Buying interest was active across the board on rising optimism of a recovery in the global economy, said an analyst.
The marke's attention was also on the subdued inflation in China.
"All this good news helped bring buyers back into the markets," the analyst said, adding that regional markets also performed well after Europe's pledge to help Greece out of its debt crisis.
However, the market volume was thin ahead of the extended weekend. Bursa Malaysia will reopen on Wednesday after the Chinese New Year holiday.
The Finance Index rose 62.05 points to 10,946.04, the Industrial Index increased 11.63 points to 2,588.07 and the Plantation Index was up 17.35 points to 6,204.5.
The FBM Emas Index gained 38.74 points to 8,436.33, the FBM70 Index was up 53.58 points to 8,281.51 and the FBM ACE Index rose 71.76 points to 4,328.97.
Market breadth was positive with gainers thrashing decliners 479 to 142 while 241 counters were unchanged, 467 untraded and 26 others suspended.
Total volume decreased to 560.587 million shares worth RM811.432 million from 646.353 million shares worth RM881.907 million yesterday.
Of heavyweights, Sime Darby was up two sen to RM8.40, Maybank added seven sen to RM6.90, CIMB Group increased six sen to RM12.42, IOI Corporation rose one sen to RM5.22 but Maxis fell two sen to RM5.38.
Among major gainers, Nestle rose 64 sen to RM33.80, KKB Engineering increased 45 sen to RM3.85, Malaysia Smelting Corporation went up 43 sen to RM3.80, Goh Ban Huat moved up 30 sen to RM2.00 and Hai-O Enterprise increased 28 sen to RM9.10.
The FBM KLCI futures contract on Bursa Malaysia Derivatives closed lower, dealers said.
Spot month February 2010 fell 7.5 points to 1,244.5, March 2010 lost 3.5 points to 1,242.5, June 2010 dropped 3.0 points to 1,238.5 and September 2010 declined 3.5 points to 1,233.0.
Turnover, however, was higher at 4,863 lots compared with 4,510 lots on Thursday while open interest rose to 18,209 contracts from 17,973 contracts previously.
No comments:
Post a Comment