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KUALA LUMPUR: Bursa Malaysia closed on a firm note Wednesday while buying Press Metal
, Hartalega and Top Glove underpinned the advancement of FBM KLCI.
At 5 p.m., the KLCI was up 9.42 points, or 0.58%, to 1,644.41. The turnover was 7,810 million shares valued at RM3.65bil. The overtakers led the declines 656 to 508 while 465 counters did not change.
Investor appetite for risk increased following the rally in major Asian markets, with Hong Kong, China and South Korea among the top winners.
In Bursa, despite some profit-taking in the last hour of trading, last-minute buying helped the KLCI to close higher.
Consumer stocks mixed with F&N rising 96 sen to RM32.68 and Dutch Lady 78 sen to RM37.88 but Heneiken fell 24 sen to RM23.20.
Press Metal rose 50 sen to RM8.50, MISC rose 14 sen to RM6.92 but Tenaga fell six sen to RM10.52.
Among glove manufacturers, Hartalega added 26 sen to RM12.20 and Top Glove 11 sen to RM6.12 but Supermax dropped eight sen to RM5.98. Kossan lost 10 sen to RM4.60.
Bernama reported that the crude palm oil futures contract for January 2021 rose $ 44 to end at $ 3,878 per ton, February 2021 was $ 42 higher to $ 3,764 per ton, March 2021 increased $ 35 to $ 3,588 per ton, and April 2021 added $ 42 to RM3,455 per ton.
Regarding plantations, PPB Group rose 24 sen to RM18.86 and Sime Plantation 10 sen to RM5.17, but IOI Corp lost five sen to RM4.40 and KL Kepong unchanged at RM24.20. Genting Plantations fell 14 sen to RM9.85.
Petronas Chemicals gained 13 sen at RM7.50 and Petronas Dagangan 10 sen at RM21.40 while Petronas Gas held steady at RM17.34.
Among banks, CIMB added three sen to RM4.38, Public Bank was stable at RM20.70 but Maybank lost one sen to RM8.57.
KPower charged 58 sen more to RM7.28 as investors were optimistic about its outlook, Euro Holdings 57 sen to RM2.88 while CN Asia rose 43 sen to RM2.11.
Toyo Ventures also ended on a higher note. It reached the limit in trading early, increasing 30 sen to RM1.30, after it finally executed the build, operate and transfer (BOT) contract with the Ministry of Industry and Commerce of Vietnam.
The contract was to build the US $ 3.23bil Song Hau 2 Thermal Power Plant project, which was first announced in 2008.
Chipmaker MPI ended the day 48 sen to RM24.88 but Vitrox lost 18 sen to RM14.64.
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