KUALA LUMPUR, May 4 (Bernama) -- Bursa Malaysia ended at an intraday high on broad-based buying, reflecting improving sentiment on the local front, analysts said. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said key regional indices also ended higher, supported by strong gains in AI-related and technology stocks, as investors continued to rotate into growth sectors amid improving global risk appetite. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 17.75 points, or 1.03 per cent, to close at 1,739.77 from Thursday’s close of 1,722.02. The benchmark index, which opened 6.72 points firmer at 1,728.74, hit its lowest level of 1,725.01 in early trade before gaining momentum for the rest of the day. Market breadth was positive with gainers leading losers 668 to 494. A total of 582 counters were unchanged, 877 were untraded, and 24 were suspended.
KUALA LUMPUR, April 30 (Bernama) -- Last-minute buying lifted Bursa Malaysia’s benchmark index, reversing earlier losses as higher oil prices boosted sentiment for energy- and chemical-related counters. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said regional markets remained under pressure following negative cues from Wall Street, compounded by surging oil prices, mixed earnings, and a cautious US Federal Reserve stance. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 1.60 points, or 0.09 per cent, to 1,722.02 from Wednesday’s close of 1,720.42. The benchmark index opened marginally lower at 1,720.23 and moved between a low of 1,712.14 and a high of 1,722.03 throughout the day. Market breadth, however, was negative, with losers trouncing gainers 816 to 360. A total of 546 counters were unchanged, 950 were untraded, and 77 were suspended. Turnover declined to 2.91 billion un...