Last updated Friday, September 30, 2016 1:01 pm GMT+8

Friday September 23, 2016
06:16 PM GMT+8

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A dealer said some traders took profits off the table earlier today following Bursa Malaysia’s three-day gains, however, the return of the bulls and bargain-hunters lifted the market higher at the close. — Reuters picA dealer said some traders took profits off the table earlier today following Bursa Malaysia’s three-day gains, however, the return of the bulls and bargain-hunters lifted the market higher at the close. — Reuters picKUALA LUMPUR, Sept 23 — Bursa Malaysia ended the day higher with the benchmark index putting on 1.33 points on bargain hunting.  At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,670.99 compared with yesterday’s close of 1,669.66.

After opening 5.81 points weaker at 1,663.85, the local index fluctuated between 1,662.83 and 1,672.28 throughout the day.

Gainers led losers 415 to 364 while 413 counters were unchanged, 498 untraded and 17 others were suspended.

Volume fell to 1.88 billion units, worth RM1.95 billion, from 2.11 billion units, worth RM2.23 billion, recorded yesterday.

A dealer said some traders took profits off the table earlier today following Bursa Malaysia’s three-day gains, however, the return of the bulls and bargain-hunters lifted the market higher at the close.

“The FBM KLCI managed to stage a rebound to escape from its consolidation zone after the Bank of Japan and US Federal Reserve decided to maintain interest rates, which helped ease investors’ anxiety,” he added.  On the scoreboard, the FBM Emas Index added 11.58 points to 11,810.22, FBMT100 Index increased 12.16 points to 11,511.79 and the FBM Emas Shariah Index was 33.3 points better at 12,483.72.

The FBM 70 rose 25.47 points to 13,864.04 but the FBM Ace was down 20.53 points to 5,251.86.

Sector-wise, the Finance Index lost 56.31 points to 14,249.42, Plantation Index perked 15.2 points to 7,958.34 and the Industrial Index rose 10.18 points to 3,144.18.

Of heavyweights, TNB was flat at RM14.40, Maybank added seven sen to RM7.67, Public Bank rose 16 sen to RM19.74 and Petronas Chemicals fell four sen to RM6.70.

Among actives, Borneo Oil was flat at 18.5 sen while MBSB and Daya Materials inched up half-a-sen to 92 sen and 7.0 sen, respectively.

Main market turnover improved to 1.22 billion shares, worth RM1.84 billion, from 1.18 billion shares, valued at RM2.08 billion, yesterday.

The ACE Market volume fell to 276.79 million units, valued at RM40.34 million, from yesterday’s 306.09 million units valued at RM40.05 million.

Warrants contracted to 383.39 million shares, worth RM71.76 million, from 614.76 million shares, worth RM110.24 million, registered previously.

Consumer products accounted for 47.81 million shares traded on the Main Market, industrial products (245.73 million), construction (56.79 million), trade and services (597.27 million), technology (23.13 million), infrastructure (14.18 million), SPAC (14.35 million), finance (100.12 million), hotels (750,500), properties (90.51 million), plantations (35.92 million), mining (nil), REITs (1.64 million) and closed/fund (71,600). — Bernama 

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