KUALA LUMPUR, Aug 18 (Bernama) -- Bursa Malaysia ended higher on Tuesday, outperforming most regional markets as investors continued to rotate towards commodity and plantation-related stocks, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.47 points, or 0.43 per cent, to 1,733.36 compared with Monday’s close of 1,725.89. The benchmark index opened 1.63 points higher at 1,727.52, and fluctuated between 1,723.60 and 1,734.53 throughout the day. On the broader market, losers outpaced gainers 762 to 438, while 576 counters were unchanged, 1,075 untraded and 16 suspended. Turnover expanded to 3.74 billion units valued at RM2.91 billion from 3.45 billion units valued at RM2.74 billion on Monday.
The FBM KLCI index gained 2.04 points or 0.13% on Tuesday. The Finance Index fell 0.23% to 14162.5 points, the Properties Index dropped 0.27% to 1158.33 points and the Plantation Index down 0.41% to 7703.77 points. The market traded within a range of 5.14 points between an intra-day high of 1632.71 and a low of 1627.57 during the session.
Actively traded stocks include FGV, FGV-C16, SUMATEC, HIBISCS, RGB, AAX, NICORP, HSI-H63, GPACKET and PERISAI. Trading volume increased to 1496.29 mil shares worth RM1811.10 mil as compared to Monday’s 1382.86 mil shares worth RM1381.38 mil.
Leading Movers were GENTING (+21 sen to RM8.16), RHBBANK (+12 sen to RM4.70), BAT (+106 sen to RM45.00), YTL (+3 sen to RM1.53) and PETGAS (+30 sen to RM21.50). Lagging Movers were HLFG (-26 sen to RM15.10), SIME (-10 sen to RM7.95), MAYBANK (-9 sen to RM7.69), AXIATA (-5 sen to RM4.48) and PPB (-12 sen to RM15.66). Market breadth was negative with 344 gainers as compared to 410 losers.
The KLCI closed higher at 1629.32 points amid overnight gains in US market as oil jumped on optimism OPEC will agree to cut output. The performance of our local bourse was lifted by buying interest in heavyweight counters led by Genting Bhd.
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