KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 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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