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Market Daily Report: Bursa Malaysia Gives Up Earlier Gains To End Mixed

KUALA LUMPUR, Nov 19 (Bernama) -- Bursa Malaysia gave up earlier gains to end mixed today, amid a higher regional market showing, as property, construction, and healthcare counters attracted buying interests, while plantation, banking, and telecommunication stocks saw some profit-taking, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.70 points to close at 1,602.34 from yesterday’s close of 1,604.04. The benchmark index, which opened 0.86 of-a-point lower at 1,603.18, moved between 1,601.02 and 1,608.88 during the trading session. However, the broader market was mixed to higher, with gainers leading decliners by 565 to 438 while 502 counters remained unchanged, 961 untraded, and 14 suspended. Turnover narrowed to 2.83 billion units valued at RM2.08 billion versus 2.96 billion units valued at RM2.23 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index remained range-bound and it required a dec
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Market Daily Report: FBM KLCI rebound on oil


The FBM KLCI rose 23.47 points or 1.4%, tracking regional share gains as a crude oil price rise buoyed sentiment.

The crude oil futures extended gains thanks to a weaker dollar and speculation on talks among oil producers on a potentially meeting to discuss output cuts.

Below are some of the top movers in the index.


Top movers in FBM KLCI

Hubline Bhd was the most-actively traded stock. Today's biggest gainers were Nestle (M) Bhd, PPB Group Bhd, and Sime Darby Bhd.

The biggest decliners included British American Tobacco (M) Bhd and Kossan Rubber Industries Bhd.

Despite the rally in the index, analysts were mindful of the sustainability of the index's advance.

Asian share indices gained. In China, Hong Kong's Hang Seng gained 1.01%, while the Shanghai Composite was up 1.53%. South Korea's Kospi rose 1.35%.

Japan's Nikkei 225, however, fell 0.85%.

Asian shares rallied on Thursday as speculation the US Federal Reserve might opt to not raise interest rates at all this year hammered the dollar and sparked a huge rally in oil prices, Reuters reported.

Japanese investors, however, seemed less happy with the yen's newfound strength against the dollar and nudged the Nikkei lower.

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