The benchmark FTSE Bursa Malaysia KLCI surged 33.27 points, or 2.04%, to 1,667.80 from Thursday’s 1,634.53, after opening 0.81 point higher at 1,635.34 in the morning.
Market breadth was positive with gainers outpacing losers by 689 to 285, with 260 counters unchanged, 535 counters untraded and 60 others suspended.
Total volume surged to 2.5 billion shares worth RM4.03 billion from 1.82 billion shares worth RM2.46 billion yesterday.
A dealer said investors moved into selective plantations, consumer, construction, and oil and gas sectors in reaction to the recalibrated Budget 2016 presented yesterday.
Among heavyweights, Sime Darby rose 46 sen to RM8.07, IOI Corp climbed 42 sen to RM4.85, Maybank surged 17 sen to RM8.58 and Tenaga Nasional perked 40 sen to RM13.60.
Among actives, KNM gained 3 sen to 49 sen, Tiger Synergy was flat at 8.5 sen, AirAsia X improved 1 sen to 24.5 sen and AirAsia rose 8 sen to RM1.42.
On the scoreboard, the FBM Emas Index soared 212.5 points to 11,567.65, FBMT100 Index perked 213.03 points to 11,279.86 and the FBM Emas Syariah Index jumped 226.28 points to 12,420.82.
The FBM 70 gained 199.12 points to 12,833.1 and the FBM ACE appreciated 126.65 points to 5,916.96.
On a sectoral basis, the Plantation Index surged 341.68 points to 7,916.2, Industrial Index advanced 89.3 points to 3,320.61 and the Finance Index rose 212.71 points to 13,882.41.
Main Market volume jumped to 1.77 billion units worth RM3.88 billion from Thursday’s 1.24 billion units worth RM2.35 billion.
Turnover on the ACE Market declined to 347.05 million shares valued at RM81.92 million from 347.90 million shares valued at RM74.02 million yesterday.
Warrants improved to 383.95 million units worth RM63.72 million from Thursday’s 231.84 million units worth RM40.29 million.
Consumer products accounted for 185.88 million shares traded on the Main Market, industrial products (311.21 million), construction (75.35 million), trade and services (759.26 million), technology (53.59 million), infrastructure (33.77 million), Spac (26.52 million), finance (115.16 million), hotels
(1.17 million), properties (150.57 million), plantations (43.03 million), mining (20,000), Reits (14.67 million) and closed/fund (31,000).