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 (July 17): The FBM KLCI increased 10.61 points or 0.61% after
Public Bank Bhd shares jumped in the final trading minutes and as
foreign selling of Malaysian shares appeared to have eased.
At 5pm, the KLCI ended at its intraday high at 1,737.28 points. Bursa Malaysia top gainer Public Bank rose 58 sen to RM23.60. Gains in other KLCI-linked counters like Digi.Com Bhd and Tenaga Nasional Bhd also lifted the KLCI.
Hong Leong Investment Bank Bhd head of retail research Loui Low said: "Foreign selling of Malaysian shares has narrowed and it is a good sign for investors."
Across Asian stock markets, Japan’s Nikkei 225 was up 0.44%, South Korea's Kospi fell 0.18% while Hong Kong's Hang Seng was 1.25% lower.
Reuters reported that Asian stocks were mostly lower on Tuesday, with a sharp decline in crude oil prices weighing on energy shares, while the dollar dipped ahead of Federal Reserve Chairman Jerome Powell's first US congressional testimony.
In Malaysia tomorrow (July 18), the Statistics Department is scheduled to announce the nation's June 2018 inflation numbers. Reuters reported that its poll showed that Malaysia's annual inflation rate likely eased to 1.3 percent in June from 1.8 percent the previous month, thanks to the withdrawal of the goods and services tax.
Source: The Edge
At 5pm, the KLCI ended at its intraday high at 1,737.28 points. Bursa Malaysia top gainer Public Bank rose 58 sen to RM23.60. Gains in other KLCI-linked counters like Digi.Com Bhd and Tenaga Nasional Bhd also lifted the KLCI.
Hong Leong Investment Bank Bhd head of retail research Loui Low said: "Foreign selling of Malaysian shares has narrowed and it is a good sign for investors."
Across Asian stock markets, Japan’s Nikkei 225 was up 0.44%, South Korea's Kospi fell 0.18% while Hong Kong's Hang Seng was 1.25% lower.
Reuters reported that Asian stocks were mostly lower on Tuesday, with a sharp decline in crude oil prices weighing on energy shares, while the dollar dipped ahead of Federal Reserve Chairman Jerome Powell's first US congressional testimony.
In Malaysia tomorrow (July 18), the Statistics Department is scheduled to announce the nation's June 2018 inflation numbers. Reuters reported that its poll showed that Malaysia's annual inflation rate likely eased to 1.3 percent in June from 1.8 percent the previous month, thanks to the withdrawal of the goods and services tax.
Source: The Edge
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