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.
It seems like the short rally is indeed short as we were greeted with another downward trend today.
The FBM KLCI closed at 1,658.16 despite having a rather good start to the day when the market hit the intraday high at 1,672.56 before falling down, tracking the regional trend.
Reuters reported that Asian shares slipped on Thursday as crude oil prices see-sawed and Chinese shares dived, rekindling anxiety about the impact of high market volatility on the global economy on the eve of a G20 meeting in Shanghai.
Crude oil prices fell on Thursday as downward pressure from global overproduction and slowing economic growth outweighed strong gasoline demand and lower US crude output.
Brent crude benchmark was trading at US$34.07 per barrel at 0804 GMT, down 34 US cents from its last close.
On Bursa Malaysia, decliners were more than gainers by about half at 565 compared to gainers at 271. There were a total of 1.65 billion shares traded, worth RM1.86 billion.
The top losers include Petronas Gas Bhd and Petronas Chemicals Group Bhd while British American Tobacco (M) Bhd is the top gainer for the day.
APFT Bhd and Genting Malaysia Bhd are the most active stocks for the day.
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| FBM KLCI falls by 6.01 points to 1,658.16 |
The FBM KLCI closed at 1,658.16 despite having a rather good start to the day when the market hit the intraday high at 1,672.56 before falling down, tracking the regional trend.
Reuters reported that Asian shares slipped on Thursday as crude oil prices see-sawed and Chinese shares dived, rekindling anxiety about the impact of high market volatility on the global economy on the eve of a G20 meeting in Shanghai.
Crude oil prices fell on Thursday as downward pressure from global overproduction and slowing economic growth outweighed strong gasoline demand and lower US crude output.
Brent crude benchmark was trading at US$34.07 per barrel at 0804 GMT, down 34 US cents from its last close.
On Bursa Malaysia, decliners were more than gainers by about half at 565 compared to gainers at 271. There were a total of 1.65 billion shares traded, worth RM1.86 billion.
The top losers include Petronas Gas Bhd and Petronas Chemicals Group Bhd while British American Tobacco (M) Bhd is the top gainer for the day.
APFT Bhd and Genting Malaysia Bhd are the most active stocks for the day.
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