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 11.28 points or 0.69% on Thursday. The Finance Index increased 0.52% to 14353.88 points, the Properties Index dropped 0.00% to 1129.57 points and the Plantation Index rose 0.53% to 7742.89 points. The market traded within a range of 7.66 points between an intra-day high of 1643.75 and a low of 1636.09 during the session.
Actively traded stocks include HSI-H57, HSI-C48, RGB, AIRASIA, HSI-H63, ASIABIO, MNC, TENAGA, ANZO and KNM. Trading volume increased to 1092.23 mil shares worth RM1568.39 mil as compared to Wednesday’s 1040.92 mil shares worth RM1373.57 mil.
Leading Movers were AMMB (+27 sen to RM4.45), AXIATA (+22 sen to RM4.64), ASTRO (+13 sen to RM2.78), SKPETRO (+7 sen to RM1.55) and YTL (+5 sen to RM1.58). Lagging Movers were PETGAS (-22 sen to RM21.28), MAXIS (-2 sen to RM6.05), PBBANK (-2 sen to RM19.62), TM (-0 sen to RM6.11) and IHH (-0 sen to RM6.40). Market breadth was positive with 390 gainers as compared to 313 losers.
The KLCI surged with last minute spike to 1643.42 points amid overnight gains in US markets. The performance of our local bourse was in tandem with most of our regional peers following Wall Street strode to another record.

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