KUALA LUMPUR, March 10 (Bernama) -- Bursa Malaysia rebounded to end higher today with the benchmark FBM KLCI reclaiming the 1,700 psychological level, supported by improved global sentiment after US President Donald Trump signalled a potential de-escalation of the Iran conflict, alongside Malaysia’s stronger Industrial Production Index (IPI) data. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 27.51 points, or 1.64 per cent, to 1,701.68 from yesterday’s close of 1,674.17. The benchmark index opened 10.68 points higher at 1,684.85, its lowest point today, and hit a high of 1,703.61 in the late afternoon session. Market breadth was positive, with gainers thumping losers 929 to 382. A total of 361 counters were unchanged, 982 untraded and 19 suspended. Turnover declined to 3.60 billion units worth RM3.75 billion from yesterday’s 5.52 billion units worth RM5.87 billion.
The FBM KLCI fell 1.51 points or 0.1% after China's weaker external trade numbers continue to hit Asian shares.
At 5pm, the KLCI closed at 1,686.35 points after reaching an intraday low of 1,676.93. The market rebounded strongly in the second half of trading.
According to Bloomberg data, China's Shanghai Composite slid 1.34% while Japan's Nikkei 225 lost 0.84%.
Today, Reuters reported that sharp losses in Chinese stocks pulled Asian equities further away from two-month highs on Wednesday as weak trade figures from the world's second-biggest economy and wobbly oil prices revived concerns about global growth.
Across Bursa Malaysia, there were 446 gainers versus 341 decliners. Trading volume was 1.83 billion shares worth RM1.9 billion.
Both AirAsia Bhd and AirAsia X Bhd dominated the top-active list.
P.I.E. Industrial Bhd led gainers while British American Tobacco (M) Bhd was the top decliner.
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| FBM KLCI closed lower at 1,686.35 |
At 5pm, the KLCI closed at 1,686.35 points after reaching an intraday low of 1,676.93. The market rebounded strongly in the second half of trading.
According to Bloomberg data, China's Shanghai Composite slid 1.34% while Japan's Nikkei 225 lost 0.84%.
Today, Reuters reported that sharp losses in Chinese stocks pulled Asian equities further away from two-month highs on Wednesday as weak trade figures from the world's second-biggest economy and wobbly oil prices revived concerns about global growth.
Across Bursa Malaysia, there were 446 gainers versus 341 decliners. Trading volume was 1.83 billion shares worth RM1.9 billion.
Both AirAsia Bhd and AirAsia X Bhd dominated the top-active list.
P.I.E. Industrial Bhd led gainers while British American Tobacco (M) Bhd was the top decliner.
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