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Market Daily Report: Bursa Malaysia Gives Up Earlier Gains To End Mixed

KUALA LUMPUR, Nov 19 (Bernama) -- Bursa Malaysia gave up earlier gains to end mixed today, amid a higher regional market showing, as property, construction, and healthcare counters attracted buying interests, while plantation, banking, and telecommunication stocks saw some profit-taking, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.70 points to close at 1,602.34 from yesterday’s close of 1,604.04. The benchmark index, which opened 0.86 of-a-point lower at 1,603.18, moved between 1,601.02 and 1,608.88 during the trading session. However, the broader market was mixed to higher, with gainers leading decliners by 565 to 438 while 502 counters remained unchanged, 961 untraded, and 14 suspended. Turnover narrowed to 2.83 billion units valued at RM2.08 billion versus 2.96 billion units valued at RM2.23 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index remained range-bound and it required a dec
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Market Daily Report: FBM KLCI rises on late buying of KLK




KUALA LUMPUR (April 4): The FBM KLCI rose 1.7 points or 0.1% on late buying of index-linked Kuala Lumpur Kepong Bhd (KLK) shares.

The KLCI erased losses in the final trading minutes after falling with Asian shares following overnight US equity losses.

At 5pm today, the KLCI settled at 1,747.19 points after falling to its intraday low at 1,742.85 points. KLK shares rose 22 sen to RM24.92 to become Bursa Malaysia's sixth-largest gainer.

Across Bursa Malaysia, 3.97 billion shares valued at RM2.87 billion were traded. Gainers outpaced decliners by 533 versus 384 respectively.

Payment-solutions specialist GHL Systems Bhd shares added 34 sen to RM1.48 to become Bursa Malaysia's eighth most-active stock and second-largest gainer.

Hong Leong Investment Bank Bhd analyst Loui Low Ley Yee told theedgemarkets.com: “Technology and electronic commerce-related stocks are the theme now. We keep seeing increasing interest in small-capitalisation counters, especially those that are on the ACE Market.”

Asian shares fell. Japan’s Nikkei 225 ended 0.91% lower while South Korea's Kospi fell 0.3%. China markets were closed today for the Ching Ming Festival.

In overnight US share trades, the Dow Jones Industrial Average declined 0.14% while S&P 500 and Nasdaq Composite each fell 0.26%.

Reuters reported that Asian shares inched lower on Tuesday as caution reigned ahead of a potentially tense meeting between US President Donald Trump and his Chinese counterpart Xi Jinping later this week.

Wall Street fell on Monday as investor worries intensified about the Trump administration's struggles to deliver on its pro-business policies a few weeks before the first-quarter earnings season.


Source: The Edge
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