KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
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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