KUALA LUMPUR, Feb 11 (Bernama) -- Bursa Malaysia ended higher today as buying on selected blue chips continued, said a brokerage. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.85 points or 0.51 per cent to 1,756.39 from Tuesday’s close of 1,747.54. The barometer index opened 3.69 points higher at 1,751.23 before moving as low as 1,745.51 in early trade to as high as 1,757.15 during the mid-afternoon session. Market breadth was positive with gainers leading losers 575 to 474, while 549 counters were unchanged, 1,087 untraded and 11 suspended. Turnover expanded to 2.55 billion units valued at RM3.06 billion from yesterday’s 2.19 billion units valued at RM2.35 billion.
KUALA LUMPUR (July 3): The FBM KLCI rose five points or 0.3% on bargain hunting and as Petronas-linked shares took the cue from crude oil gains.
At 5pm, the KLCI finished at 1,768.67 points after falling to its intraday low at 1,756.37 points. Last Friday, the index fell 7.69 points to 1,763.67 points.
Today, JF Apex Securities Bhd senior analyst Lee Cherng Wee told theedgemarkets.com: “There does not seem to be any fresh catalysts driving the market,[therefore] the market’s performance today can be attributed to bargain hunting following a decline in performance last week."
Across Bursa Malaysia today, 1.76 billion shares worth RM1.74 billion were traded. There were 408 gainers against 404 decliners.
Oil and gas-related shares were among Bursa Malaysia top gainers. The list included KLCI-linked Petronas Gas Bhd, Petronas Dagangan Bhd and Petronas Chemicals Group Bhd.
Reuters reported that oil markets edged up on Monday, lifted by the first fall in US drilling activity in months, although price gains were capped by reports of rising OPEC output last month even as the group has pledged to cut supply.
Brent crude futures had climbed 13 cents, or 0.3 percent, to US$48.90 per barrel by 0643 GMT, after jumping 5.2 percent last week in their first weekly gain in six weeks.
Source: The Edge
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