KUALA LUMPUR, Feb 11 (Bernama) -- Bursa Malaysia ended higher today as buying on selected blue chips continued, said a brokerage. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.85 points or 0.51 per cent to 1,756.39 from Tuesday’s close of 1,747.54. The barometer index opened 3.69 points higher at 1,751.23 before moving as low as 1,745.51 in early trade to as high as 1,757.15 during the mid-afternoon session. Market breadth was positive with gainers leading losers 575 to 474, while 549 counters were unchanged, 1,087 untraded and 11 suspended. Turnover expanded to 2.55 billion units valued at RM3.06 billion from yesterday’s 2.19 billion units valued at RM2.35 billion.
KUALA LUMPUR (Oct 11): The FBM KLCI cut losses for a 3.92-point or 0.2% drop after index-linked IHH Healthcare Bhd's share price spiked in the final trading minutes.
At 5pm, the KLCI closed at 1,757.21 points while IHH rose 20 sen to RM5.91. IHH was Bursa Malaysia's third-largest gainer.
Earlier, telecommunication companies' (telco) shares weighed down the KLCI.
Besides telco stocks Axiata Bhd, Digi.Com Bhd, Maxis Bhd and Telekom Malaysia Bhd, shares of Genting Bhd and Genting Malaysia Bhd also contributed to KLCI's loss.
“There is concern that valuations are still running ahead of earnings as share prices have already run up a fair bit,” Areca Capital Sdn Bhd CEO Danny Wong said.
At 5pm, Genting Bhd shares fell 13 sen to close at RM9.50, Genting Malaysia dropped nine sen to RM5.27 while Digi was 10 sen lower at RM4.88.
Genting Bhd and Genting Malaysia were Bursa Malaysia's second and seventh largest decliners respectively. Digi was the fifth-largest decliner.
Across Bursa Malaysia, 3.18 billion shares were traded for RM2.31 billion. Gainers outpaced decliners at 395 and 384 respectively.
Most active was Key Asic Bhd with some 249 million shares transacted. The stock rose 10.5 sen to close at 27 sen.
Source: The Edge
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