KUALA LUMPUR: The FBM KLCI ended higher on Wednesday, driven by across-the-board buying interest and in line with a regional rally.
At 5pm, the 30-stock index closed up 8.22 points, or 0.58% at 1,436.98, after hitting an intraday high of 1,438.37.
Activities were encouraging with 2.47 billion shares worth RM1.4bil changed hands. Market breadth was positive with 602 securities ending in the green against 271 that closed lower.
A dealer said most Asian stock markets rose today and sentiment on the local bourse improved, tracking the gains on Wall Street overnight.
Japan’s Nikkei 225 jumped 2.67% to 27,680.26 in its biggest daily gain since May 13.
South Korea’s Kospi added 0.67%, at 2,386.85, its highest since June 28.,
Hong Kong’s Hang Seng Index gained 1.11% to 20,890.22 points.
China’s CSI300 index was up 0.34% at 4,283.8 points while Shanghai Composite index advanced 0.77% to 3,304.72 points.
On Bursa Malaysia, Malaysian Pacific Industries surged RM1.44 to RM30.44, PETRONAS Gas gained 46 sen to RM16.98, Aeon Credit rose 42 sen to RM14.18 and KESM advanced 34 sen to RM6.50.
Among the losers, Dutch Lady fell 40 sen to RM32.50, Genting Plantations eased 23 sen to RM6.41, Nestle lost 20 sen to RM133.60, Hap Seng shed 19 sen to RM7.24.
Meanwhile, the ringgit was quoted at 4.4525 against the greenback, down 0.07%.
The local currency was down 0.1% against the euro at 4.5613. It rose 0.07% against the pound sterling at 5.3450 and climbed 0.09% against the Singapore dollar at 3.1969.