Gains in consumer and banking stocks pushed the FTSE Bursa Malaysia KLCI (FBM KLCI) to cross the important 1,590 level and closed 12.25 points higher at 1,594.98.
The barometer index, which opened at 1,581.27, fluctuated between 1,581.27 and 1,594.98 throughout the day.
A dealer said although most regional markets were lower on recurring concern that the eurozone crisis is far from over, European and US equities trended higher on positive sentiment over the Spanish debt auction, and a meeting of the US Federal Reserve later today.
On the local front, the Finance Index jumped 84.65 points to 14,231.56, the Plantation Index was 37.77 points higher at 8,470.55 and the Industrial Index appreciated 28.34 points to 2,787.96.
The FBM Emas Index rose 80.40 points to 10,902.42, the FBM Mid 70 Index advanced 73.10 points to 11,947.61 and the FBM ACE Index edged up 24.04 points to 4,235.79.
Gainers thumped losers 467 to 264 while 300 counters were unchanged, 519 untraded and 13 others suspended.
Turnover softened slightly to 932.560 million shares worth RM1.459 billion from the 941.093 million units valued at RM1.637 billion posted yesterday.
Volume on the Main Market eased to 625.094 million shares valued at RM1.413 billion, compared with the 631.07 million shares valued at RM1.594 billion, recorded yesterday.
Turnover on the ACE Market dipped to 174.580 million units worth RM28.466 million from yesterday’s close of 190.667 million shares worth RM26.685 million.
Total volume for warrants rose to 130.228 million shares valued at RM17.614 million from the 115.918 million shares worth RM14.595 million registered previously.
For the actives, Naim Indah Corp Bhd inched up half-a-sen to 29 sen, Metronic Global Bhd also added half-a-sen to 12 sen, while GPRO Technologies Bhd appreciated 1.5 sen to 12 sen.
Among heavyweights, Maybank, CIMB and Sime Darby all rose four sen each to RM8.74, RM9.85 and RM7.55, respectively.
Consumer products accounted for 35.87 million shares traded on the Main Market, industrial products 149.06 million, construction 35.66 million, trade and services 216.27 million, technology 16.0 million, infrastructure 16.22 million, finance 50.07 million, hotels 652,900, properties 78.12 million, plantations 14.14 million, mining 3,000, REITs 12.85 million and closed/fund 162,500.