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Market Daily Report: Buying In Consumer Stocks Helps Bursa Malaysia Close Slightly Higher

KUALA LUMPUR, June 18 (Bernama) -- Bursa Malaysia’s key index finished marginally higher, supported by strong buying interest in consumer-related counters, amid mixed performance across regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 1.40 points, or 0.08 per cent, to 1,711.39 from Tuesday's close of 1,709.99.  The key index opened 12.36 points firmer at 1,722.35 and moved between 1,711.31 and 1,722.63 throughout the session. Market breadth was negative, with losers leading gainers 678 to 493, while 549 counters were unchanged, 1,016 untraded and 34 suspended. Turnover increased to 4.50 billion units worth RM3.45 billion from 3.93 billion units worth RM3.45 billion on Tuesday.
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Market Daily Report: Noon Market - KLCI stays above 1,700 level

Good news for the Malaysian market today as the benchmark index was up above the 1,700 point level at the midday break.
At midday, FBM KLCI was at 1,704.51
At 12.30pm, the FBM KLCI was up 11.08 points to 1,704.51. 
Gainers led losers by 396 to 282, while 321 counters traded unchanged. Volume was 962.89 million shares, valued at RM1.02 billion.
The top gainers included Nestle (M) Bhd, British American Tobacco (M) Bhd, Scientex Bhd, Kuala Lumpur Kepong Bhd, Panasonic Malaysia Manufacturing Bhd, Batu Kawan Bhd, Ta Ann Holdings Bhd, Petronas Gas Bhd, CIMB Group Holdings Bhd, TAHPS Group Bhd, MISC Bhd and Genting Malaysia Bhd.
The actives incuded Inix Technologies Bhd, APFT Bhd, EKA Noodles Bhd, Chin Hin Group Bhd, Vivocom International Holdings Bhd, Ranhill Holdings Bhd and CIMB.
The losers included Hap Seng Consolidated Bhd, Huat Lai Resources Bhd, Ajinomoto Malaysia Bhd, Globetronics Technology Bhd, Lingkaran Trans Kota Holdings Bhd, Syarikat Takaful Malaysia Bhd, Power Root Bhd and Allianz Malaysia Bhd.
Asian shares were up across the board after the news that U.S. Federal Reserve reduced the number of interest rate hikes expected this year, according to Reuters.
Reuters reported that with this news from US, there is a higher potential for more money to continue flowing into commodities and equities, rather being lured by higher U.S. interest rates, boosted crude oil and emerging market stocks.
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