KUALA LUMPUR, March 30 (Bernama) -- Bursa Malaysia’s benchmark index closed lower today, in line with most regional markets, as investors adjusted their risk exposure amid spiralling oil prices driven by the ongoing West Asia conflict, now in its second month. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) retreated by 24.75 points or 1.44 per cent to 1,687.90 from Friday’s close of 1,712.65. The market bellwether opened 10.57 points weaker at 1,702.08 and fluctuated between 1,682.79 and 1,702.38. The broader market was bearish, with decliners thumping advancers 956 to 371. A total of 373 counters were unchanged, 1,042 untraded and 134 suspended. Turnover expanded to 3.98 billion units worth RM4.85 billion from last Friday’s 2.97 billion units worth RM3.25 billion.
| FBM KLCI jumped 13.15 points to close at 1,716.34 |
The FBM KLCI saw a strong trading day today as the market jumped 13.15 points to close at its intraday high of 1,716.34.
The uptrend was in line with the regional market after the US Fed decided to keep rate on hold. The decision, reached at a two-day Federal Open Market Committee (FOMC) meeting that begun on Tuesday, resulted in renewed investor confidence in emerging markets.
Across the regional market, Hong Kong's Hang Seng index was up 167.82 points or 0.82%, South Korea's KOSPI rose 4.13 points or 0.21%, and Singapore's Straits Times Index gained 15.07 points or 0.52%.
Japan's Nikkei 225, however, was down 211.57 points or 1.25% while the Stock Exchange of Thailand slipped 0.43 points or 0.03%.
According to Reuters, Asian shares edged higher on Friday as oil touched a 2016 high.
Today, FBM KLCI saw 2.03 billion shares, valued at RM2.98 billion, traded.
There were 538 gainers against 349 losers, while 317 counters were unchanged.
The day's top gainers were Panasonic Manufacturing Malaysia Bhd, Petronas Gas Bhd, Pos Malaysia Bhd, Malaysia Airports Holdings Bhd and Scientex Bhd.
Losers included Nestle (M) Bhd, BLD Plantation Bhd, Latitude Tree Holdings Bhd and Kossan Rubber Industries Bhd.
The most actively traded counter was SMTrack Bhd, with 77.64 million shares changing hands.
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