KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia's key index closed at an intraday high today, supported by continued buying interest even as renewed geopolitical tensions and a weaker overnight lead from Wall Street following the US Federal Reserve's (Fed) decision to stand pat on interest rates weighed on broader sentiment. The Fed has decided to hold rates steady for the fifth consecutive meeting, with the Federal Funds Rate unchanged between 3.50 per cent and 3.75 per cent. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.84 points to 1,720.40 from yesterday’s close of 1,715.56. The benchmark index, which opened 1.14 points lower at 1,714.42, hit its lowest level of 1,710.69 in early trade before gaining momentum for the rest of the day. However, the broader market was negative with losers outpacing gainers 581 to 411, while 612 counters were unchanged, 1,173 untraded, and 87 suspended. Turnover declined to 2.49 billion units valued at RM2.25 billion from ...
KUALA LUMPUR (May 31): The FBM KLCI rose 0.53 point as the index erased losses at the eleventh hour on buying interest in CIMB Group Holdings Bhd, Malayan Banking Bhd and Petronas Dagangan Bhd shares.
At 5pm, the KLCI closed at 1,765.87 points after falling to its intraday low at 1,761.11 points. CIMB added 14 sen to RM6.40, Maybank climbed eight sen to RM9.44 while Petronas Dagangan rose 64 sen to RM24.60.
Petronas Dagangan was Bursa Malaysia's top gainer while CIMB was the fifth most-active stock.
"Thanks to the banking counters, the KLCI managed to continue sustaining its green position today,” Maybank Investment Bank Bhd chartist Nik Ihsan Raja Abdullah told theedgemarket.com over telephone.
Across Bursa Malaysia, 2.74 billion shares worth RM5.17 billion were traded. Decliners outpaced gainers by 501 versus 437 respectively.
IHH Healthcare, Berjaya Sports Toto Bhd and AirAsia X Bhd were the top three actively-traded counters.
Source: The Edge
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