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 (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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