KUALA LUMPUR, June 18 (Bernama) -- Bursa Malaysia’s key index finished marginally higher, supported by strong buying interest in consumer-related counters, amid mixed performance across regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 1.40 points, or 0.08 per cent, to 1,711.39 from Tuesday's close of 1,709.99. The key index opened 12.36 points firmer at 1,722.35 and moved between 1,711.31 and 1,722.63 throughout the session. Market breadth was negative, with losers leading gainers 678 to 493, while 549 counters were unchanged, 1,016 untraded and 34 suspended. Turnover increased to 4.50 billion units worth RM3.45 billion from 3.93 billion units worth RM3.45 billion on Tuesday.
It has been a rather frustrating week for Bursa Malaysia...the negative sentiments of the lower oil prices, weaker Ringgit has been very bad for FBM KLCI.
It was a great relief as the benchmark open with a slight drop.
The rebound is most likely due to the oversold in previous days.
Of course, many are still wary of the market and predict that the downtrend might continue with the oil price continued to be under pressure.
It is also important to take note of the weaker ringgit against the USD, at 3.4698.
On the other hand, most of the Asian counters rose slightly. China’s Shanghai Composite gained 1.32% while Hong Kong’s Hang Seng Index advanced 0.71%.
Here are the top gainers and top losers:
But there was some improvement today as the stock market close at 1749.37 points (+3.68 points/0.21% higher).
It was a great relief as the benchmark open with a slight drop.
The rebound is most likely due to the oversold in previous days.
Of course, many are still wary of the market and predict that the downtrend might continue with the oil price continued to be under pressure.
It is also important to take note of the weaker ringgit against the USD, at 3.4698.
On the other hand, most of the Asian counters rose slightly. China’s Shanghai Composite gained 1.32% while Hong Kong’s Hang Seng Index advanced 0.71%.
Here are the top gainers and top losers:
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| Top Gainers |
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| Top Losers |
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