At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 15.48 points, or 1.07%, to 1,465.80 from yesterday’s close of 1,450.32.
The market bellwether, which opened 0.77 of-a-point higher at 1,451.09, moved between 1,450.73 and 1,468.48 throughout the day.
On the broader market, gainers outpaced losers 580 to 278, while 414 counters were unchanged, 1,024 not traded, and eight others suspended.
However, total turnover declined to 2.05 billion units worth RM1.55 billion from 2.13 billion units valued at RM1.38 billion yesterday.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said investor sentiment improved with the return of foreign funds amid positive factors across the region.
He noted that key regional indices mostly trended higher in sync with the upbeat Wall Street performance overnight.
“We expect the FBM KLCI to continue its uptrend in the near term,” he said.
“As such, we anticipate the benchmark index to move within the 1,460 to 1,480 range next week, with immediate resistance at 1,500 and support at 1,430,” he told Bernama.
Among heavyweights, Maybank gained 11 sen to RM8.81, Public Bank rose 13 sen to RM4.57, IHH Healthcare improved a sen to RM6.48, CIMB Group added nine sen to RM5.25, while Petronas Chemicals slipped 12 sen to RM8.60.
Of the actives, Bintai Kinden Corporation added half-a-sen to 11 sen, Cypark Resources gained a sen to 36.5 sen, TWL Holdings was 1.5 sen firmer at seven sen, while MY E.G. Services and Top Glove eased half-a-sen each to 77 sen and 99.5 sen, respectively.
On the index board, the FBM Emas Index rose 101.94 points to 10,301.91, the FBM Emas Shariah Index increased 110.34 points to 10,409.75, the FBM 70 was 153.06 points higher at 12,384.09, the FBMT 100 Index climbed 99.96 points to 10,059.10, and the FBM ACE improved 54.67 points to 4,743.09.
Sector-wise, the plantation index added 109.27 points to 6,898.53, the financial services index gained 149.56 points to 16,216.42, the energy index was 5.05 points higher at 636.84, and the industrial products and services index edged up 3.11 points to 176.98.
The main market volume declined to 1.22 billion shares worth RM1.20 billion against 1.65 billion shares worth RM1.20 billion yesterday.
Warrants turnover dipped to 300.45 million units valued at RM61.07 million versus 328.62 million units valued at RM76.62 million yesterday.
The ACE Market volume swelled to 607.10 million shares worth RM118.95 million from 483.39 million shares worth RM131.05 million previously.
Consumer products and services counters accounted for 198.01 million shares traded on the main market, industrial products and services (449.99 million), construction (29.65 million), technology (173.33 million), SPAC (nil), financial services (43.06 million), property (94.84 million), plantation (22.78 million), REITs (4.75 million), closed/fund (2,000), energy (79.01 million), healthcare (73.09 million), telecommunications and media (26.37 million), transportation and logistics (15.11 million), and utilities (10.66 million).