KUALA LUMPUR, Jan 7 (Bernama) -- Bursa Malaysia’s benchmark index rebounded from earlier losses to close at its intraday high on Wednesday, gaining 0.27 per cent in late trading as buying interest returned to selected heavyweights. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 4.48 points to 1,676.83 from Tuesday’s close of 1,672.35. The benchmark index opened 0.88 of-a-point lower at 1,671.47 and subsequently hit a low of 1,665.94 during the mid-morning session before gaining momentum toward closing. On the broader market, losers led gainers by 565 to 512, while some 526 counters were unchanged, 1,046 untraded, and 10 suspended. Turnover improved to 2.73 billion units worth RM2.76 billion versus Tuesday’s 2.66 billion units worth RM2.76 billion. Dealers said that investors were cautious following geopolitical developments in Asia.
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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