KUALA LUMPUR, Feb 11 (Bernama) -- Bursa Malaysia ended higher today as buying on selected blue chips continued, said a brokerage. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.85 points or 0.51 per cent to 1,756.39 from Tuesday’s close of 1,747.54. The barometer index opened 3.69 points higher at 1,751.23 before moving as low as 1,745.51 in early trade to as high as 1,757.15 during the mid-afternoon session. Market breadth was positive with gainers leading losers 575 to 474, while 549 counters were unchanged, 1,087 untraded and 11 suspended. Turnover expanded to 2.55 billion units valued at RM3.06 billion from yesterday’s 2.19 billion units valued at RM2.35 billion.
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:
 |
| Top Gainers |
 |
| Top Losers |
Comments
Post a Comment