KUALA LUMPUR, April 3 (Bernama) -- Bursa Malaysia closed marginally lower on Friday, as cautious sentiment persisted, with investors remaining on the sidelines amid ongoing conflicts in West Asia, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.80 points, or 0.16 per cent, to 1,695.50 from Thursday’s close of 1,698.30. The benchmark index opened 5.82 points higher at 1,704.12, and moved between 1,693.65 and 1,708.12 throughout the day. However, market breadth remained positive, with gainers outnumbering losers 634 to 415, while 521 counters were unchanged, 1,077 untraded and 10 suspended. Turnover improved to 3.38 billion units worth RM2.95 billion from yesterday’s 3.20 billion units worth RM3.50 billion.
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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