Shares on Bursa Malaysia closed higher today on late fund buying activities, dealers said.
The underlying FTSE Bursa Malaysia KLCI ended at 1,504.11, up 3.20 points or 0.21 per cent, supported by gains in selected heavyweights.
Hong Leong Investment Bank, in a research note, said the key index was likely to end the year above the 1,500 points level driven by a bullish breakout and positive technical readings coupled with rotational window dressing activities.
The Finance Index increased 24.46 points to 13,374.22, the Plantation Index gained 27.15 points to 8,068.86 and the Industrial Index added 22.37 points to 2,708.02. The FTSE Bursa Malaysia Emas climbed 27.92 points to 10,318.69, the FTSE
Bursa Malaysia Mid 70 Index advanced 68.14 points to 11,436.30 and the FTSE Bursa Malaysia Ace Index was 39.24 points higher at 4,054.80.
Volume increased to 1.27 billion shares, worth RM904.21 million, from 993.75 million shares, valued at RM743.83 million, registered on Tuesday.
Market breadth was positive with gainers leading losers 385 to 314.
A dealer said although the local bourse was up in late trading, sentiment remained bearish in line with Asian markets which traded lower as many market players were away for the year-end holidays.
"The market will continue with its rangebound trading this week as the year comes to a close," the dealer said, adding that any gains could be due to fund managers' buying to adjust their portfolios.
Among active counters, 1 Utopia slipped half-a-sen to 7.5 sen, Proton-Call Warrant declined two sen to 47.5 sen while JCY-Call Warrant gained seven sen to 44 sen.
For heavyweights, Maybank was unchanged at RM8.34, Sime Darby shed one sen to RM8.99 while CIMB increased five sen to RM7.10.
Volume on the Main Market rose to 614.35 million shares, valued at RM771.79 million, from 540.14 million shares, valued at RM647.33 million, recorded on Tuesday.
Turnover on the Ace Market jumped to 362.93 million units, worth RM37.42 million, from yesterday's 179.61 million units, worth RM22.94 million.
Warrants increased to 292.32 million shares, valued at RM92.51 million, from 272.79 million units valued, at RM72.9 million, transacted previously.
Consumer products accounted for 84.68 million shares traded on the Main Market, industrial products 123.1 million, construction 24.92 million, trade and services 193.1 million, technology 44.33 million, infrastructure 8.93 million, finance 51.6 million, hotels 384,800 million, properties 42.95 million, plantations 20.1 million, mining nil, REITs 1.9 million and closed/fund 16,900. -- BERNAMA
The underlying FTSE Bursa Malaysia KLCI ended at 1,504.11, up 3.20 points or 0.21 per cent, supported by gains in selected heavyweights.
Hong Leong Investment Bank, in a research note, said the key index was likely to end the year above the 1,500 points level driven by a bullish breakout and positive technical readings coupled with rotational window dressing activities.
The Finance Index increased 24.46 points to 13,374.22, the Plantation Index gained 27.15 points to 8,068.86 and the Industrial Index added 22.37 points to 2,708.02. The FTSE Bursa Malaysia Emas climbed 27.92 points to 10,318.69, the FTSE
Bursa Malaysia Mid 70 Index advanced 68.14 points to 11,436.30 and the FTSE Bursa Malaysia Ace Index was 39.24 points higher at 4,054.80.
Volume increased to 1.27 billion shares, worth RM904.21 million, from 993.75 million shares, valued at RM743.83 million, registered on Tuesday.
Market breadth was positive with gainers leading losers 385 to 314.
A dealer said although the local bourse was up in late trading, sentiment remained bearish in line with Asian markets which traded lower as many market players were away for the year-end holidays.
"The market will continue with its rangebound trading this week as the year comes to a close," the dealer said, adding that any gains could be due to fund managers' buying to adjust their portfolios.
Among active counters, 1 Utopia slipped half-a-sen to 7.5 sen, Proton-Call Warrant declined two sen to 47.5 sen while JCY-Call Warrant gained seven sen to 44 sen.
For heavyweights, Maybank was unchanged at RM8.34, Sime Darby shed one sen to RM8.99 while CIMB increased five sen to RM7.10.
Volume on the Main Market rose to 614.35 million shares, valued at RM771.79 million, from 540.14 million shares, valued at RM647.33 million, recorded on Tuesday.
Turnover on the Ace Market jumped to 362.93 million units, worth RM37.42 million, from yesterday's 179.61 million units, worth RM22.94 million.
Warrants increased to 292.32 million shares, valued at RM92.51 million, from 272.79 million units valued, at RM72.9 million, transacted previously.
Consumer products accounted for 84.68 million shares traded on the Main Market, industrial products 123.1 million, construction 24.92 million, trade and services 193.1 million, technology 44.33 million, infrastructure 8.93 million, finance 51.6 million, hotels 384,800 million, properties 42.95 million, plantations 20.1 million, mining nil, REITs 1.9 million and closed/fund 16,900. -- BERNAMA
