KUALA LUMPUR, April 3 (Bernama) -- Bursa Malaysia closed marginally lower on Friday, as cautious sentiment persisted, with investors remaining on the sidelines amid ongoing conflicts in West Asia, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.80 points, or 0.16 per cent, to 1,695.50 from Thursday’s close of 1,698.30. The benchmark index opened 5.82 points higher at 1,704.12, and moved between 1,693.65 and 1,708.12 throughout the day. However, market breadth remained positive, with gainers outnumbering losers 634 to 415, while 521 counters were unchanged, 1,077 untraded and 10 suspended. Turnover improved to 3.38 billion units worth RM2.95 billion from yesterday’s 3.20 billion units worth RM3.50 billion.
KUALA LUMPUR (Nov 29): The FBM KLCI closed 5.96 points or 0.3% higher, mainly due to index-linked Tenaga Nasional Bhd's share price rise. The ringgit appreciated to its strongest level over the last one year against the US dollar at 4.0815.
At 5pm, the KLCI closed at 1,720.38 points. Tenaga shares ended 42 sen higher at RM15.40, to become the third-largest gainer on Bursa Malaysia.
Across Bursa Malaysia, 1.96 billion shares worth RM2.8 billion were traded. There were 389 gainers versus 416 decliners.
"The index (KLCI) closed slightly up mainly due to Tenaga," Areca Capital Sdn Bhd chief executive officer Danny Wong Teck Meng told theedgemarkets.com.
In the currency markets, the ringgit appreciated to 4.0815 against a weakening US dollar at 5:35pm, while investors speculated that the Organization of the Petroleum Exporting Countries (OPEC) and Russia may extend oil supply cuts until the end of 2018 to support prices of the commodity.
Over the last one year, the exchange rate was between 4.0815 and 4.5002.
Source: The Edge
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