KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia's key index closed at an intraday high today, supported by continued buying interest even as renewed geopolitical tensions and a weaker overnight lead from Wall Street following the US Federal Reserve's (Fed) decision to stand pat on interest rates weighed on broader sentiment. The Fed has decided to hold rates steady for the fifth consecutive meeting, with the Federal Funds Rate unchanged between 3.50 per cent and 3.75 per cent. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.84 points to 1,720.40 from yesterday’s close of 1,715.56. The benchmark index, which opened 1.14 points lower at 1,714.42, hit its lowest level of 1,710.69 in early trade before gaining momentum for the rest of the day. However, the broader market was negative with losers outpacing gainers 581 to 411, while 612 counters were unchanged, 1,173 untraded, and 87 suspended. Turnover declined to 2.49 billion units valued at RM2.25 billion from ...
It's a strange day for Bursa Malaysia today as FBM KLCI opened weaker but managed to climb at the 11th hour to close at 1,686.11. The index erased losses from its intraday low of 1,680.79.
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| FBM KLCI closed slightly higher at 1,686.11 |
This is amid a weaker ringgit at 4.3763 against the US dollar. The US dollar is strengthened after a convincing data on the US employment rate last week as the data is pointing towards a potential US interest rate hike in December by Fed.
In the country, the weaker Ringgit directed the focus and spotlight on the export-based companies.
Across Bursa Malaysia, there were 434 gainers versus 469 decliners. The exchange saw 2.1 billion shares worth RM1.7 billion traded.
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| TOP 3 ACTIVE counters |
Bumi Armada Bhd is the most actively traded counter for the day, due to the rumour of the MISC FPSO merger. The counter closed at 1.11, 0.115 higher than Friday.
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| TOP 3 GAINER for the day |
Kuala Lumpur Kepong Bhd has the honor to be the top gainer for the day, with an increase of 40 cents to 23.40, followed by Top Glove that continued its' momentum with another 32 cents increase to close at 9.72.
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| Nestle was the TOP LOSER with a drop of 66 cents |
Nestle (M) Bhd was the biggest decliner with a drop of 66 cents to close at 72.40.
Bursa Malaysia will be closed for the Deepavali holiday tomorrow and trading will resume on Wednesday (11/11/2015).
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