KUALA LUMPUR, July 9 (Bernama) -- Bursa Malaysia closed lower on Thursday as renewed geopolitical tensions in West Asia weighed on investor sentiment. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.97 points, or 0.36 per cent, to 1,677.64 from Wednesday's close of 1,683.61. The benchmark index opened 2.62 points lower at 1,680.99, and moved between 1,676.18 and 1,683.80 throughout the session. However, market breadth was slightly positive, with gainers leading losers 533 to 504, while 547 counters were unchanged, 1,112 untraded, and 12 suspended. Turnover slipped to 2.64 billion units valued at RM2.19 billion from 2.96 billion units valued at RM2.18 billion on Wednesday.
At 5pm, the KLCI closed at 1,768.16 points. Hong Leong Bank shares rose 56 sen to RM16.30 to become Bursa Malaysia's top gainer.
Bursa Malaysia gainers outnumbered decliners at 420 against 361 respectively. A total of 1.49 billion shares valued at RM1.69 billion were traded.
Malaysian shares rose today as Asian markets remained cautious after North Korea fired a missile that landed in Japanese waters yesterday.
In Malaysia today, TA Securities Holdings Bhd senior technical analyst Stephen Soo told theedgemarkets.com that "there are still concerns across Asian markets over North Korea’s missile testing."
Reuters reported that Asian share markets inched back into the black on Wednesday as investors wagered the latest flare-up of tensions on the Korean peninsula would fade away like so many others.
MSCI's broadest index of Asia-Pacific shares outside Japan regained 0.3 percent, half the losses suffered Tuesday when North Korea fired the missile.
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