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Bursa Malaysia closes to a new all-time high

KUALA LUMPUR: Bursa Malaysia closed higher today with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) advancing 7.59 points to record a new all-time high of 1,892.5.

The FBM KLCI's previous all-time high of 1,892.33 was recorded on June 24.

It also broke the intra-day high of 1,892.33 on June 24, after reaching a high of 1,894.72 and a low 1,885.29 throughout the trading day.

A dealer said the local benchmark today was supported by gains, mostly in heavyweight counters, due to renewed buying interest after it closed easier last week.

Meanwhile, Asian stocks were mixed in cautious trading today due to the economic uncertainty in Thailand and political tension in Indonesia.

Investors in Indonesia are awaiting the outcome of the July 9 election, with a clearer political outlook set to revive appetite in the country's assets.

Meanwhile, Bangkok Bank is expected to report a 14 per cent drop in its April-June net profit from last year, due to slow loans growth and weak non-interest income.

The Finance Index, meanwhile, jumped 126.67 points to 17,346.63 and the Industrial Index inched up 22.82 points to 3,273.89, as the Plantation Index eased 9.31 points to 9,220.44.

The FBM Emas Index climbed 68.73 points to 13,161.41, the FBMT100 Index rose 65.23 points to 12,771.52, the FBM Ace gained 54.93 points to 6,790.3 and the FBM 70 surged 127.6 points to 14,426.62.

Market breadth was positive as advancers outpaced decliners by 491 to 357, with 314 counters unchanged, 452 untraded and 14 others suspended.

Total volume advanced to 1.8 billion units worth RM2.16 billion from last Friday's 1.78 billion shares worth RM1.73 billion.

Among actives, Talam Transform earned half a sen to 11 sen, Jaks Resources improved 5.5 sen to 76 sen, Hubline was flat at 5.0 sen, while Berjaya Corp eased half a sen to 48 sen.

Of the heavyweights, Maybank rose seven sen to RM9.90, Public Bank rose eight sen to RM19.98, TNB was two sen higher at RM12.48 and CIMB climbed nine sen to RM7.26.

Main Market volume increased to 1.48 billion units worth RM2.098 billion, from last Friday's 1.38 billion units worth RM1.66 billion.

Turnover on the ACE market declined to 208.74 million shares valued at RM50.55 million from 321.66 million shares valued at RM60.38 million.

Warrants appreciated to 31.17 million units worth RM4.71 million, from 25.52 million units worth RM3.68 million.

Consumer products accounted for 173.36 million shares traded on the Main Market, industrial products 235.19 million, construction 145.24 million, trade and services 509.16 million, technology 56.79 million, infrastructure 15.6 million, SPAC 23.02 million, finance 64.9 million, hotels 2.31 million, properties 227.55 million, plantations 24.68 million, mining 52,300, REITs 5.81 million and closed/fund 14,000.-- Bernama

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