KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia's key index closed at an intraday high today, supported by continued buying interest even as renewed geopolitical tensions and a weaker overnight lead from Wall Street following the US Federal Reserve's (Fed) decision to stand pat on interest rates weighed on broader sentiment. The Fed has decided to hold rates steady for the fifth consecutive meeting, with the Federal Funds Rate unchanged between 3.50 per cent and 3.75 per cent. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.84 points to 1,720.40 from yesterday’s close of 1,715.56. The benchmark index, which opened 1.14 points lower at 1,714.42, hit its lowest level of 1,710.69 in early trade before gaining momentum for the rest of the day. However, the broader market was negative with losers outpacing gainers 581 to 411, while 612 counters were unchanged, 1,173 untraded, and 87 suspended. Turnover declined to 2.49 billion units valued at RM2.25 billion from ...
The feel good factor continues in the market as FBM KLCI breached the 1,700 mark.
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| FBM KLCI breached the 1,700 mark |
The positive sentiment was felt across the Asia region.
In Malaysia, the FBM KLCI was up 3.77 points or 0.22% to 1,700.31.
In the Asia region, Japan's Nikkei 225 ended the day up 1.74%, while Hong Kong's Hang Seng rose 1.17% and South Korea's Kospi inched up 0.04%.
Reuters reported that Asian shares began a central bank-focused week on firm footing today, buoyed by gains on Wall Street, as well as glimmers of strength in weekend data from China.
Across Bursa, there were 419 advancers versus 412 losers, while 360 counters closed unchanged.
A total of 1.47 billion shares, valued RM1.61 billion, exchanged hands during the day.
Nestle (Malaysia) Bhd rose RM1.54 or 2.08% to close at RM75.50; while the top loser was Petronas Dagangan Bhd, which fell 40 sen to RM24.10.
The most actively-traded stock was Gamuda Bhd's warrant (Gamuda-WE), which fell two sen or 2.07% to close at 94.5 sen.
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