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 17): The FBM KLCI rose 2.6 points or 0.1% after an 11th-hour spike and as the ringgit strengthened against major currencies.
At 5pm, the KLCI closed at 1,828.63 points after falling to its intraday low at 1,821.54. The KLCI reversed losses as KLCI-linked Hong Leong Bank Bhd and Genting Bhd shares rose among Bursa Malaysia top gainers.
Bursa Malaysia small-capitalisation (small cap) stocks fell. The FBM Small Cap Index fell 150.53 points or 0.85% to close at 17,528.90 points.
Across Bursa Malaysia, 4.97 billion shares valued at RM2.79 billion were traded. Hong Leong Bank was the top gainer while Genting Bhd was the eighth-largest advancer.
AmInvestment Bank Bhd analyst Lim Sae Wai told theedgemarkets.com :
“The small-cap index is going through a steeper correction, but its
recent peak in early January was pretty overboard, so it is not
surprising to see a bit of a pullback. There is a perceived negative
sentiment on the weaker dollar towards selected export-oriented
companies.”
The ringgit strengthened against the US dollar and Singapore dollar. Compared to the US dollar, the ringgit appreciated to its strongest level today at 3.9435. Over the last one-year, the exchange rate was between 3.9435 and 4.4618.
Against the Singapore dollar today, the ringgit apreciated to its firmest point at 2.9833. Over the last one-year, the exchange rate was between 2.9833 and 3.1786.
Source: The Edge
The ringgit strengthened against the US dollar and Singapore dollar. Compared to the US dollar, the ringgit appreciated to its strongest level today at 3.9435. Over the last one-year, the exchange rate was between 3.9435 and 4.4618.
Against the Singapore dollar today, the ringgit apreciated to its firmest point at 2.9833. Over the last one-year, the exchange rate was between 2.9833 and 3.1786.
Source: The Edge
Comments
Post a Comment