The favourable outcome of the general election in Greece, which saw pro-bailout political parties winning an adequate number of parliamentary seats to form a new government, served as a positive impetus for regional equity markets, dealers said.
Gains in heavyweights like British American Tobacco, Petronas Chemicals Group and Telekom Malaysia Bhd, pushed the FTSE Bursa Malaysia KLCI (FBM KLCI) to close 3.5 points higher at 1,582.73.
The barometer index, which opened at 1,583.35, fluctuated between 1,582.25 and 1,588.54 throughout the day.
Regionally, other bourses were also steadier with Japan’s Nikkei 225 up 1.9% to 8,721.02, Hong Kong’s Hang Seng increased 1.0% to 19,427.81 and Singapore’s Straits Times Index improved 0.47% to 2,824.22.
On the local front, the Finance Index jumped 22.38 points to 14,146.91, the Plantation Index was 19.27 points higher at 8,432.78 and the Industrial Index appreciated 15.57 points to 2,759.62.
The FBM Emas Index rose 39.19 points to 10,822.02 and the FBM Mid 70 Index advanced 88.8 points to 11,874.51, but the FBM ACE Index declined 1.81 points to 4211.75.
Gainers thumped losers 500 to 236 while 281 counters were unchanged, 534 untraded and 14 others suspended.
Turnover softened to 941.093 shares worth RM1.637 billion from the 979.94 million units, valued at RM2.418 billion posted on Friday.
Volume on the Main Market eased to 631.07 million shares valued at RM1.594 billion, compared with the 753.71 million shares valued at RM 2.381 billion, recorded last Friday.
Turnover on the ACE Market improved to 190.667 million units worth RM26.685 million from Friday’s closing of 140.991 million shares worth RM24.525 million.
Total volume for warrants rose to 115.918 million shares valued at RM14.595 million from 84.253 million shares worth RM11.269 million registered last Friday.
Of the heavyweights, Maybank gained one sen to RM8.70, Sime Darby also added one sen to RM9.81 and CIMB perked two sen to RM7.51.
Among actives, Flonic Hi-Tech Bhd shed two sen to 10 sen, The Media Shoppe Bhd appreciated half-a-sen to 7.5 sen and GPRO Technologies Bhd edged up 1.5 sen to 10.5 sen.
Consumer products accounted for 29.328 million shares traded on the Main Market, industrial products 165.485 million, construction 32.780 million, trade and services 202.479 million, technology 16.228 million, infrastructure 21.774 million, finance 71.714 million, hotels 786,400, properties 61.497 million, plantations 19.106 million, mining 15,000, REITs 9.853 million and closed/fund 49,700.