KUALA LUMPUR, July 9 (Bernama) -- Bursa Malaysia closed lower on Thursday as renewed geopolitical tensions in West Asia weighed on investor sentiment. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.97 points, or 0.36 per cent, to 1,677.64 from Wednesday's close of 1,683.61. The benchmark index opened 2.62 points lower at 1,680.99, and moved between 1,676.18 and 1,683.80 throughout the session. However, market breadth was slightly positive, with gainers leading losers 533 to 504, while 547 counters were unchanged, 1,112 untraded, and 12 suspended. Turnover slipped to 2.64 billion units valued at RM2.19 billion from 2.96 billion units valued at RM2.18 billion on Wednesday.
The market
is behaving like a yo-yo and today, we have a better side of things. It’s an
uptrend and we’re looking at a jump for FBM KLCI by 0.27% or 4.56 points to
1,690.91.
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| FBM KLCI closed higher as oil rebound |
There is still no clear signal of breaking the 1,700 mark but things
have been slightly more positive now.
Across
Bursa Malaysia, we saw 1.72 billion shares traded worth RM1.81 billion. There
are 441 winners compared to the 355 losers while another 353 is unchanged.
Regionally,
things are also looking better except for the volatile China.
The
positive sentiment was mainly driven by the rebound of crude oil price and the
expectation of policy easing by the European Central Bank (ECB) later in the
day.
In Bursa,
the top gainer is Kossan Rubber Industries Bhd while leading the decliners was
British American Tobacco (M) Bhd. The warrants of AirAsia X and RedSena
dominated the top active counters.
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