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.
The FBM KLCI closed 0.13% lower today at 1,663.200 as the index is weighed by losses in index-linked plantation stocks, making it the second consecutive day of decline.
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| FBMKLCI closed at 1,663.200 |
The Finance Index increased 0.46% to 14121.1 points, the Properties Index up 0.35% to 1213.34 points and the Plantation Index down 1.22% to 7521.61 points. The market traded within a range of 12.26 points between an intra-day high of 1670.03 and a low of 1657.77 during the session.
The index was dragged by losses in plantation stocks such as IOI Corp Bhd, PPB Group Bhd and Kuala Lumpur Kepong Bhd. The inventory numbers released by the Malaysian Palm Oil Board (MPOB) yesterday were higher than expected, which did not bode well for the commodity's prices.
Across the board, a total of 2.14 billion shares worth RM1.85 billion were traded. Gainers beat decliners with 476 versus 409, while 353 counters were unchanged.
The most active stock was Instacom Group Bhd.
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| Top 3 Active counters today |
The gainers were led by Tien Wah Press Holdings Bhd, while Petronas Dagangan Bhd led the decliners.
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