KUALA LUMPUR, Sept 7 (Bernama) -- Bursa Malaysia traded higher on Monday, supported by renewed buying interest in selected banking and telecommunications heavyweights, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 6.69 points, or 0.39 per cent, to 1,714.79, compared with Friday’s close of 1,708.10. The benchmark index opened 1.60 points higher at 1,709.70 and fluctuated between 1,708.26 and 1,715.29 throughout the trading session. The broader market, however, was negative with losers outpacing gainers 611 to 488, while 580 counters were unchanged, 1,109 untraded and 25 suspended. Turnover declined to 3.60 billion units valued at RM2.45 billion from 4.33 billion units valued at RM2.98 billion on Friday.
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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