SHARES finished higher on Bursa Malaysia yesterday with the FTSE Bursa Malaysia KLCI (FBM KLCI) closing at a new high of 1,814.11 points, surpassing the previous all-time high of 1,810 recorded on July 4, dealers said.
Interpacific Research head of research Pong Teng Siew said the better performance was due to persistent buying in selected blue chips and key heavyweights led by SapuraKencana, ahead of tomorrow's 2014 Budget announcement.
Contributing 2.375 points to the key index, SapuraKencana's shares surged 22 sen, or 5.39 per cent, to RM4.30.
On the scoreboard, the Finance Index increased 18.08 points to 16,853.19, the Industrial Index gained 14.94 points to 3,115.3 and the Plantation Index rose 39.6 points to 8,468.61.
The FBM Emas Index chalked up 61.63 points to 12,619.72, the FBMT100 Index soared 60.42 points to 12,345.66 and the FBM 70 Index added 23.86 points to 14,370.63. However, the FBM ACE Index fell 27.54 points to 5,535.42.
Market breadth was positive with gainers thumping losers 474 to 330, with 341 counters unchanged, 478 untraded and 15 others suspended.
Among the heavyweights, CIMB added seven sen to RM7.66, Maybank and Petronas Chemicals added one sen each to RM9.96 and RM7.12, respectively, Axiata Group was flat at RM6.91, but Sime Darby lost two sen to RM9.56.
Meanwhile, FBM KLCI futures contracts on Bursa Malaysia Derivatives closed broadly higher, supported by buying interest from local investors.
Spot month October 2013 gained nine points to 1,815, November 2013 rose 7.5 points to 1,813.5, December 2013 increased eight points to 1,814, and March 2014 added 6.2 points to 1,809. Bernama