KUALA LUMPUR, Feb 11 (Bernama) -- Bursa Malaysia ended higher today as buying on selected blue chips continued, said a brokerage. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.85 points or 0.51 per cent to 1,756.39 from Tuesday’s close of 1,747.54. The barometer index opened 3.69 points higher at 1,751.23 before moving as low as 1,745.51 in early trade to as high as 1,757.15 during the mid-afternoon session. Market breadth was positive with gainers leading losers 575 to 474, while 549 counters were unchanged, 1,087 untraded and 11 suspended. Turnover expanded to 2.55 billion units valued at RM3.06 billion from yesterday’s 2.19 billion units valued at RM2.35 billion.
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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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