UALA LUMPUR, Jan 17 (Bernama) -- Bursa Malaysia ended the week on a positive note, in line with most of its regional peers, as bargain hunting boosted the FTSE Bursa Malaysia KLCI (FBM KLCI) after a lacklustre performance over the last few days. At 5 pm, the benchmark index increased 11.18 points to 1,566.72 from Thursday’s close of 1,555.54. The FBM KLCI, which opened 2.11 points easier at 1,553.43, moved between 1,545.67 and 1,569.43 during the day. Market breadth was positive, with gainers leading losers 543 to 434, while 511 counters were unchanged, 889 untraded and 19 others suspended. Turnover decreased to 3.10 billion units valued at RM3.06 billion from Thursday’s 3.57 billion units valued at RM3.15 billion. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the FBM KLCI’s rebound was driven by bargain hunting in utilities, energy, and consumer stocks. ...
KUALA LUMPUR, Jan 16 (Bernama) -- Bursa Malaysia gave up early gains to end at an intraday low on Thursday due to massive foreign selling, and bucking the regional trend in the process. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 6.58 points, or 0.42 per cent, to 1,555.54 from Wednesday’s close of 1,562.12. The benchmark index opened 10.49 points higher at 1,572.61 and rose to an intraday high of 1,576.57 in the early session before succumbing to selling pressure to hit an intraday low of 1,555.54 at closing. Market breadth was negative, with losers leading gainers 517 to 459, while 487 counters were unchanged, 912 untraded and nine others suspended. Turnover increased to 3.57 billion units valued at RM3.15 billion against Wednesday’s 3.40 billion units valued at RM3.08 billion. Rakuten Trade Sdn Bhd equity research vice-presi...