KUALA LUMPUR, April 29 – Bursa Malaysia ended slightly higher in volatile trading today, boosted by continued buying support at some heavyweight counters in gaming, oil and gas, and plantations.
The benchmark FTSE Bursa Malaysia KLCI Index (FBM KLCI) climbed 3.12 points, or 0.19%, to 1,600.43 from Thursday’s close at 1,597.31.
The benchmark opened 4.71 points higher at 1,602.02 and traded between 1,595.78 and 1,605.02 throughout the day.
In the broader market, gainers outpaced decliners from 566 to 390, while 448 counters remained unchanged, 884 untraded and another 67 suspended.
Total sales rose to 2.81 billion units worth RM2.07 billion from 2.48 billion units worth RM2.19 billion on Thursday.
Thong Pak Leng, vice president of equity research at Rakuten Trade Sdn Bhd, said major regional markets maintained their upward trend on the back of strong acquisition in tech stocks after big gains on the Nasdaq of the day to day.
As for the local stock market, the psychological bar of 1,600 remained a hurdle due to strong resistance.
“We expect a quiet week of trading due to the Hari Raya and Labor Day holidays. We also expect some profit-taking activity to emerge given the strong resistance at 1600,” he said. he declared to Bernama.
Additionally, Thong said investors could seek out digital banking license winners such as RHB Bank, Aeon Credit and YTL Corp for business opportunities.
Earlier, Bank Negara Malaysia (BNM) announced five consortia namely Boost Holdings Bhd-RHB Bank Bhd, GXS Bank Pte Ltd-Kuok Brothers Sdn Bhd, Sea Ltd-YTL Digital Capital Sdn Bhd, AEON Financial Service Co Ltd-AEON Credit Service (M) Bhd-MoneyLion Inc and KAF Investment Bank Sdn Bhd have obtained Malaysia’s digital banking licenses.
At 5 p.m., RHB Bank was up six sen at RM6.25, Aeon Credit was up 30 sen at RM15.90 and YTL added four sen at 63.5 sen.
Among the heavyweight counters, Maybank gained three sen at RM9.07, Petronas Chemicals was up 12 sen at RM10.22, CIMB was up one sen at RM5.20, while Public Bank lost two sen at RM4.69 and IHH Healthcare slipped four sen to RM6.61.
Among the assets, PUC slipped 3.5 sen to 7.5 sen, Techna-X and MNC Wireless pocketed half a sen to 12.5 sen and three sen respectively, the euro rose 3.5 sen at 21 sen and MN Holdings was one sen higher at 24.5. sen.
On the index chart, FBM 70 added 60.91 points to 13,772.18, FBM Emas index gained 30.60 points to 11,466.08, FBMT 100 index rose 28.13 points to 11,120.50 and the FBM Emas Shariah index climbed 31.75 points to 12,022.28, while FBM ACE fell 7.107 points to 5.67.67.
At the sector level, the financial services index rose by 15.34 points to 16,926.80, the industrial products and services index improved by 0.61 points to 210.03 and the plantations improved 36.10 points to 8,821.01.
Main market volume was slightly lower at 1.66 billion shares worth RM1.83 billion, compared to 1.67 billion shares worth RM1.98 billion on Thursday.
Warrant sales widened to 473.01 million units worth RM95.58 million from 268.65 million units worth RM46.96 million. RM.
ACE market volume jumped to 674.39 million shares worth RM135.61 million from 544.68 million shares worth RM160.10 million previously.
Counters in consumer products and services accounted for 391.07 million shares traded on the main market, industrial products and services (369.40 million), construction (68.20 million), technology (144.40 million ), SPACs (nil), financial services (61.40 million), real estate (130.56 million), plantation (78.19 million), REITs (16.89 million), closed/funds (51,600 ), energy (229.28 million), health (28.24 million), telecommunications and media (31.15 million), transport and logistics (21.53 million), and utilities (93.14 million).
Bursa Malaysia Bhd and its subsidiaries will be closed on May 2, 2022 (Monday) in conjunction with the Labor Day replacement holiday and will also be closed for two additional days on May 3-4 (Tuesday and Wednesday) in conjunction with the Hari Raya Holiday Aidilfitri.
Bursa Malaysia and its subsidiaries will resume operations on May 5, 2022 (Thursday). — Bernama