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 30): The FBM KLCI rose 1.12 points or 0.06% on bargain hunting and as investors anticipated Japan and the US central banks' monetary policy decisions this week.
At Bursa Malaysia today, the KLCI closed at 1,770.26 points at 5pm after volatile trade. Earlier, the KLCI rose to its intraday high at 1,770.47 points and fell to its intraday low at 1,764.28 points.
Reuters reported that the US Federal Reserve (Fed) meets on Tuesday and Wednesday and is widely expected to stand pat while reaffirming the outlook for further gradual rate rises. The market is almost fully priced for a hike in September and leaning towards a further move before year-end.
A Bank of Japan policy meeting that ends on Tuesday has taken on greater importance amid talk it could tweak its massive asset-buying campaign.
In Malaysia, Inter-Pacific Securities Sdn Bhd head of research Pong Teng Siew told theedgemarkets.com that "investors were cautious ahead of the Fed meeting”.
Across Bursa Malaysia, 2.2 billion shares worth RM2.03 billion were traded. Top gainers included Hong Leong Bank Bhd and Petronas Gas Bhd while top decliners included Malaysian Pacific Industries Bhd and BLD Plantation Bhd.
Source: The Edge
Comments
Post a Comment