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.
KUALA LUMPUR (Dec 21): The FBM KLCI fell 4.93 points or 0.3% mainly on late selling of Petronas Dagangan Bhd and Kuala Lumpur Kepong Bhd (KLK) shares. The KLCI fell amid lower Bursa Malaysia share-trade volume possibly due to the year-end holiday season.
At 5pm, the KLCI closed at 1,629.59 points. Petronas Dagangan fell 22 sen to RM23.52 while KLK dropped 14 sen to RM23.66.
Petronas Dagangan and KLK were Bursa Malaysia's third and fifth-largest decliners respectively as investors took profit following both stock's recent gains.
Bursa Malaysia saw 1.16 billion shares valued at RM1.56 billion traded. There were 353 gainers and 369 decliners.
Yesterday, the bourse saw 1.29 billion shares transacted.
Today, Inter-Pacific Securities Sdn Bhd research head Pong Teng Siew said: "A lot of fund managers and investors are probably on vacation right now, which is apparent, looking at the thin trading volume of shares."
"Nonetheless, with careful stock picking, there could be some opportunities in some small caps, which are doing reasonably alright. The blue chips on the other hand are not that exciting at this point," he told theedgemarkets.com.
Source: The Edge

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