Last updated Tuesday, September 27, 2016 8:20 am GMT+8

Thursday September 22, 2016
05:54 PM GMT+8

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KUALA LUMPUR, Sept 22 — Bursa Malaysia closed higher today after the Bank of Japan and US Federal Reserve decided to keep interest rates unchanged and this helped ease investor anxieties.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI), which remained in the positive territory the whole day, ended at 1,669.66, up 10.93 points against yesterday’s close of 1,658.73.

After opening 2.5 points better at 1,661.23 this morning, the local index moved between 1,661.21 and 1,670.34 throughout the day.

Gainers led losers by 529 to 313 while 361 counters were unchanged, 487 untraded and 18 others were suspended.

Volume rose to 2.11 billion units worth RM2.23 billion from 1.7 billion units worth RM1.88 billion yesterday.

A dealer said the current bullish momentum would likely continue in the near term considering that uncertainties from the key central banks’ monetary policies had been removed.

“Furthermore, higher oil prices also lifted market sentiment. As at 3pm Malaysia time, the international benchmark Brent crude futures were 0.8 per cent higher at US$47.22 (US$1 = RM4.11) per barrel from their last close,” he added.

On the scoreboard, the FBM Emas Index surged 84.18 points to 11,798.64, FBMT100 Index jumped 82.53 points to 11,499.63 and the FBM Emas Shariah Index was 106.63 points better at 12,450.42.

The FBM 70 soared 125.47 points to 13,838.57 and the FBM Ace inched up 52.34 points to 5,272.39.

Sector-wise, the Finance Index added 83.78 points to 14,305.73, Plantation Index perked 67.55 points to 7,943.14 and the Industrial Index rose 30.4 points to 3,134.

Of the heavyweights, Maybank added four sen to RM7.80 and Public Bank rose eight sen to RM19.58. IHH lost 12 sen to RM6.37. TNB was flat at RM14.40.

Among actives, SC Estate added half-a-sen to 4.5 sen and Borneo Oil gained one sen to 18.5 sen. Sanichi was flat at nine sen.

Main market turnover improved to 1.18 billion shares worth RM2.08 billion from 1.04 billion shares worth RM1.76 billion on Wednesday.

The ACE Market volume rose to 306.09 million units valued at RM40.05 million from 252.05 million units valued at RM30.96 million yesterday.

Warrants swelled to 614.76 million shares worth RM110.24 million from 407.59 million shares worth RM82.24 million previously.

Consumer products accounted for 50.39 million shares traded on the Main Market, industrial products (236.96 million), construction (70.26 million), trade and services (421.77 million), technology (99.55 million), infrastructure (13.35 million), SPAC (9.06 million), finance (102.89 million), hotels (498,400), properties (131.11 million), plantations (41.1 million), mining (nil), REITs (8.29 million) and closed/fund (116,600). — Bernama

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