KUALA LUMPUR: Bursa Malaysia ended higher today, in line with most regional markets, after the World Bank raised its growth forecasts for East Asia and the Pacific, including Malaysia, for 2017 and 2018.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 2.17 points, or 0.12%, to 1,761.84 from Tuesday's close of 1,759.67.
The index opened 0.14 of-a-point better or at 1,759.81 and moved between 1,758.82 and 1,762.71 throughout the day.
On the broader market, gainers outpaced losers by 454 to 393, while 401 counters were unchanged, 591 untraded and 18 others suspended.
Volume rose to 2.25 billion units worth RM1.83 billion from 2.17 billion units worth RM2.07 billion on Tuesday.
The World Bank today revised Malaysia's economic growth forecast upwards for this year to 5.2% from the initial forecast of 4.3%, on the back of a much stronger-than-expected actual growth of 5.7% in the first half of 2017.
Meanwhile, the Washington-based international financial institution expects the developing East Asia and Pacific region, which includes China, to grow 6.4% in 2017 and 6.2% in 2018.
Regionally, Japan's Nikkei went up 0.06% to 20,626.66, Hong Kong's Hang Seng rose 0.73% to 28,379.18 but Singapore's Straits Times Index eased 0.31% to 3,236.17.
Back home, heavyweights Sime Darby added one sen to RM9.05, Petronas Chemicals and Axiata went up two sen to RM7.31 and RM5.30, respectively, while CIMB increased five sen to RM6.41.
Maybank and IHH Healthcare declined one sen to RM9.55 and RM5.72, respectively, while TNB and Public Bank both fell two sen to RM14.28 and RM20.58, respectively.
The FBM Emas Index advanced 15.89 points to 12,556.65, the FBMT 100 Index expanded 14.4 points to 12,214.0, the FBM Emas Shariah Index improved 13.59 points to 12,795.91, the FBM 70 went up 15.13 points to 15,017.66 and the FBM Ace climbed 31.89 points at 6,642.73.
Sector-wise, the Plantation Index rose 8.29 points to 7,911.1, the Finance Index put on 38.38 points to 16,565.38 and the Industrial Index edged down 0.04 of-a-point to 3,204.07.
Among active counters, Palette Multimedia surged 12.5 sen to 34.5 sen, Sino Hua-An was three sen higher at 22 sen, Hubline was flat at 11.5 sen while Tiger Synergy and MLabs inched down half-a-sen to five sen and 10.5 sen, respectively.
The Main Market volume eased to 1.22 billion units worth RM1.61 billion from 1.32 billion units worth RM1.96 billion on Tuesday.
Volume on the ACE Market rose to 854.18 million shares valued at RM193.59 million from 662.53 million shares valued at RM84.91 million yesterday.
Warrants volume was slightly lower at 174.99 million units worth RM25.03 million from 177.99 million units worth RM24.53 million.
Consumer products accounted for 70.07 million shares traded on the Main Market, industrial products (381.43 million), construction (81.01 million), trade and services (376.70 million), technology (63.91 million), infrastructure (5.68 million), SPAC (11.70 million), finance (43.30 million), hotels (2.05 million), properties (151.31 million), plantations (24.14 million), mining (0), REITs (7.52 million), and closed/fund (13,000). — Bernama
SRH SRH NN
Wednesday, 04 October 2017
Bursa M'sia ends higher
http://www.thesundaily.my/news/2017/10/04/bursa-msia-ends-higher
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