KUALA LUMPUR, March 10 (Bernama) -- Bursa Malaysia rebounded to end higher today with the benchmark FBM KLCI reclaiming the 1,700 psychological level, supported by improved global sentiment after US President Donald Trump signalled a potential de-escalation of the Iran conflict, alongside Malaysia’s stronger Industrial Production Index (IPI) data. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 27.51 points, or 1.64 per cent, to 1,701.68 from yesterday’s close of 1,674.17. The benchmark index opened 10.68 points higher at 1,684.85, its lowest point today, and hit a high of 1,703.61 in the late afternoon session. Market breadth was positive, with gainers thumping losers 929 to 382. A total of 361 counters were unchanged, 982 untraded and 19 suspended. Turnover declined to 3.60 billion units worth RM3.75 billion from yesterday’s 5.52 billion units worth RM5.87 billion.
KUALA LUMPUR (June 27): The FBM KLCI continued its losing streak for the third day in a row due to profit-taking activities in selected heavyweights, in anticipation of the G20 summit this evening.
The benchmark index closed 0.57 points or 0.03% lower at 1,672.13. The index was mostly in the positive territory during the second half of the trading session today, before the last minute selling.
Malacca Securities Sdn Bhd senior analyst Kenneth Leong said the KLCI has erased all its earlier gains in the final trading hour as investors took profits in selected index heavyweights.
"The negative performance today is as investors opt to stay out of the market due to the uncertainty of the Sino-US talks' progress," Leong told theedgemarkets.com.
He noted that the weakness today was also in line with the negative performance across other Asian benchmark indices.
Among decliners, Maxis Bhd fell 23 sen or 3.97% to close at RM5.57.
Overall, some 2.22 billion shares worth RM1.84 billion were traded on Bursa Malaysia. Losers led gainers by 413 to 334, while 450 counters remained unchanged.
Elsewhere in Asia, Japan's Nikkei 225 dropped 0.29%, South Korea's Kospi fell 0.17% and Hong Kong's Hang Seng was down 0.28%.
Reuters reported that Asian shares stumbled today and gold jumped amid rising doubts that the highly anticipated meeting between US President Donald Trump and Chinese President Xi Jinping could lead to an easing of trade tensions.
Uncertainty over whether the talks will produce progress in ending the year-long trade war between the world's two largest economies comes amid signs of rising risks to global growth, the newswire added.
Source: The Edge
Among decliners, Maxis Bhd fell 23 sen or 3.97% to close at RM5.57.
Overall, some 2.22 billion shares worth RM1.84 billion were traded on Bursa Malaysia. Losers led gainers by 413 to 334, while 450 counters remained unchanged.
Elsewhere in Asia, Japan's Nikkei 225 dropped 0.29%, South Korea's Kospi fell 0.17% and Hong Kong's Hang Seng was down 0.28%.
Reuters reported that Asian shares stumbled today and gold jumped amid rising doubts that the highly anticipated meeting between US President Donald Trump and Chinese President Xi Jinping could lead to an easing of trade tensions.
Uncertainty over whether the talks will produce progress in ending the year-long trade war between the world's two largest economies comes amid signs of rising risks to global growth, the newswire added.
Source: The Edge
Comments
Post a Comment