1.325 billion from 932.964 million shares worth RM1.301 billion yesterday.
An analyst from a local brokerage said global investor confidence improved after the US announced better gross domestic product (GDP) growth for the third quarter yesterday.
“The improvement in the world’s largest economy is a reflection that the worst of economic crisis will be finally over. This is what investors are waiting for,” he said.
The US economy, which returned to growth in the third quarter, expanded at an annual pace of 3.5 per cent between July and September. It exceeded economists’ forecasts of 3.3 per cent following the US government’s aggressive stimulus packages.
Among finance and banking stocks, CIMB Group gained 16 sen to RM12.48, Maybank added four sen to RM6.67 and AMMB Holdings rose eight sen to RM4.73.
Lityan Holding Bhd rose 74 sen to close at RM1.74 when it was relisted after the completion of its restructuring exercise. The information technology service provider, which came out of Practice Note 17 category yesterday, is now a listed subsidiary of Lembaga Tabung Haji.
Leading the actives was Time Engineering, which rose 3.5 sen to 39.5 sen, KNM Group, up 1.5 sen to 79 sen while Berjaya Corp Bhd-Iculs C eased half sen to 62.5 sen.
Among heavyweights, Sime Darby eased one sen to RM8.89, Tenaga fell three sen to RM8.41 while IOI Corp shed four sen to RM5.36.
The Main Market turnover rose to 840.95 million shares worth RM1.277 billion from 806.232 million shares worth RM1.252 billion yesterday.
The ACE Market volume surged to 71.88 million units valued at RM13.257 million from 35.911 million units valued at RM8.885 million yesterday.
Warrants increased to 33.519 million shares worth RM5.385 million from 31.88 million shares worth RM7.384 million previously.
Consumer products accounted for 70.215 million shares traded on the Main Market, industrial products 168.887 million, construction 49.409 million, trade and services 252.596 million, technology 88.787 million, infrastructure 48.672 million, finance 65.214 million, hotels 1.1 million, properties 79.408 million, plantations 15.96 million, mining nil, REITs 679,500 and closed/fund 63,500. — Bernama
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