KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
The FBM KLCI index lost 2.77 points or 0.17% on Wednesday.
The Finance Index fell 0.33% to 14330.23 points, the Properties Index dropped 0.06% to 1157.41 points and the Plantation Index down 0.48% to 7604.82 points.
The market traded within a range of 8.92 points between an intra-day high of 1662.17 and a low of 1653.25 during the session.
Top gainers were led by Nestle (M) Bhd today, while the biggest loser was British American Tobacco (M) Bhd.
M3 Technologies (Asia) Bhd, which received an unusual market activity (UMA) query from the local exchange, was the most actively-traded counter, with 94.58 million shares done.
The KLCI extended its midday losses and closed lower at 1657.85 points amid overnight mixed performance in Wall Street. Investors were taking profit following the gains in our local bourse in the past few days.
Reuters reported Southeast Asian stocks were trading cautiously on Wednesday, in line with Asian markets, with Indonesia snapping three consecutive days of gains on profit-taking, while the Philippine index and Vietnam extended gains from the previous session.
Asian peers were flat as weak Chinese export data offset a brightening energy sector outlook, alongside an expected delay in interest rate hikes by the US Federal Reserve.
China had announced its May exports fell by a more-than-expected, i.e. 4.1% from a year earlier.
Today, Japan’s Nikkei rose 0.93%, along with South Korea’s Kospi, which increased 0.77%. Hong Kong’s Hang Seng Index, however, settled 0.14% lower.
The Finance Index fell 0.33% to 14330.23 points, the Properties Index dropped 0.06% to 1157.41 points and the Plantation Index down 0.48% to 7604.82 points.
The market traded within a range of 8.92 points between an intra-day high of 1662.17 and a low of 1653.25 during the session.
Top gainers were led by Nestle (M) Bhd today, while the biggest loser was British American Tobacco (M) Bhd.
M3 Technologies (Asia) Bhd, which received an unusual market activity (UMA) query from the local exchange, was the most actively-traded counter, with 94.58 million shares done.
Reuters reported Southeast Asian stocks were trading cautiously on Wednesday, in line with Asian markets, with Indonesia snapping three consecutive days of gains on profit-taking, while the Philippine index and Vietnam extended gains from the previous session.
Asian peers were flat as weak Chinese export data offset a brightening energy sector outlook, alongside an expected delay in interest rate hikes by the US Federal Reserve.
China had announced its May exports fell by a more-than-expected, i.e. 4.1% from a year earlier.
Today, Japan’s Nikkei rose 0.93%, along with South Korea’s Kospi, which increased 0.77%. Hong Kong’s Hang Seng Index, however, settled 0.14% lower.
Comments
Post a Comment