KUALA LUMPUR, Feb 11 (Bernama) -- Bursa Malaysia ended higher today as buying on selected blue chips continued, said a brokerage. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.85 points or 0.51 per cent to 1,756.39 from Tuesday’s close of 1,747.54. The barometer index opened 3.69 points higher at 1,751.23 before moving as low as 1,745.51 in early trade to as high as 1,757.15 during the mid-afternoon session. Market breadth was positive with gainers leading losers 575 to 474, while 549 counters were unchanged, 1,087 untraded and 11 suspended. Turnover expanded to 2.55 billion units valued at RM3.06 billion from yesterday’s 2.19 billion units valued at RM2.35 billion.
KUALA LUMPUR (Feb 21): The FBM KLCI gained 2.18 points or 0.12% to close at 1,858.17 today on marginally improved market sentiment as investors focussed on fourth quarter financial results.
"The local market is currently not so heavily affected by other international markets, as local investors are shifting their focus to the Malaysian corporate results season," said Areca Capital Sdn Bhd chief executive officer Danny Wong Teck Meng said.
"So far, most companies reported year-on-year fourth quarter improvement. As it is still going on, we just need to wait and see if this improvement is broad-based," Wong told theedgemarkets.com.
JF Apex Securities Bhd research analyst Lee Cherng Wee said the KLCI only rose marginally today as there were not many positive surprises from the financial results released so far to excite the market.
A total of 2.28 billion shares worth RM2.531 billion were traded across Bursa Malaysia, with gainers leading losers 557 to 311, while 458 counters closed unchanged.
Top gainers were Ajinomoto (M) Bhd, Hengyuan Refining Company Bhd and Nestle (M) Bhd, while top losers were Dutch Lady Milk Industries Bhd, Batu Kawan Bhd and UMS Holdings Bhd.
Elsewhere in Asia, South Korea's KOSPI rose 0.55% and Hong Kong's Hang Seng rose 1.2%.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.7% after slipping earlier in the session following the US market losses, which snapped a six-session winning streak, Reuters reported.
Source: The Edge

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