KUALA LUMPUR, Dec 12 (Bernama) -- Bursa Malaysia’s key index closed higher today on bargain hunting, in line with positive investor sentiment across regional markets, consolidating at its highest level in more than two months — a level last seen on Oct 2, 2025. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 12.42 points, or 0.76 per cent, to 1,637.81, compared with Thursday’s close of 1,625.39. The benchmark index opened 2.83 points lower at 1,622.56, thereafter edged down to an early low of 1,622.03, before staging an uptrend to an intraday high of 1,640.36 in late trading. Market breadth was positive, with gainers trouncing decliners at 743 versus 387. Another 530 counters were unchanged, 1,108 untraded, and 16 suspended. Turnover increased to 3.09 billion units worth RM2.46 billion from 2.99 billion units worth RM2.35 billion on Thursday. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the FBM KLCI ended higher on continued...
KUALA LUMPUR (Feb 20): The FBM KLCI jumped 19.62 points or 1.15% on positive sentiment following gains on Wall Street overnight and news of a potential revival of the East Coast Rail Link (ECRL) project.
The index closed at a four-month high of 1,726.18 after hitting an intraday high of 1,727.25. This is the third consecutive day of gains for the KLCI.
Inter Pacific Securities research head Pong Teng Siew told theedgemarkets.com that local funds were reacting to news that Malaysia and China could come close to an agreement in the reinstatement of the ECRL project, which immediately drew attention back to the construction sector.
Bursa Malaysia's construction index grew 6.74 points or 3.68% to 189.93, making it the top gainer in percentage terms among the bourse's indices.
"This is probably driven by the development that Malaysia and China
would come to some kind of agreement which will be a big boost to the
construction sector," said Pong.
Among the KLCI component stocks, Axiata Group Bhd was the top gainer, followed by Genting Bhd.
Axiata closed 20 sen or 4.87% higher at RM4.31, while Genting rose 31 sen or 4.31% to RM7.50.
Total turnover on Bursa was 3.82 billion shares worth RM3.27 billion. Gainers led losers by 724 to 252, while 346 counters remained unchanged.
Elsewhere in Asia, Japan's Nikkei 225 grew 0.6%, South Korea's Kospi rose 1.09% while Hong Kong's Hang Seng was up 1.01%.
Reuters reported that Asian stocks advanced to 4½-month highs today as investors bet that Chinese and US trade negotiators would be able to secure a deal to de-escalate their year-long tariff war.
The newswire noted US President Donald Trump's remarks yesterday that trade talks with China were going well and suggested he was open to pushing off the March 1 deadline to complete negotiations.
US tariffs on US$200 billion (RM813.86 billion) worth of Chinese imports are scheduled to rise to 25% from 10% if no trade deal is reached by March 1.
Source: The Edge
Among the KLCI component stocks, Axiata Group Bhd was the top gainer, followed by Genting Bhd.
Axiata closed 20 sen or 4.87% higher at RM4.31, while Genting rose 31 sen or 4.31% to RM7.50.
Total turnover on Bursa was 3.82 billion shares worth RM3.27 billion. Gainers led losers by 724 to 252, while 346 counters remained unchanged.
Elsewhere in Asia, Japan's Nikkei 225 grew 0.6%, South Korea's Kospi rose 1.09% while Hong Kong's Hang Seng was up 1.01%.
Reuters reported that Asian stocks advanced to 4½-month highs today as investors bet that Chinese and US trade negotiators would be able to secure a deal to de-escalate their year-long tariff war.
The newswire noted US President Donald Trump's remarks yesterday that trade talks with China were going well and suggested he was open to pushing off the March 1 deadline to complete negotiations.
US tariffs on US$200 billion (RM813.86 billion) worth of Chinese imports are scheduled to rise to 25% from 10% if no trade deal is reached by March 1.
Source: The Edge
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