KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
KUALA LUMPUR (Jan 23): The FBM KLCI gained 4.89 points or 0.3% as Asian shares rose to record closing highs after US policy makers reached a deal to end the government shutdown.
At Bursa Malaysia, the KLCI closed at its intraday high of 1,838.04 points. AmInvestment Bank Bhd research analyst Lim Sae Wai told theedgemarkets.com that "market sentiment is still bullish-biased."
Across Asia, Japan's Nikkei 225 rose 1.29% while Hong Kong's Hang Seng climbed 1.66%. Reuters reported that Asian stocks advanced on Tuesday after US senators struck a deal to end a government shutdown in a boost to Wall Street, while the dollar turned higher against the yen after Bank Of Japan's chief reiterated his support for quantitative easing.
It was reported that Japan's Nikkei share average on Tuesday ended at its highest in more than 26 years, with real estate and precision machinery stocks leading the gains. Hong Kong stocks hit another fresh record on Tuesday, aided by continuous inflows of mainland money, and strength in IT and financial stocks.
Across Bursa Malaysia, trading volume was 3.91 billion shares worth RM3.02 billion. Top gainer was British American Tobacco (M) Bhd (BAT) followed by Top Glove Corp Bhd.
BAT rose 78 sen to RM32.78 while Top Glove added 64 sen to RM9.79.
Source: The Edge
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