Shares on Bursa Malaysia closed higher on Friday, bolstered by gains in heavyweights' shares and improved sentiments amid
positive local corporate news, dealers said.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gained 5.19 points to 1,776.56 after hovering between 1,769.77 and 1,779.02 throughout the day.
Advancers led decliners 345 to 344, with 352 counters unchanged, 569 untraded and 16 others suspended.
Turnover fell to 1.58 billion shares worth RM1.44 billion from 1.84 billion shares worth RM1.29 billion recorded yesterday.
Inter-Pacific Research Sdn Bhd Head Pong Teng Siew said two of 2013's biggest upcoming Initial Public Offerings, for UMW Oil Gas Bhd and Westport Bhd, have kept investors' interest alive.
"This local corporate news is helping the market to stay firmer despite a bearish performance by other regional peers," Pong told Bernama.
Today's trading was also helped by gains in heavyweights' shares with investors' attention more on finance stocks like Maybank and Public Bank, he said.
"However, the market was a bit quiet as retail investors were mostly withdrawn from the market following a continued downtrend in small cap shares and penny stocks," Pong added.
On the scoreboard, the Industrial Index rose 7.2 points to 3,061.42, the Finance Index gained 46.02 points to 16,515.47 and the Plantation Index improved 49.7 points to 8,349.82.
The FBM Emas Index added 36.53 points to 12,351.68, the FBMT100 increased 36.69 points to 12,089.17, the FBM 70 Index gained 48.31 points to 14,068.3 but the FBM ACE Index slipped 77.06 points to 5,377.6.
Of the heavyweights, Maybank rose five sen to RM9.87, Axiata fell one sen to RM6.90 and Sime Darby added one sen to RM9.55.
Among actives, The Media Shoppe fell four sen to 12 sen, Sona Petroleum rose half-a-sen to 28.5 sen and Sumatec-WA lost 7.5 sen to 23 sen.
Volume on the Main Market slipped to 1.06 billion shares worth RM1.33 billion from 1.2 billion shares valued at RM1.16 billion on Thursday.
Turnover on the ACE market dwindled to 479.12 million units worth RM98.94 million from yesterday's 563.52 million units worth RM129.35 million.
Total warrants decreased to 26.1 million units valued at RM2.74 million from 30.99 million units worth RM3.04 million yesterday.
Consumer products accounted for 134.12 million shares on the Main Market, industrial products 185.43 million, construction 33.43 million, trade and services 323.24 million, technology 78.09 million, infrastructure 37.17 million, SPAC 83.47 million, finance 55.31 million, hotels 3.42 million, properties
111.83 million, plantations 11.61 million, mining 10,000, REITs 3.9 million and closed/fund 88,100.-- Bernama