KUALA LUMPUR: Share prices on Bursa Malaysia closed firmer ahead of the weekend, prompted by the possibility of additional economic stimulus being introduced by the United States and European policymakers to spur economic activities, dealers said.
Gains on key heavyweights like IOI Corp, Genting Malaysia and Genting, pushed the FTSE Bursa Malaysia KLCI (FBM KLCI) to close 8.29 points higher at 1,579.23.
The barometer index, which opened 3.85 points better at 1,574.79, fluctuated between 1,574.15 and 1,580.9 throughout the day.
Regionally, other bourses were also steadier with Japan’s Nikkei 225 up 0.43 of a point at 8,569.32, Hong Kong’s Hang Seng surged 425.54 points to 19,233.94 and Singapore’s Straits Times Index improved 40.19 points to 2,814.00.
On the local front, the Finance Index jumped 42.38 points to 14,124.53, the Plantation Index was 44.22 points higher at 8,413.51 while the Industrial Index slipped 17.02 points to 2,744.05.
The FBM Emas Index rose 62.84 points to 10,782.83, the FBM Mid 70 Index advanced 90.62 points to 11,785.71, the FBMT100 increased 60.72 points to 10,611.67 and the FBM ACE Index improved 45.92 points to 4,213.56.
Gainers thumped losers 440 to 273 while 312 counters were unchanged, 526 untraded and 16 others were suspended.
Turnover surged to 979.94 million units, worth RM2.418 billion, from yesterday’s 670.945 million shares valued at RM1.127 billion.
Volume on the Main Market jumped to 753.71 million shares, valued at RM2.381 billion compared with 499.479 million shares, valued at RM1.1 billion, recorded yesterday.
Turnover on the ACE Market improved to 140.991 million units, worth RM24.525 million, from yesterday’s 113.214 million shares worth RM19.338 million.
Total volume for warrants rose to 84.253 million shares, valued at RM11.269 million, from 57.59 million shares, worth RM7.545 million, registered yesterday.
IOI Corp gained 19 sen to RM5.29, Genting was 30 sen higher at RM9.68 and Genting Malaysia improved 20 sen to RM3.60.
Of heavyweights, Maybank eased one sen to RM8.69, Sime Darby rose seven sen to RM9.80, CIMB added two sen to RM7.49 and Petronas Chemicals perked three sen to RM6.38.
Among actives, Luster-WA added two sen to five sen, Luster gained one sen to 8.5 sen while DSC Solutions eased half-a-sen to 19 sen.
Consumer products accounted for 39.001 million shares traded on the Main Market, industrial products 215.377 million, construction 19.33 million, trade and services 262.492 million, technology 15.717 million, infrastructure 35.21 million, finance 92.702 million, hotels 199,600, properties 37.999 million, plantations 25.433 million, mining 37,500, REITs 10.167 million and closed/fund 46,000.