KUALA LUMPUR, Sept 25 (Bernama) -- Bursa Malaysia ended flat on Friday amid concerns over rising US Treasury yields and escalation in West Asia. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.69 points, or 0.04 per cent, to 1,671.62, from Thursday’s close of 1,672.31. The benchmark index, which opened 2.56 points higher at 1,674.87, moved between 1,666.99 and 1,675.47 during the day. Market breadth was nearly even, with decliners outnumbering gainers 590 to 575. A total of 534 counters were unchanged, while 1,224 were untraded and 43 suspended. Turnover widened to 4.07 billion units worth RM2.69 billion from 3.32 billion units valued at RM2.74 billion on Thursday.
KUALA LUMPUR (Aug 24): The FBM KLCI rose 2.56 points or 0.1% on late buying of CIMB Group Holdings Bhd and IOI Corp Bhd shares. CIMB and IOI Corp helped the KLCI erase losses at the 11th hour.
At 5pm, the KLCI closed at 1,775.50 points after falling to its intraday low at 1,768.52 points. IOI Corp rose 14 sen to RM4.59 to become Bursa Malaysia's sixth-largest gainer.
“Crude palm oil has been on a rally recently, and this — coupled with the fact that IOI Corp has yet to announce the latest quarterly report, may add to the positive sentiment,” Maybank Investment Bank Bhd chartist Nik Ihsan Raja Abdullah told theedgemarkets.com.
CIMB shares fell two sen to RM6.72 after falling to its intraday low at RM6.51 ahead of the financial services entity's second quarter results announcement this Monday.
Across Bursa Malaysia today, 2.13 billion shares worth RM1.98 billion changed hands. A total of 425 counters ended higher versus 356 decliners.
APFT Bhd was the most-actively traded counter with some 251 million shares transacted. The stock fell 0.5 sen to close at 2.5 sen.
Source: The Edge
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