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.
KUALA LUMPUR (Sept 7): The FBM KLCI jumped 10.5 points or 0.6% mainly on index-linked British American Tobacco (M) Bhd's (BAT) share price spike in the final trading minutes.
Analysts said the KLCI had also risen on Malaysia's 14th General Election's (14th GE) timing speculation. At 5pm, the KLCI closed at 1,782.98 points while Bursa Malaysia top gainer BAT added RM1.46 to RM44.60.
“It’s very much linked to the 14th GE. It was the case during the late 2012 and early 2013. It’s almost like a replay,” Inter-Pacific Securities Sdn Bhd research head Pong Teng Siew told theedgemarkets.com.
Malaysia held its 13th GE on May 5, 2013.
Today, the KLCI also rose on KLCI- and Malaysian Government-linked Tenaga Nasional's share gains. Tenaga added 16 sen to close at RM14.56.
Across Bursa Malaysia, 2.63 billion shares worth RM2.41 billion were traded. Gainers outpaced decliners at 504 against 299 respectively.
The most-active stocks included Olympia Industries Bhd and Iris Corp Bhd.
Source: The Edge
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