KUALA LUMPUR, Dec 29 — Bursa Malaysia ended in an upbeat mode today on window dressing in banking, utilities, and plantation counters.At 5pm, the benchmark FTSE Bursa Malaysia KLCI jumped 11.52 points to end at an intra-day high of 1,491.63 from yesterday’s closing of 1,480.11.
Turnover, however, declined to 2.43 billion units worth RM1.52 billion versus 2.65 billion units worth RM1.82 billion yesterday. Hence, Thong believes global funds will return to east Asia in 2023 and expects Malaysia to benefit from the spillover effects.Among heavyweights, CIMB and RHB perked up 15 sen each to RM5.80 and RM5.75 respectively, Public Bank added five sen to RM4.35, Sime Darby Plantation increased eight sen to RM4.65, and IHH gained 10 sen to RM6.23.Of the actives, Top Glove added 1.5-sen to 91 sen, while EAH, Vinvest and Eduspec were all flat at 1.0 sen, 19.5 sen and 2.0 sen respectively.
The Main Market volume dwindled to 1.40 billion shares worth RM1.25 billion against 1.60 billion shares worth RM1.50 billion yesterday.