Share prices on Bursa Malaysia ended higher on Wednesday, buoyed by the overnight rally in US stocks.Dealers said signs of the US housing market bottoming-out also boosted sentiment but gains were limited with profit taking among heavyweights.
They said the release of Bank Negara Annual Report 2009 at 6 pm today could have some impact on the market as investors would see the central bank's gross domestic product (GDP) projection for this year.
The benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index advanced 4.60 points to 1,309.45, after opening 4.91 points higher at 1,309.76.
The Finance Index surged 95.601 points to 11,679.78, the Plantation Index gained 15.48 points to 6,409.5 and the Industrial Index rose 14 points to 2,640.94.The FBM Emas Index advanced 45.109 points to 8,829.81 and the FBM70 increased 64.311 points to 8,656.74 and the FBM Ace Index rose 50.89 points to 4,208.39.
Advancers outpaced decliners by 453 to 255 while 295 counters were unchanged, 344 untraded and 30 others suspended.
Turnover increased to 1.136 billion shares worth RM1.688 billion from 907.73 million shares worth RM1.487 billion yesterday.
Among heavyweights, Maybank gained four sen to RM7.45, Sime Darby rose two sen to RM8.52, CIMB Group Holdings increased 26 sen to RM13.74 and Maxis was flat at RM5.35.Among active stocks, Integrated Rubber Corporation slipped three sen to RM1.17, AE Multi Holdings added 6.5 sen to 76.5 sen, Time Dotcom perked 5.5 sen to 49.5 sen and Privasia Technology was flat at 9.5 sen.
Turnover on the Main Market increased to 967.016 million shares valued at RM1.639 billion from 791.469 million shares valued at RM1.463 billion yesterday.
The Ace market volume was higher at 97.48 million shares worth RM14.1 million from 66.838 million shares worth RM9.23 million yesterday.Warrants increased to 41.08 million units valued at RM9.005 million from 31.83 million units valued at RM4.66 million yesterday.
HAPPY TRADING
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