KUALA LUMPUR, Aug 18 (Bernama) -- Bursa Malaysia ended higher on Tuesday, outperforming most regional markets as investors continued to rotate towards commodity and plantation-related stocks, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.47 points, or 0.43 per cent, to 1,733.36 compared with Monday’s close of 1,725.89. The benchmark index opened 1.63 points higher at 1,727.52, and fluctuated between 1,723.60 and 1,734.53 throughout the day. On the broader market, losers outpaced gainers 762 to 438, while 576 counters were unchanged, 1,075 untraded and 16 suspended. Turnover expanded to 3.74 billion units valued at RM2.91 billion from 3.45 billion units valued at RM2.74 billion on Monday.
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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