Shares on Bursa Malaysia closed firmer at the end of the afternoon session today, as investors continue their buying
support on the back of the country's better industrial production data, which was released earlier today, dealers said.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.53 points to 1,768.48, pushed up by gains mostly in Axiata.
However, mild profit-taking in counters like Maybank and UMW Holdings capped some of the earlier gains.
The ringgit's appreciation at close is also a sign that foreign investors are returning to the market.
Yesterday, the local bourse saw foreign funds accounting for 31.2 per cent trading participation, while local institutions stood at 48.27 per cent and local retail players at 20.53 per cent.
The Statistics Department said Malaysia's Industrial Production Index (IPI) grew by 7.6 per cent in July when compared with the same month a year ago, boosted by manufacturing, mining and electricity.
As for the ringgit, it rebounded further and closed at 3.2600/2630 to a US dollar today after hitting a 27-month low at RM3.33 to a US dollar on August 27.
The benchmark index, which opened at 1,769.8, moved between 1,763.05 and 1,776.11.
Meanwhile, it was a mixed trend across the region, with Japan's Nikkei 225 gaining 1.71 points to 14,425.07, while Hong Kong's Hang Seng declined 39.51 points to 22,937.14 and Singapore's Straits Times slipped 15.7 points to 3,108.19.
Back to the scoreboard, the Industrial Index rose 20.3 points to 3,010.74, the Finance Index added 2.092 points to 16,550.38 and the Plantation Index added 3.729 points to 8,280.93.
The FBM Emas Index was 23.63 points higher at 12,255.14, the FBMT100 gained 26.65 points to 12,009.92, the FBM 70 Index advanced 41.78 points to 13,876.16 and the FBM ACE Index garnered 11.82 points to 5,095.88.
Gainers led losers by 402 to 384, with 289 counters unchanged, 505 untraded and 15 others suspended.
Turnover rose to 1.99 billion units worth RM2.227 billion from yesterday's closing at 1.811 billion shares worth RM2.402 billion.
Volume on the Main Market rose to 1.685 billion shares valued at RM2.166 billion compared to yesterday's closing at 1.381 billion units worth RM2.331 billion.
Turnover on the ACE market however slipped to 258.794 million units worth RM55.854 million from Tuesday's closing of 360.812 million shares worth RM62.007 million.
Total warrants also declined to 45.548 million shares valued at RM5.071 million from 67.297 million units worth RM8.252 million Tuesday.
Among actives, Green Packet-warrants gained five sen to 19 sen, Integrated Rubber-WA edged up 2.5 sen to 28 sen and Integrated Rubber rose 3.5 sen to 39.5 sen.
Leading the gainers were British American Tobacco, which garnered 42 sen to RM63.42, AEON Credit was up 36 sen to RM16.70 and PPB Group gained 30 sen to RM14.38.
For heavyweights and blue chips, Maybank slipped two sen to RM10.06, CIMB shed three sen to RM7.50 and UMW Holdings lost 50 sen to RM12.34.
Axiata gained eight sen to RM6.84, Sime Darby advanced five sen to RM9.53 and Petronas Chemicals rose four sen to RM6.74.
Consumer products accounted for 93.302 million shares on the Main Market; industrial products 398.05 million; construction 71.997 million; trade and services 619.252 million; technology 250.537 million; infrastructure 30.824 million; SPAC 59.707 million; finance 55.211 million; hotels 515,500; properties
81.307 million; plantations 14.876 million; mining 36,000; REITs 8.841 million; and closed/fund 81,400.-- Bernama