KUALA LUMPUR, Jan 7 (Bernama) -- Bursa Malaysia’s benchmark index rebounded from earlier losses to close at its intraday high on Wednesday, gaining 0.27 per cent in late trading as buying interest returned to selected heavyweights. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 4.48 points to 1,676.83 from Tuesday’s close of 1,672.35. The benchmark index opened 0.88 of-a-point lower at 1,671.47 and subsequently hit a low of 1,665.94 during the mid-morning session before gaining momentum toward closing. On the broader market, losers led gainers by 565 to 512, while some 526 counters were unchanged, 1,046 untraded, and 10 suspended. Turnover improved to 2.73 billion units worth RM2.76 billion versus Tuesday’s 2.66 billion units worth RM2.76 billion. Dealers said that investors were cautious following geopolitical developments in Asia.
KUALA LUMPUR (Aug 3): The FBM KLCI rose 1.29 points or 0.1% after volatile trade mainly on late buying of index-linked Petronas Dagangan Bhd shares. The KLCI rose as Asian shares fell.
At Bursa Malaysia, the KLCI closed at 1,771.90 points after reaching its intraday high and low at 1,772.59 and 1,768.05 points respectively. Petronas Dagangan shares climbed 28 sen to RM24.02 to become Bursa Malaysia's second-largest gainer.
Across Bursa Malaysia, 1.75 billion shares valued at RM1.746 billion were traded. There were 429 decliners and 336 gainers.
“The increased buying support in the local telco heavyweights, positive sentiment on Wall Street as well as the increase in crude oil prices also contributed to the index’s (KLCI) performance today,” Malacca Securities Sdn Bhd analyst Kenneth Leong told theedgemarkets.com
Asian shares declined. Japan's Nikkei 225 fell 0.25%, Hong Kong’s Hang Seng declined 0.28% while South Korea’s Kospi closed 1.68% lower.
Reuters reported that world stock markets fell on Thursday, led by a tumble in tech shares as investors locked in recent gains after Wall Street's Dow Jones Industrial Average broke the 22,000 barrier for the first time in its 121-year history.
It was reported that Japan's Nikkei share average fell as investors engaged in profit taking of tech shares which rallied the previous day on Apple's strong quarterly earnings.
Source: The Edge
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