Shares on Bursa Malaysia closed higher in cautious trading today supported by continued buying interest in selected heavyweights, dealers said.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.32 points to end at 1,770.35 after hovering between 1,769.97 and 1,774.68 throughout the day.
Advancers led decliners 380 to 368, with 323 counters unchanged, 524 untraded and 14 others suspended.
Turnover rose to 1.9 billion shares, worth RM1.59 billion, from 1.77 billion shares, worth RM1.62 billion, recorded yesterday.
Inter-Pacific Research Sdn Bhd Head Pong Teng Siew said the local bourse's performance was almost in tandem with the performance of other regional markets.
"Asian markets did not react negatively to US shutdown, as they viewed it as a temporary set-back. So, they are not in a "hurry-selling mode," he told Bernama.
Pong said the uncertainties over the US economic recovery would drag until October 17, when the US government meets it debt limit of US$16.7 trillion.
On the scoreboard, the Industrial Index fell 1.64 points to 3,038.4, the Finance Index gained 30.38 points to 16,429.38 and the Plantation Index rose 38.45 points to 8,354.29.
The FBM Emas Index gained 14.41 points to 12,315.84, the FBMT100 added 15.72 points to 12,053.6, the FBM 70 Index increased 46.07 points to 14,054.61 but the FBM ACE Index slipped 38.77 points to 5,485.80.
Heavyweights, Maybank and Axiata improved one sen each to RM9.81 and RM6.90, respectively, while CIMB slipped two sen to RM7.48.
Among actives, The Media Shoppe and Sona Petroleum-WA declined one sen each to 17 sen and 29.5 sen, respectively, while Karambunai-ORD added half-a-sen to 6.6 sen.
Volume on the Main Market stood at 1.24 billion shares, worth RM1.44 billion, from 1.24 billion shares, valued at RM1.48 billion, recorded on Tuesday.
Turnover on the ACE market rose to 619.26 million units, worth RM139.6 million, from yesterday's 475.11 million units worth RM134.17 million.
Total warrants decreased to 34.77 million units, valued at RM3.77 million, from 45.73 million units, worth RM4.21 million, transacted Tuesday.
Consumer products accounted for 107.32 million shares on the Main Market, industrial products 164.5 million, construction 43.13 million, trade and services 274.48 million, technology 114.4 million, infrastructure 40.45 million, SPAC 129.98 million, finance 65.9 million, hotels 3.26 million, properties 264.2 million, plantations 25.86 million, mining 136,900, REITs 5.74 million, and closed/fund 12,000.-- Bernama