KUALA LUMPUR, June 18 (Bernama) -- Bursa Malaysia’s key index finished marginally higher, supported by strong buying interest in consumer-related counters, amid mixed performance across regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 1.40 points, or 0.08 per cent, to 1,711.39 from Tuesday's close of 1,709.99. The key index opened 12.36 points firmer at 1,722.35 and moved between 1,711.31 and 1,722.63 throughout the session. Market breadth was negative, with losers leading gainers 678 to 493, while 549 counters were unchanged, 1,016 untraded and 34 suspended. Turnover increased to 4.50 billion units worth RM3.45 billion from 3.93 billion units worth RM3.45 billion on Tuesday.
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| FBM KLCI rose 6.22 points |
The celebration of love seems to continue, as the market celebrate post-Valentine's day with an uptrend.
FBM KLCI closed at 1,649.96 points after rising to an intraday high of 1,661.34. This was an increase of 6.22 points or 0.4%. The market basically had a good day as most Asian stock index rose as well.
Japan's Nikkei 225 jumped 7.16%, South Korea's Kospi gained 1.47% while Hong Kong's Hang Seng rose 3.27%.
Some of the positive news are coming through after a losing streak last week, as China's central bank fixed the yuan sharply stronger, easing fears of depreciation for now, though a string of weak data from Japan to China and Indonesia suggested the bounce may be short-lived.
On the broader market, Bursa Malaysia saw a total of 1.54 billion shares worth RM1.54 billion traded. Gainers outnumbered decliners at 497 against 297.
Hubline Bhd was the most-actively traded stock. The leading gainers included United Plantations Bhd and British American Tobacco (M) Bhd.
The bad news persist for Shell Refining Co. though as the company lead the top loser's table today.
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