BURSA Malaysia closed higher yesterday on improved investor sentiment, fuelled by the overnight jump on the Wall Street and in European stocks.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended 7.72 points, or 0.41 per cent, higher at 1,886.84, after hovering between 1,877.84 and 1,886.84.
A dealer said the sentiment is expected to be more cautious today as the US government would release its non-farm payroll data and trade balance figures.
The Finance Index rose 28.97 points to 17,240.11, Plantation Index firmed 38.76 points to 9,232.99 and the Industrial Index gained 13.19 points to 3,251.77.
The FBM Emas Index edged up 59.65 points to 13,089.33, FBMT100 Index improved 55.69 points to 12,713.53, FBM ACE Index rose 37.98 points to 6,735.08 and the FBM 70 soared 76.6 points to 14,284.79.
Market breadth was positive as advancers outpaced decliners by 470 to 336, with 325 counters unchanged, 478 untraded and 17 others suspended.
Total volume appreciated to 1.87 billion units worth RM2.04 billion from Tuesday’s 1.71 billion shares worth RM1.654 billion.
Meanwhile, the FBM KLCI futures contracts on Bursa Malaysia Derivatives closed higher, tracking the firmer cash market.
Phillip Futures Sdn Bhd dealer Ahmad Danial Zainudin said the FBM KLCI was fuelled by the overnight jump in Wall Street and European stocks, buoyed by indication of modest growth in European job market data.
Spot month July 2014 rose 5.0 points to 1,888.5, August 2014 added 5.5 points to 1,888.5, September 2014 edged up 6.0 points to 1,885.5 and December 2014 added 5.0 point to 1,883.
Turnover firmed slightly to 2,973 lots from 2,555 lots on Tuesday while open interest widened to 32,769 contracts from 32,340 contracts previously. Bernama
- Investment & Company Information