KUALA LUMPUR, March 10 (Bernama) -- Bursa Malaysia rebounded to end higher today with the benchmark FBM KLCI reclaiming the 1,700 psychological level, supported by improved global sentiment after US President Donald Trump signalled a potential de-escalation of the Iran conflict, alongside Malaysia’s stronger Industrial Production Index (IPI) data. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 27.51 points, or 1.64 per cent, to 1,701.68 from yesterday’s close of 1,674.17. The benchmark index opened 10.68 points higher at 1,684.85, its lowest point today, and hit a high of 1,703.61 in the late afternoon session. Market breadth was positive, with gainers thumping losers 929 to 382. A total of 361 counters were unchanged, 982 untraded and 19 suspended. Turnover declined to 3.60 billion units worth RM3.75 billion from yesterday’s 5.52 billion units worth RM5.87 billion.
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.
| 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.
| 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.
| 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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