KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia's key index closed at an intraday high today, supported by continued buying interest even as renewed geopolitical tensions and a weaker overnight lead from Wall Street following the US Federal Reserve's (Fed) decision to stand pat on interest rates weighed on broader sentiment. The Fed has decided to hold rates steady for the fifth consecutive meeting, with the Federal Funds Rate unchanged between 3.50 per cent and 3.75 per cent. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.84 points to 1,720.40 from yesterday’s close of 1,715.56. The benchmark index, which opened 1.14 points lower at 1,714.42, hit its lowest level of 1,710.69 in early trade before gaining momentum for the rest of the day. However, the broader market was negative with losers outpacing gainers 581 to 411, while 612 counters were unchanged, 1,173 untraded, and 87 suspended. Turnover declined to 2.49 billion units valued at RM2.25 billion from ...
KUALA LUMPUR (May 7): The FBM KLCI closed 13.63 points or 0.7% lower amid cautious sentiment ahead of Malaysia's 14th General Election (GE14) on Wednesday.
At 5pm, the KLCI settled at 1,828.2 points after trading between 1,821.79 and 1,842.56 points. Bursa Malaysia's small-cap index dropped 183.26 points or 1.26% to settle at 14,392.40 points.
“Everyone is looking and focusing at the GE14 outcome," Hong Leong Investment Bank Bhd head of retail research Loui Low told theedgemarkets.com.
Across Bursa Malaysia, 1.92 billion shares worth RM2.1 billion were traded. KLCI-linked Telekom Malaysia Bhd (TM) and Astro Malaysia Holdings Bhd were the KLCI's leading decliners in percentage terms.
TM shares closed 3.1% lower at RM5 while Astro fell 2.22% to RM1.76.
Source: The Edge
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