KUALA LUMPUR, Jan 28 (Bernama) -- Bursa Malaysia snapped its five-day winning streak to close lower on Wednesday, as investors took profit following a cumulative gain of 4.25 per cent over the past five sessions, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 14.76 points or 0.83 per cent to 1,756.49 from Tuesday’s close of 1,771.25. The market bellwether opened 1.46 points lower at 1,769.79, marking the day’s high, and hit a low of 1,750.05 during the mid-afternoon session. Market breadth was negative with losers trouncing gainers 876 to 384, while 525 counters were unchanged, 964 untraded and 94 suspended. Turnover improved to 3.65 billion units worth RM4.41 billion from Tuesday's 3.58 billion units worth RM4.46 billion.
KUALA LUMPUR (Oct 30): The FBM KLCI climbed 2.22 points or 0.1%, lifted by oil and gas and plantation-linked counters and as investors reacted positively to Malaysia's Budget 2018.
At 5pm, the KLCI closed at 1,748.35 points on gains in stocks like Petronas Dagangan Bhd, Petronas Chemicals Group Bhd, Sime Darby Bhd and Kuala Lumpur Kepong Bhd (KLK).
“The market is reacting positively to the Budget,” Inter-Pacific Securities Sdn Bhd head of research Pong Teng Siew told theedgemarkets.com.
Across Bursa Malaysia, 2.88 billion shares valued at RM2.15 billion exchanged hands. Gainers led decliners by 489 to 380 respectively.
Top gainers included Nestle (M) Bhd and Carlsberg Brewery Malaysia Bhd.
Source: The Edge
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