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 (Feb 26): The FBM KLCI slipped 1.42 points or 0.1% as investors evaluated Malaysia's corporate financials and after a last-minute selling of Genting Bhd shares dragged the KLCI lower.
At 5pm, the KLCI closed at 1,860.08. Genting shares dropped 18 sen to RM8.92 to become one of the biggest decliners on Bursa Malaysia.
Inter-Pacific Securities Sdn Bhd head of research Pong Teng Siew said: “Generally (Malaysia corporate) results have not been too encouraging, but we do see better profits."
Across Bursa Malaysia, 2.72 billion shares worth RM2.74 billion were traded. Top decliners included KLCI-linked stocks Nestle (M) Bhd and Hong Leong Financial Group Bhd.
Top gainers included Dutch Lady Milk Industries Bhd and KLCI component Hong Leong Bank Bhd.
Source: The Edge
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