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 (July 16): The FBM KLCI closed down 3.43 points or 0.21% as investors appeared to favour Bursa Malaysia's lower liner and small market-capitalisation (small cap) stocks over large cap entities amid external uncertainties.
Analysts said these uncertainties include a potential US interest rate cut and the outlook of the US-China trade dispute. At Bursa, the KLCI closed at 1,668.94 at 5pm while the FBM70 index rose 41.84 points or 0.28% to 14,950.68.
Sector wise, the Energy Index climbed 17.44 points or 1.58% to 1,123.74 to become the largest percentage gainer across Bursa indices as investors grappled with external uncertainties.
"The outlook for the local market is still a bit uncertain. There are a few factors in the background that are affecting investor sentiment, including a potential cut in US interest rates and the US-China trade dispute," said an analyst with a local research house.
Globally, Reuters reported that although most Asian stock
markets rose on Tuesday, gains were, however, limited as investors
awaited US retail sales data and corporate earnings to gauge the health
of the world's biggest economy ahead of a likely US rate cut later this
month.
In Malaysia today, analysts said lower liner and small-cap stocks could be in demand as investors evaluated the impact of global uncertainties on the broader market.
Earlier today, TA Securities Holdings Bhd wrote in a note that "the recent strong trading momentum on lower liners and small caps should continue to highlight trading and cushion profit-taking".
Such sentiment on lower liner and small cap stocks helped volume across Bursa reach 3.32 billion shares worth RM2.09 billion. At a glance, energy-related stocks including KNM Group Bhd and Bumi Armada Bhd closed up among the most active counters across the exchange.
KNM and Bumi Armada registered a volume of some 175 million and 127 million shares respectively. KNM closed up 1.5 sen or 3.9% at 40 sen while Bumi Armada ended unchanged at 25 sen.
Source: The Edge
In Malaysia today, analysts said lower liner and small-cap stocks could be in demand as investors evaluated the impact of global uncertainties on the broader market.
Earlier today, TA Securities Holdings Bhd wrote in a note that "the recent strong trading momentum on lower liners and small caps should continue to highlight trading and cushion profit-taking".
Such sentiment on lower liner and small cap stocks helped volume across Bursa reach 3.32 billion shares worth RM2.09 billion. At a glance, energy-related stocks including KNM Group Bhd and Bumi Armada Bhd closed up among the most active counters across the exchange.
KNM and Bumi Armada registered a volume of some 175 million and 127 million shares respectively. KNM closed up 1.5 sen or 3.9% at 40 sen while Bumi Armada ended unchanged at 25 sen.
Source: The Edge
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