KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 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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