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 3): The FBM KLCI rose 10.09 points or 0.6% while trading
volume across Bursa Malaysia topped five bllion shares on Malaysia's
14th general election cue.
Such sentiment was apparent as investors bought Malaysian government-linked stocks like Petronas Gas Bhd and Sime Darby Bhd, according to fund managers.
Bloomberg quoted Areca Capital Sdn Bhd CEO Danny Wong Teck Meng as saying "investors are buying into the nation’s government-linked companies ahead of a national election" this year.
Inter-Pacific Securities Sdn Bhd head of research Pong Teng Siew told theedgemarkets.com that Malaysian shares rose "due to the stimulus programme from central banks around the world".
Across Bursa Malaysia today, trading volume was 5.11 billion shares worth RM3.68 billion.
Yesterday, the bourse recorded a trading volume of 3.69 billion shares worth RM2.11 billion.
Today, Bursa Malaysia shares rose 28 sen to RM10.40 to become the seventh-largest gainer across the exchange.
Source: The Edge
Such sentiment was apparent as investors bought Malaysian government-linked stocks like Petronas Gas Bhd and Sime Darby Bhd, according to fund managers.
Bloomberg quoted Areca Capital Sdn Bhd CEO Danny Wong Teck Meng as saying "investors are buying into the nation’s government-linked companies ahead of a national election" this year.
Inter-Pacific Securities Sdn Bhd head of research Pong Teng Siew told theedgemarkets.com that Malaysian shares rose "due to the stimulus programme from central banks around the world".
Across Bursa Malaysia today, trading volume was 5.11 billion shares worth RM3.68 billion.
Yesterday, the bourse recorded a trading volume of 3.69 billion shares worth RM2.11 billion.
Today, Bursa Malaysia shares rose 28 sen to RM10.40 to become the seventh-largest gainer across the exchange.
Source: The Edge
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