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 4.76 points or 0.29% on Tuesday. The Finance Index increased 0.28% to 14293.39 points, the Properties Index up 0.01% to 1137 points and the Plantation Index rose 0.08% to 7710.33 points. The market traded within a range of 5.71 points between an intra-day high of 1629.73 and a low of 1624.02 during the session.
Actively traded stocks include APFT, SUMATEC, AIRASIA, HIBISCS, TRIVE, RGB, TENAGA, HSI-H63, HSI-C54 and HSI-H57. Trading volume decreased to 1089.86 mil shares worth RM1553.17 mil as compared to Monday’s 1139.64 mil shares worth RM1352.42 mil.
Leading Movers were PETGAS (+48 sen to RM21.32), PPB (+34 sen to RM16.00), YTL (+3 sen to RM1.54), MISC (+10 sen to RM7.28) and GENTING (+8 sen to RM7.99). Lagging Movers were HAPSENG (-0 sen to RM7.75), AMMB (-1 sen to RM4.23), HLFG (-5 sen to RM14.84), BAT (-40 sen to RM44.90) and SKPETRO (-1 sen to RM1.52). Market breadth was negative with 304 gainers as compared to 409 losers.
The KLCI extended its mid-day gains by ending higher at 1629.73 points, tracking the positive performance in Wall Street overnight. The performance of our local bourse was in tandem with most of the regional peers.

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