KUALA LUMPUR, April 25 (Bernama) -- Bursa Malaysia extended its uptrend for a third consecutive day on Friday, closing higher on renewed buying interest amid positive regional market performance due to potential de-escalating US-China trade tensions. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.68 points, or 0.18 per cent, to 1,509.20 from Thursday’s close of 1,506.52. The benchmark index opened 5.12 points better at 1,511.64, and moved between 1,505.68 and 1,512.29 throughout the day. Market breadth was positive, with advancers beating decliners 651 to 325, while 434 counters were unchanged, 1,047 untraded, and 39 suspended. Turnover improved to 3.10 billion units valued at RM1.95 billion against Thursday’s 3.08 billion units valued at RM2.14 billion.
KUALA LUMPUR (Jan 10): The FBM KLCI closed up 11.05 points or 0.66% after a late spike in Maxis Bhd and Tenaga Nasional Bhd share prices led to the KLCI's sharp rise in the final trading minutes.
At 5pm, the KLCI closed at 1,678.88. Maxis closed up 18 sen or 3.3% at RM5.64 while Tenaga rose 20 sen or 1.46% to RM13.86.
On the KLCI, Public Investment Bank Bhd analyst Lee Siao Ping said: “The buying interest is there, but the selling interest is equivalent. A bullish trend can only be confirmed if the KLCI breaks the 1,700 barrier next week.”
Across Bursa Malaysia today, 3.45 billion shares worth RM2.66 billion exchanged hands. Top gainers included Nestle (M) Bhd, Petronas Gas Bhd and MISC Bhd.
In currency markets, the ringgit strengthened to 4.099 against the US
dollar at the time of writing. The exchange rate reached 4.0935 earlier
today.
Bloomberg reported that the ringgit rose to the highest in more than four months after WTI crude entered a bull market and the dollar faltered again.
Reuters reported that Asian shares edged up on Thursday on a weaker dollar and hopes of more economic stimulus in China, but many stocks see-sawed as markets awaited some details on this week's US-China trade talks amid hopes an all-out trade war can be averted.
Source: The Edge
Bloomberg reported that the ringgit rose to the highest in more than four months after WTI crude entered a bull market and the dollar faltered again.
Reuters reported that Asian shares edged up on Thursday on a weaker dollar and hopes of more economic stimulus in China, but many stocks see-sawed as markets awaited some details on this week's US-China trade talks amid hopes an all-out trade war can be averted.
Source: The Edge
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