KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
KUALA LUMPUR (Sept 11): THE FBM KLCI closed 2.84 points or 0.2% higher today with Asian shares after North Korea refrained from missile launches during the 69th anniversary of North Korea’s founding on Saturday.
In Malaysia today, investor confidence also grew amid improved performance of shares in downstream oil and gas-related companies like Hengyuan Refining Co Bhd, Petron Malaysia Refining & Marketing Bhd and Lotte Chemical Titan Holding Bhd. At 5pm, the KLCI closed at 1,782.74 points.
“Investors are reacting to changes in direction of petrochemical and refining companies’ stocks,” Inter-Pacific Securities Sdn Bhd research head Pong Teng Siew told theedgemarkets.com.
Hengyuan, Petron and Lotte were among Bursa Malaysia top gainers. Hengyuan closed 47 sen higher at RM8.21, Petron added 43 sen to RM9.83 while Lotte rose 26 sen to RM5.77.
Across Bursa Malaysia, gainers outnumbered decliners at 502 and 312 respectively. A total of 2.73 billion shares worth RM2.16 billion changed hands.
Malaysian shares rose with Asian equities on North Korea's latest geopolitical sentiment. Japan's Nikkei 225 rose 1.41% while Hong Kong’s Hang Seng closed 1.04% higher.
South Korea’s Kospi addded 0.66%.
Source: The Edge
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