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 (May 21): The FBM KLCI erased gains in the second half of trading today as trade tensions between the US and China weighed on investor sentiment.
The key market barometer closed at 1,603.74, down 1.62 points or 0.1%.
"(In the broader market,) the technology sector suffered the worst decline, with the Bursa Malaysia Technology Index falling 3.5%," said Malacca Securities Sdn Bhd senior analyst Kenneth Leong.
Leong advised investors to keep an eye out for corporate earnings being released towards the end of the month, although the research house does not expect a significant change in market from the earnings releases.
Market breadth was negative as 558 stocks closed in the red, more than two times the number of gainers, at 203.
Trading activity was muted as the day was sandwiched between two public holidays. Some 1.8 billion shares valued at RM1.46 billion changed hands.
Bursa was closed yesterday for the Wesak Day holiday and will be on a break tomorrow for Nuzul al-Quran.
Lambo Group Bhd, Barakah Offshore Petroleum Bhd and Bumi Armada Bhd were the most actively traded stocks today.
Across Asia, most markets regained some ground after being sold down on Monday due to US President Donald Trump's trade restrictions on China's Huawei stoking fears over the trade war between both countries, Reuters reported.
The Shanghai Composite Index climbed 1.23% while South Korea's Kospi gained 0.27%, supported by heavyweight smartphone maker Samsung Electronics, a key Huawei rival.
However, Japan's Nikkei closed in the red as it lost 0.14%.
Source: The Edge
Trading activity was muted as the day was sandwiched between two public holidays. Some 1.8 billion shares valued at RM1.46 billion changed hands.
Bursa was closed yesterday for the Wesak Day holiday and will be on a break tomorrow for Nuzul al-Quran.
Lambo Group Bhd, Barakah Offshore Petroleum Bhd and Bumi Armada Bhd were the most actively traded stocks today.
Across Asia, most markets regained some ground after being sold down on Monday due to US President Donald Trump's trade restrictions on China's Huawei stoking fears over the trade war between both countries, Reuters reported.
The Shanghai Composite Index climbed 1.23% while South Korea's Kospi gained 0.27%, supported by heavyweight smartphone maker Samsung Electronics, a key Huawei rival.
However, Japan's Nikkei closed in the red as it lost 0.14%.
Source: The Edge
Comments
Post a Comment