KUALA LUMPUR, Aug 18 (Bernama) -- Bursa Malaysia ended higher on Tuesday, outperforming most regional markets as investors continued to rotate towards commodity and plantation-related stocks, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.47 points, or 0.43 per cent, to 1,733.36 compared with Monday’s close of 1,725.89. The benchmark index opened 1.63 points higher at 1,727.52, and fluctuated between 1,723.60 and 1,734.53 throughout the day. On the broader market, losers outpaced gainers 762 to 438, while 576 counters were unchanged, 1,075 untraded and 16 suspended. Turnover expanded to 3.74 billion units valued at RM2.91 billion from 3.45 billion units valued at RM2.74 billion on Monday.
The market dropped as anticipated, with the FBMKLCI closing 1.1% lower to 1,644.41. This was in line with the global equities' decline.
US equities closed near flatline Tuesday, after a choppy trading session, as US oil prices seesawed and investors looked ahead to Federal Reserve chair Janet Yellen’s testimony.
Across the exchange, a total of 887.61 million shares, worth RM1.06 billion, were traded. Market sentiment was bearish, as decliners beat gainers by 506 to 249, while 220 counters were unchanged.
Leading the decliners were blue chips like Kuala Lumpur Kepong Bhd, Malaysia Airports Holdings Bhd and British American Tobacco (Malaysia) Bhd, while gainers were led by Dutch Lady Milk Industries Bhd. The top active stock was Tiger Synergy Bhd.
Across the region, Japan’s Nikkei fell 2.31%, while South Korea’s Kospi gained 1.52%. China stock markets were closed for the Lunar New Year holidays.
According to Bloomberg data, the ringgit strengthened to 4.1243 against the US dollar and traded at 2.9642 against the Singapore dollar.
Brent crude gained 2.3% to US$31.02 per barrel, while West Texas Intermediate (WTI) rose 2.1% to US$28.52 per barrel.
The drop in the global market is largely due to the growing concerns about the health of the world's banks, particularly in Europe, pushing investors into safer assets such as the yen, which stood near a 15-month high versus the dollar.
US equities closed near flatline Tuesday, after a choppy trading session, as US oil prices seesawed and investors looked ahead to Federal Reserve chair Janet Yellen’s testimony.
Across the exchange, a total of 887.61 million shares, worth RM1.06 billion, were traded. Market sentiment was bearish, as decliners beat gainers by 506 to 249, while 220 counters were unchanged.
Leading the decliners were blue chips like Kuala Lumpur Kepong Bhd, Malaysia Airports Holdings Bhd and British American Tobacco (Malaysia) Bhd, while gainers were led by Dutch Lady Milk Industries Bhd. The top active stock was Tiger Synergy Bhd.
Across the region, Japan’s Nikkei fell 2.31%, while South Korea’s Kospi gained 1.52%. China stock markets were closed for the Lunar New Year holidays.
According to Bloomberg data, the ringgit strengthened to 4.1243 against the US dollar and traded at 2.9642 against the Singapore dollar.
Brent crude gained 2.3% to US$31.02 per barrel, while West Texas Intermediate (WTI) rose 2.1% to US$28.52 per barrel.
The drop in the global market is largely due to the growing concerns about the health of the world's banks, particularly in Europe, pushing investors into safer assets such as the yen, which stood near a 15-month high versus the dollar.
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