KUALA LUMPUR, March 17 (Bernama) -- Bursa Malaysia extended gains to a third consecutive session today, driven by broad-based buying across various sectors following the recent strong sell-off, in line with the performance of regional markets, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 15.66 points, or 1.04 per cent, to 1,527.81 from Friday’s close of 1,512.15. The benchmark index opened 5.43 points firmer at 1,517.58 -- its intraday low -- and peaked at 1,531.63 during the mid-morning session and maintained its momentum throughout the afternoon session. On the broader market, gainers thumped decliners 708 to 297, while 425 counters were unchanged, 994 untraded, and seven suspended. Turnover improved to 3.28 billion units worth RM2.40 billion from 3.24 billion units worth RM2.5 billion on Friday.
KUALA LUMPUR (Feb 14): The FBM KLCI closed up 3.76 points or 0.22% while trading volume across Bursa Malaysia rose to 3.89 billion shares as investors took cue from factors including higher crude oil prices. At 5pm, the KLCI ended at its intraday high at 1,689.06.
Analysts said higher crude oil prices supported gains among oil and gas-related shares on Bursa Malaysia. These include top-active stock Sapura Energy Bhd, the share-trade volume of which jumped to over 612 million units.
TA Securities Holdings Bhd technical analyst Steven Soo told theedgemarkets.com that "oil and gas stocks are bouncing back strongly mainly driven by the rise in oil prices".
Reuters reported that oil prices rose by around 1% on Thursday, with Brent crude futures hitting a 2019-high, buoyed by hopes that the Sino-US tariff dispute could end soon and as China's trade figures including crude imports beat forecasts.
It was reported that international Brent crude oil futures were at
US$64.35 per barrel at 0754 GMT, up 74 cents, or 1.1%, from their last
close. It was reported that Brent hit a 2019-high of US$64.43 per barrel
earlier in the session while US West Texas Intermediate (WTI) crude
futures were at US$54.46 per barrel, up 57 cents, or 1.1%, from their
last settlement.
Across Bursa Malaysia today, trading volume rose to 3.89 billion shares valued at RM2.29 billion. Yesterday, 2.63 billion shares were traded for RM1.88 billion.
Today, Bursa Malaysia's energy index closed up 37.85 points or 4.15% at 949.53 as oil and gas shares took cue from higher crude oil prices.
Sapura Energy's trading volume jumped to some 612 million shares from about 29 million units yesterday. Today, the stock climbed three sen to close at 30.5 sen.
Bumi Armada Bhd was the second most-active stock today with some 303 million shares traded. The stock rose two sen to 24.5 sen.
Source: The Edge
Across Bursa Malaysia today, trading volume rose to 3.89 billion shares valued at RM2.29 billion. Yesterday, 2.63 billion shares were traded for RM1.88 billion.
Today, Bursa Malaysia's energy index closed up 37.85 points or 4.15% at 949.53 as oil and gas shares took cue from higher crude oil prices.
Sapura Energy's trading volume jumped to some 612 million shares from about 29 million units yesterday. Today, the stock climbed three sen to close at 30.5 sen.
Bumi Armada Bhd was the second most-active stock today with some 303 million shares traded. The stock rose two sen to 24.5 sen.
Source: The Edge
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