KUALA LUMPUR: Share prices closed bullish with the benchmark FTSE Bursa Malaysia KLCI closing at an all-time high of 1,635.96, up 0.58% or 9.58 points buoyed by buying interest in selected finance and utility bluechips, dealers said.
The market’s previous all-time high was recorded on July 11 at 1,629.45.
A senior technical chartist, Stephen Soo, said buying interest in finance and utilities stock emerged as investors seeked stocks that gave good dividend returns.
He said bullish regional bourses as well as overnight gains on Wall Street helped to lift the local bourse.
“The market also reacted positively to China’s commitment to do more to stimulate its economy,” he told Bernama.
The Finance Index advanced 53.55 points to 14,654.2, Plantation Index rose 29.22 points to 8,849.14 and the Industrial Index was 5.62 points higher at 2,862.53.
The FBM Emas Index jumped 65.24 points to 11,192.67, FBM Ace Index gained 18.26 points to 4,356.62 and the FBMT100 increased 63.46 points to 11,009.01.
Advancers outpaced decliners 476 to 298 while 328 counters closed unchanged, 476 untraded and 13 others were suspended.
Total volume decline to 1.112 billion shares, valued at RM1.509 billion, from 1.29 billion shares valued at RM1.616 billion last Friday.
Among actives, Censof Holdings gained 3.5 sen to 50.5 sen, AT Systematisation added two sen to 23 sen, Ingenuity Solutions-Warr earned half-a-sen to five sen, Astral Supreme gained two sen to 24.5 sen while Luster Industries lost half-a-sen to 11.5 sen.
In heavyweights, Maybank and Sime Darby added one sen each to RM8.79 and RM9.95, respectively, CIMB and Petronas Chemicals gained two sen each to RM7.89 and RM6.57, respectively, and Tenaga advanced 14 sen to RM6.70.
The Main Market volume declined to 784.217 million shares valued at RM1.451 billion from 1.011 billion shares valued at RM1.569 billion registered last Friday.
Turnover on the ACE Market increased to 264.647 million units, worth RM47.716 million, from 218.244 million units worth RM36.996 million, transacted previously.
Warrants rose to 61.945 million shares, valued at RM9.725 million, from last Friday’s 57.983 million shares valued at RM8.711 million.
Consumer products accounted for 41.436 million shares traded on the Main Market, industrial products 207.345 million, construction 36.228 million, trade and services 240.786 million, technology 57.124 million, infrastructure 13.589 million, finance 61.412 million, hotels 872,200, properties 78.281 million, plantations 34.809 million, mining 10,000, REITs 12.265 million and closed/fund 56,800.