KUALA LUMPUR, March 10 (Bernama) -- Bursa Malaysia rebounded to end higher today with the benchmark FBM KLCI reclaiming the 1,700 psychological level, supported by improved global sentiment after US President Donald Trump signalled a potential de-escalation of the Iran conflict, alongside Malaysia’s stronger Industrial Production Index (IPI) data. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 27.51 points, or 1.64 per cent, to 1,701.68 from yesterday’s close of 1,674.17. The benchmark index opened 10.68 points higher at 1,684.85, its lowest point today, and hit a high of 1,703.61 in the late afternoon session. Market breadth was positive, with gainers thumping losers 929 to 382. A total of 361 counters were unchanged, 982 untraded and 19 suspended. Turnover declined to 3.60 billion units worth RM3.75 billion from yesterday’s 5.52 billion units worth RM5.87 billion.
KUALA LUMPUR (April 14): The benchmark FBM KLCI index extended its losing streak today in tandem with the weak performance of global equity markets and Wall Street after the US dropped "the mother of all bombs" in Afghanistan, which soured investors' appetite.
The KLCI slipped 0.41% or 7.19 points to close at 1,730.99 points, with 3.2 billion shares worth RM1.9 billion traded. Market breadth was negative with 801 losers against 171 gainers, while 289 counters traded unchanged.
JF Apex Securities Bhd research head Lee Chung Cheng said the negative sentiment in the US equity market caused by the US bombing in Afghanistan led to the lacklustre performance in the local stock market.
The top gainer was United Plantations Bhd, while the leading decliner was Nestle (M) Bhd. The most actively traded counter on Bursa Malaysia was Borneo Oil Bhd.
Across the region, stock markets were also heading southward with Japan's Nikkei 225 closing lower by 0.49%. China's Shanghai Stock exchange composite slumped by 0.91% while Hong Kong's Hang Seng Index slipped by 0.21%.
Reuters reported that Japanese shares slipped to a four-month low on Friday as rising tension in the Korean peninsula and other parts of the world soured investors' appetite.
Source: The Edge

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