KUALA LUMPUR, Jan 28 (Bernama) -- Bursa Malaysia snapped its five-day winning streak to close lower on Wednesday, as investors took profit following a cumulative gain of 4.25 per cent over the past five sessions, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 14.76 points or 0.83 per cent to 1,756.49 from Tuesday’s close of 1,771.25. The market bellwether opened 1.46 points lower at 1,769.79, marking the day’s high, and hit a low of 1,750.05 during the mid-afternoon session. Market breadth was negative with losers trouncing gainers 876 to 384, while 525 counters were unchanged, 964 untraded and 94 suspended. Turnover improved to 3.65 billion units worth RM4.41 billion from Tuesday's 3.58 billion units worth RM4.46 billion.
The FBM KLCI index gained 1.83 points or 0.11% on Friday. The Finance Index increased 0.32% to 14078.27 points, the Properties Index up 0.25% to 1198.25 points and the Plantation Index rose 0.61% to 7498.52 points. The market traded within a range of 6.35 points between an intra-day high of 1663.48 and a low of 1657.13 during the session.
It is a good way to end the week with a gain in the market after a rather downward trend at the beginning of the week. The FBM KLCI index closed at 1,661.890, a gained of 1.83 points today. It is also an increase of 2.98 points compared to last Friday (13 November 2015), so that makes the closing a lot more sweeter for the index.
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| FBM KLCI index gained 1.830 points |
The increase happened as the global economy recovery is seen to be on the right track. The FBM KLCI index rose with the Asian share markets.
The top active counter is Instacom Group Bhd and Globaltec Formation Bhd while the top gainers is Nestle, with a gain of 2.30 points. Other blue chips that helped the KLCI eke out gains included Petronas Dagangan Bhd and Tenaga Nasional Bhd.
The top decliners were Warisan TC Holdings Bhd and Fraser & Neave Holdings Bhd.
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