KUALA LUMPUR, June 18 (Bernama) -- Bursa Malaysia’s key index finished marginally higher, supported by strong buying interest in consumer-related counters, amid mixed performance across regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 1.40 points, or 0.08 per cent, to 1,711.39 from Tuesday's close of 1,709.99. The key index opened 12.36 points firmer at 1,722.35 and moved between 1,711.31 and 1,722.63 throughout the session. Market breadth was negative, with losers leading gainers 678 to 493, while 549 counters were unchanged, 1,016 untraded and 34 suspended. Turnover increased to 4.50 billion units worth RM3.45 billion from 3.93 billion units worth RM3.45 billion on Tuesday.
KUALA
LUMPUR (Jan 11): The FBM KLCI closed up 4.34 points or 0.26% at
1,683.22 after Asian shares ended higher today. World equities took cue
from the US Federal Reserve's dovish stance and news that US and Chinese
officials are preparing for higher-level trade talks.
Bursa Malaysia small market capitalisation (small-cap) stocks rose by a larger quantum as investor interest appeared focused on Bursa Malaysia small-cap stocks. The small-cap index closed up 113.33 points or 0.94% at 12,104.83.
“We’re seeing a rotational play into small-cap (companies), particularly into technology-linked stocks and the oil and gas sector,” said Stephen Soo, senior technical analyst at TA Securities Holdings Bhd.
Across Bursa Malaysia, 2.89 billion shares were traded for RM2.17 billion. There were 526 gainers and 283 decliners.
Sapura Energy Bhd, Bumi Armada Bhd and VS Industry Bhd were among the most-actively traded stocks. Leading gainers included KESM Industries Bhd, Fraser & Neave Holdings Bhd and TIME dotCom Bhd.
Bursa Malaysia small market capitalisation (small-cap) stocks rose by a larger quantum as investor interest appeared focused on Bursa Malaysia small-cap stocks. The small-cap index closed up 113.33 points or 0.94% at 12,104.83.
“We’re seeing a rotational play into small-cap (companies), particularly into technology-linked stocks and the oil and gas sector,” said Stephen Soo, senior technical analyst at TA Securities Holdings Bhd.
Across Bursa Malaysia, 2.89 billion shares were traded for RM2.17 billion. There were 526 gainers and 283 decliners.
Sapura Energy Bhd, Bumi Armada Bhd and VS Industry Bhd were among the most-actively traded stocks. Leading gainers included KESM Industries Bhd, Fraser & Neave Holdings Bhd and TIME dotCom Bhd.
Soo said a stronger ringgit against the US dollar and higher crude
oil prices also supported stock markets. At the time of writing, the
ringgit strengthened to 4.0960 against the US dollar amid news crude oil
prices were on track for weekly gains.
Reuters reported that oil prices were on track for solid weekly gains on Friday after financial markets were lifted by hopes the US and China may soon resolve their trade disputes, and as OPEC-led crude output cuts tightened supply.
It was reported that Brent crude futures were traded at US$61.62 per barrel at 0749 GMT while US West Texas Intermediate (WTI) crude futures changed hands at US$52.63 per barrel. It was reported that Brent and WTI are set for their second week of gains, rising nearly 8 percent and 10 percent respectively.
Source: The Edge
Reuters reported that oil prices were on track for solid weekly gains on Friday after financial markets were lifted by hopes the US and China may soon resolve their trade disputes, and as OPEC-led crude output cuts tightened supply.
It was reported that Brent crude futures were traded at US$61.62 per barrel at 0749 GMT while US West Texas Intermediate (WTI) crude futures changed hands at US$52.63 per barrel. It was reported that Brent and WTI are set for their second week of gains, rising nearly 8 percent and 10 percent respectively.
Source: The Edge
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