Buying interest in banking heavyweights lifts Bursa Malaysia at close

KUALA LUMPUR: Bursa Malaysia ended higher today lifted by buying interest in selected banking heavyweights, dealers said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) finished trading at 1,688.56, up 2.04 points, from Friday’s close of 1,686.52.

The barometer index moved between 1,681.64 and 1,689.74 throughout the day, after opening 2.18 points firmer at 1,688.7.

A dealer said the market was experiencing pockets of small rallies within a generally depressed market as fund managers took advantage of the rallies to generate returns in this challenging year.

He added that the firmer Chinese stock market, which resumed trading after the long Lunar New Year break, also helped local market sentiment despite ongoing concerns over US-China trade row.

Among banking heavyweights, Maybank added one sen to RM9.59, Public Bank perked 16 sen to RM25.08 and CIMB rose nine sen to RM5.76.

Of actives, Prestariang climbed 7.5 sen to 43.5 sen and Green Packet gained one sen to 43 sen.

Sapura Energy, Bumi Armada and Priceworth were all flat at 28 sen, 23.5 sen and five sen, respectively.

Market breadth was positive with 489 gainers and 351 losers while 354 counters remained unchanged, 659 untraded and 23 others were suspended.

Total volume rose to 2.57 billion units, valued at RM1.66 billion, from Friday’s 2.48 billion units valued at RM1.72 billion.

The FBM Emas Index increased 3.30 points to 11,728.82 while the FBMT 100 Index eased 1.97 points to 11,599.57 and the FBM Emas Shariah Index erased 17.83 points to 11,575.2.

The FBM 70 fell 68.29 points to 13,964.61 but the FBM Ace Index rose 28.3 points to 4,583.52.

Sector-wise, the Financial Services Index jumped 65.561 points to 17,707.67, the Industrial Products and Services Index perked 0.53 of a point to 162.5 while the Plantation Index shed 41.11 points to 7,258.49.

Main Market volume rose to 1.93 billion shares, valued at RM1.55 billion, against Friday’s 1.9 billion shares valued at RM1.59 billion.

Warrants turnover narrowed to 347.83 million units, worth RM64.82 million, from 389.26 million units, valued at RM90.31 million, transacted on Friday.

Volume on the ACE Market rose to 289.21 million shares, valued at RM46.87 million, compared with 191.34 million shares, worth RM35.98 million, recorded previously.

Consumer products and services accounted for 259.71 million shares traded on the Main Market, industrial products and services (321.9 million), construction (140.4 million), technology (201.95 million), SPAC (nil), financial services (41.81 million), property (106.14 million), plantations (49.76 million), REITs (12.19 million), closed/fund (6,300), energy (509.32 million), healthcare (27.31 million), telecommunications and media (229.35 million), transportation and logistics (23.76 million), and utilities (14.07 million).

The physical price of gold as at 5pm stood at RM165.70 per gramme, up 14 sen from RM165.56 at 5pm last Friday. — Bernama

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