The benchmark FTSE Bursa Malaysia KLCI moved between a narrow range of 1,560.59 and 1,566.20 throughout the day and ended the day 0.21% or 3.22 points better at 1,565.81.
A dealer said the local bourse was generally supported by buying interest in newly-listed Bumi Armada which was the top gainer and most actively traded stock today, gaining RM1.11 to finish at RM4.14 over its initial public offering price of RM3.03.
Market breadth was positive with 386 gainers compared with 321 losers.
Trading volume increased to 1.2 billion shares, worth RM2.6 billion, from 803.41 million shares, worth RM1.3 billion, transacted yesterday.
The Finance Index surged 68.82 points to 14,787.50, the Plantation Index rose 7.08 points to 7,698.24 and the Industrial Index gained 11.59 points to 2,862.13.
The FTSE Bursa Malaysia Emas Index climbed 33.09 points to 10,744.11, the FTSE Bursa Malaysia Mid 70 Index jumped 84.15 points to 11,725.02 and the FTSE Bursa Malaysia Ace Index expanded 41.78 points to 4,156.53.
A dealer said despite the higher close, trading was generally volatile with the key index slipping in and out of the negative territory, as rising inflation and uncertainties over US and European debt problems, further weighed on investor sentiment.
Among active stocks, Ingenuity Solutions rose one sen to 10.5 sen, Ariantec Global slipped half-a-sen to 3.5 sen while Flonic Hi-Tech was unchanged at 15 sen.
Heavyweights, Maybank and CIMB were both unchanged at RM8.84 and RM8.53, respectively, Petronas Chemicals declined one sen to RM7.09 while Sime Darby gained three sen to RM9.16.
Volume on the Main Market increased to 874.52 million shares, worth RM2.58 billion, from 524.49 million shares, worth RM1.25 billion, recorded yesterday.
Turnover on the ACE Market rose to 218.41 million shares, valued at RM30.38 million, from 181.46 million shares, worth RM29.4 million, registered previously.
Warrants was higher at 103.87 million shares valued at RM18.21 million compared with Wednesday’s 95.1 million shares worth RM18.04 million.
Consumer products accounted for 25.36 million shares traded on the Main Market, industrial products 122.62 million, construction 63.31 million, trade and services 485.04 million, technology 15.29 million, infrastructure 5.92 million, finance 72 million, hotels 164,200, properties 67.81 million, plantations 13.39 million, mining 143,000, REITs 3.43 million and closed/fund 46,500.