Bursa Malaysia rebounded from yesterday's losses to close higher today, helped by gains in banking stocks and blue-chips like Proton and Hong Leong Financial Group, dealers said.
The FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 14.82 points to close at 1,447.99 after opening 1.26 points lower at 1,431.91.
A dealer said Asian markets, with the exception of Japan, bounced back from their recent losses to close higher today on bargain hunting.
He said the cautious sentiment, however, remained on growing concern over the impact of the eurozone debt crisis and the weak China's manufacturing activities against the backdrop of a poor global economic outlook.
The Finance Index gained 107.20 points to 12,885.97, Plantation Index increased 58.13 points to 7,629.34 and the Industrial Index surged 18.37 points to 2,634.12.
The FBM Emas Index rose 86.28 points to 9,908.96, FBM70 Index added 50.84 points to 10,746.85, FBM Top 100 Index surged 87.99 points to 9,716.33 and the FBM ACE Index jumped 35.07 points to 4,165.27.
Advancers led decliners by 499 to 277 while 289 counters were unchanged, 468 untraded and 19 others were suspended.
Turnover, however, fell to 1.499 billion shares worth RM1.077 billion from 1.508 billion shares worth RM1.127 billion yesterday.
Among the active counters, MBF Holdings warrants rose seven sen to 32.5 sen, Compugates Holdings was unchanged at eight sen, JCY International rose seven sen to 75 sen and Sumatec Resources declined 5.5 sen to 23 sen.
Among the heavyweights, Maybank rose two sen to RM8.19, CIMB rose 11 sen to RM6.79, AMMB Holdings increased five sen to RM5.56, Sime Darby added 15 sen to RM8.88, Proton jumped 23 sen to RM3.18 and Hong Leong Financial Group surged 32 sen to RM11.32. -- Bernama
The FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 14.82 points to close at 1,447.99 after opening 1.26 points lower at 1,431.91.
A dealer said Asian markets, with the exception of Japan, bounced back from their recent losses to close higher today on bargain hunting.
He said the cautious sentiment, however, remained on growing concern over the impact of the eurozone debt crisis and the weak China's manufacturing activities against the backdrop of a poor global economic outlook.
The Finance Index gained 107.20 points to 12,885.97, Plantation Index increased 58.13 points to 7,629.34 and the Industrial Index surged 18.37 points to 2,634.12.
The FBM Emas Index rose 86.28 points to 9,908.96, FBM70 Index added 50.84 points to 10,746.85, FBM Top 100 Index surged 87.99 points to 9,716.33 and the FBM ACE Index jumped 35.07 points to 4,165.27.
Advancers led decliners by 499 to 277 while 289 counters were unchanged, 468 untraded and 19 others were suspended.
Turnover, however, fell to 1.499 billion shares worth RM1.077 billion from 1.508 billion shares worth RM1.127 billion yesterday.
Among the active counters, MBF Holdings warrants rose seven sen to 32.5 sen, Compugates Holdings was unchanged at eight sen, JCY International rose seven sen to 75 sen and Sumatec Resources declined 5.5 sen to 23 sen.
Among the heavyweights, Maybank rose two sen to RM8.19, CIMB rose 11 sen to RM6.79, AMMB Holdings increased five sen to RM5.56, Sime Darby added 15 sen to RM8.88, Proton jumped 23 sen to RM3.18 and Hong Leong Financial Group surged 32 sen to RM11.32. -- Bernama
