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 (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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