KUALA LUMPUR, March 10 (Bernama) -- Bursa Malaysia rebounded to end higher today with the benchmark FBM KLCI reclaiming the 1,700 psychological level, supported by improved global sentiment after US President Donald Trump signalled a potential de-escalation of the Iran conflict, alongside Malaysia’s stronger Industrial Production Index (IPI) data. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 27.51 points, or 1.64 per cent, to 1,701.68 from yesterday’s close of 1,674.17. The benchmark index opened 10.68 points higher at 1,684.85, its lowest point today, and hit a high of 1,703.61 in the late afternoon session. Market breadth was positive, with gainers thumping losers 929 to 382. A total of 361 counters were unchanged, 982 untraded and 19 suspended. Turnover declined to 3.60 billion units worth RM3.75 billion from yesterday’s 5.52 billion units worth RM5.87 billion.
KUALA LUMPUR (Jan 10): The FBM KLCI fell 4.03 points or 0.22% as profit-taking drove the index lower for the second consecutive day.
At 5pm, the KLCI closed at 1,822.92 points after rising to its intraday high at 1,830.63 points. Yesterday, the KLCI dropped 5.2 points to 1,826.95 points.
Today, Areca Capital Sdn Bhd chief executive officer Danny Wong told theedgemarkets.com that profit-taking in the Malaysian stock market "is not that glaring, and is normal considering the local market has been on the uptrend since end-December".
In recent days, the KLCI closed higher at 1,782.70 points on Jan 2 before climbing to 1,832.15 points on Monday (Jan 8).
Across Bursa Malaysia today, 5.75 billion shares valued at RM3.78 billion exchanged hands.
UMW Oil & Gas Corp Bhd was the most-active stock with some 352 million shares traded. UMW Oil & Gas fell 1.5 sen to 41 sen.
Source: The Edge
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