KUALA LUMPUR, Jan 7 (Bernama) -- Bursa Malaysia’s benchmark index rebounded from earlier losses to close at its intraday high on Wednesday, gaining 0.27 per cent in late trading as buying interest returned to selected heavyweights. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 4.48 points to 1,676.83 from Tuesday’s close of 1,672.35. The benchmark index opened 0.88 of-a-point lower at 1,671.47 and subsequently hit a low of 1,665.94 during the mid-morning session before gaining momentum toward closing. On the broader market, losers led gainers by 565 to 512, while some 526 counters were unchanged, 1,046 untraded, and 10 suspended. Turnover improved to 2.73 billion units worth RM2.76 billion versus Tuesday’s 2.66 billion units worth RM2.76 billion. Dealers said that investors were cautious following geopolitical developments in Asia.
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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