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 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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