KUALA LUMPUR, Feb 11 (Bernama) -- Bursa Malaysia ended higher today as buying on selected blue chips continued, said a brokerage. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.85 points or 0.51 per cent to 1,756.39 from Tuesday’s close of 1,747.54. The barometer index opened 3.69 points higher at 1,751.23 before moving as low as 1,745.51 in early trade to as high as 1,757.15 during the mid-afternoon session. Market breadth was positive with gainers leading losers 575 to 474, while 549 counters were unchanged, 1,087 untraded and 11 suspended. Turnover expanded to 2.55 billion units valued at RM3.06 billion from yesterday’s 2.19 billion units valued at RM2.35 billion.
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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