KUALA LUMPUR, Jan 7 (Bernama) -- Bursa Malaysia’s benchmark index rebounded from earlier losses to close at its intraday high on Wednesday, gaining 0.27 per cent in late trading as buying interest returned to selected heavyweights. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 4.48 points to 1,676.83 from Tuesday’s close of 1,672.35. The benchmark index opened 0.88 of-a-point lower at 1,671.47 and subsequently hit a low of 1,665.94 during the mid-morning session before gaining momentum toward closing. On the broader market, losers led gainers by 565 to 512, while some 526 counters were unchanged, 1,046 untraded, and 10 suspended. Turnover improved to 2.73 billion units worth RM2.76 billion versus Tuesday’s 2.66 billion units worth RM2.76 billion. Dealers said that investors were cautious following geopolitical developments in Asia.
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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