KUALA LUMPUR, Oct 20 (Bernama) -- Bursa Malaysia’s benchmark index edged higher at the close as bargain hunting emerged following Monday’s sharp sell-off, although it narrowly failed to reclaim the 1,600 level, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 3.83 points, or 0.24 per cent, to 1,599.58 from Monday’s close of 1,595.75. The index opened 3.18 points lower at 1,592.57, marking its intraday low, and reached an intraday high of 1,602.83 in early trading. On the broader market, decliners outnumbered gainers 751 to 331, while 499 counters were unchanged, 1,259 untraded and 10 suspended. Turnover rose to 2.86 billion units worth RM2.42 billion against Monday’s 2.49 billion units worth RM2.38 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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