KUALA LUMPUR, March 10 (Bernama) -- Bursa Malaysia rebounded to end higher today with the benchmark FBM KLCI reclaiming the 1,700 psychological level, supported by improved global sentiment after US President Donald Trump signalled a potential de-escalation of the Iran conflict, alongside Malaysia’s stronger Industrial Production Index (IPI) data. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 27.51 points, or 1.64 per cent, to 1,701.68 from yesterday’s close of 1,674.17. The benchmark index opened 10.68 points higher at 1,684.85, its lowest point today, and hit a high of 1,703.61 in the late afternoon session. Market breadth was positive, with gainers thumping losers 929 to 382. A total of 361 counters were unchanged, 982 untraded and 19 suspended. Turnover declined to 3.60 billion units worth RM3.75 billion from yesterday’s 5.52 billion units worth RM5.87 billion.
FBM KLCI open higher today by 2.57 points or 0.16% to 1,648.79 as at 9.17am.
The market saw a relatively low volume of about 81.3 million shares changed hands at the time of writing, most likely due to a shorter trading days in the country with the Raya Holiday.
Air Asia X was the most actively traded counter and it has risen by 2.63% to 39 sen with 9.1 million shares being traded.
Dutch Lady was the top gainer so far with the milk counter risen by 50 sen to RM58.98 with a volume of 100.
Heineken was at the other end of the table, leading the decliner for the day so far with a loss of 22 sen or 1.42% to RM15.24.
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