KUALA LUMPUR, Jan 7 (Bernama) -- Bursa Malaysia’s benchmark index rebounded from earlier losses to close at its intraday high on Wednesday, gaining 0.27 per cent in late trading as buying interest returned to selected heavyweights. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 4.48 points to 1,676.83 from Tuesday’s close of 1,672.35. The benchmark index opened 0.88 of-a-point lower at 1,671.47 and subsequently hit a low of 1,665.94 during the mid-morning session before gaining momentum toward closing. On the broader market, losers led gainers by 565 to 512, while some 526 counters were unchanged, 1,046 untraded, and 10 suspended. Turnover improved to 2.73 billion units worth RM2.76 billion versus Tuesday’s 2.66 billion units worth RM2.76 billion. Dealers said that investors were cautious following geopolitical developments in Asia.
FBM KLCI kick off the year with a decline of 8.48 pts to close at 1,752.770.
| FBM KLCI started the year 2015 with a slight drop |
The drop is about 0.48% as the oil price downtrend seems to continue.
Brent crude continues to trade at sluggish levels of US$57 per barrel.
The top gainers for the day are as follow:
Nestle Bhd close at 68.88, up 0.038, Lafarge Malaysia Bhd increase 0.3 to close at 10.06, Hong Leong Financial Group Bhd up by 28 cents to 16.80 while Allianze also by 28 cents to 11.70. Below is the top 10 gainers for the day:
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| Top 10 Gainers |
On the other end, leading the top losers are British American Tobacco with a decrease of RM1.10 to close at RM64, Kuala Lumpur Kepong dropped about 80 cents to RM22, DanaInfra Retail Sukuk also drop 80 cents to RM100. Below are the TOP 10 Losers of the day.
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| Top 10 Losers |
Below are the top 10 Active counters for the day:
According to report from TheEdge, investors are still cautious as crude oil continues to slide.
There is also a downward revision for the end-2015 target for FBM KLCI to 1,720 pts from the previously 1,930 by JF Apex Securities Research and said the local stock market will continue to exhibit choppy trade as long as crude oil price stays sluggish, with the continued weakening of the ringgit against the US dollar.
On the regional front, both the Hong Kong's Hang Seng and South Korea's Kospi were up by 1.07% and 0.57% respectively.



hmmm seems like 2015 is not a good year too huh! hopefully it doesnt get worst!
ReplyDelete30 Days Money Challenge here!!
Not a good start, we still don't know how it goes throughout the year.
ReplyDelete