KUALA LUMPUR: Bursa Malaysia closed higher today on the back of bargain-hunting activities with more than two-thirds of the key index components advancing, driven by the calmer market conditions on Wall Street overnight, a dealer said.
“Investors would also be keeping a close tab on the release of Malaysia’s Producer Price Index data tomorrow,” he told Bernama. Likewise, on the broader market, gainers beat decliners 447 to 360, while 459 counters were unchanged, 1,102 untraded and 20 suspended. Of the actives, Widad widened 4.5 sen to 47.5 sen, Leform bagged 1 sen to 24 sen, Sarawak Consolidated expanded 0.5 sen to 54.5 sen, while Kanger and MQ Technology were unchanged at 12.5 sen and 2.5 sen respectively.
Sector-wise, the industrial products and services index was 1.27 points higher at 172.38, the financial services index went up 55.06 points to 16,236.18 and the plantation index expanded 25.34 points to 6,882.58.The Main Market volume was weaker at 1.55 billion units worth RM1.46 billion compared with 1.83 billion units worth RM1.66 billion yesterday.