Shares prices on Bursa Malaysia finished on a firm note today, with the FTSE Bursa Malaysia KLCI's (FBM KLCI) closing at a new high of 1,818.93, surpassing yesterday's all-time high of 1,814.11.
Etiqa Insurance and Takaful Bhd's head of research, Chris Eng, said the bullish performance was driven by strong buying interests in selected heavyweights such as Petronas-linked stocks and Tenaga Nasional.
The market barometer, which gained 4.82 points from yesterday's close, fluctuated between 1,817.41 and 1,822.17 throughout the day.
Eng said Tenaga Nasional's gains, on prospects of reporting fairly strong financial results at the end of this month, helped push the FBM KLCI up.
However, he said, although Petronas-linked stocks, such as Petronas Dagangan which was among the top gainers of the day, they were overpriced.
He said the market expected the FBM KLCI to hit 1,826.22, which was intra-day high recorded on May 6, 2013 in the near term.
Total volume slipped to 1.52 billion shares valued at RM1.657 billion from 1.711 billion shares valued at RM2.123 billion yesterday.
There were 419 losers, 344 gainers, 323 counters were unchanged, 537 untraded and 28 others were suspended.
On the scoreboard, the Finance Index increased 18.49 points to 16,871.68 and the Plantation Index rose 60.569 points to 8,529.18.
The Industrial Index, however, fell 1.08 points to 3,114.22.
The FBM Emas Index chalked up 19.8 points to 12,639.52, FBMT100 Index surged 22.79 points to 12,368.45 and the FBM ACE Index added 36.17 points to 5,571.59.
The FBM 70 Index lost 14.74 points to 14,355.89.
Among actives, The Media Shoppe rose half sen to nine sen, AT
Systematization added 3.5 sen to 33.5 sen and Xidelang gained 2.5 sen to 40.5 sen.
Of the heavyweights, Maybank, Axiata and CIMB improved one sen each to RM9.97, RM6.92 and RM7.67, respectively.
Volume on the Main Market declined to 1.019 billion units valued at RM1.568 billion from 1.391 billion shares valued at RM2.049 billion on Wednesday.
Turnover on the ACE market rose to 467.241 million shares worth RM83.774 million from 279.576 million shares worth RM67.684 million yesterday.
Warrants fell to 29.461 million units valued at RM3.636 million from 37.226 million units valued at RM5.108 million on Wednesday.
Consumer products accounted for 157.146 million shares on the Main Market, industrial products 126.932 million, construction 40.818 million, trade and services 358.917 million, technology 55.599 million, infrastructure 25.023 million, SPAC 23.24 million, finance 51.964 million, hotels 2.764 million,
properties 142.952 million, plantations 26.803 million, mining 5,000, REITs 7.752 million and closed/fund 47,000.-- Bernama