KUALA LUMPUR, Jan 7 (Bernama) -- Bursa Malaysia’s benchmark index rebounded from earlier losses to close at its intraday high on Wednesday, gaining 0.27 per cent in late trading as buying interest returned to selected heavyweights. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 4.48 points to 1,676.83 from Tuesday’s close of 1,672.35. The benchmark index opened 0.88 of-a-point lower at 1,671.47 and subsequently hit a low of 1,665.94 during the mid-morning session before gaining momentum toward closing. On the broader market, losers led gainers by 565 to 512, while some 526 counters were unchanged, 1,046 untraded, and 10 suspended. Turnover improved to 2.73 billion units worth RM2.76 billion versus Tuesday’s 2.66 billion units worth RM2.76 billion. Dealers said that investors were cautious following geopolitical developments in Asia.
KUALA LUMPUR (Aug 30): The FBM KLCI rose 16.96 points or 1.06% today to close at its intraday high as news on US and China's willingness to continue trade negotiations buoyed world markets.
At 5pm, the KLCI closed up at 1,612.14 points amid broad-based buying across Bursa Malaysia. All Bursa indices closed in positive territory save for the ACE Market gauge.
Malacca Securities Sdn Bhd senior analyst Kenneth Leong said the KLCI rose on US-China trade optimism and as investors bargain hunted for selected KLCI stocks on August's final trading day today.
Today also marks the conclusion of the Malaysian corporate financial reporting season for the April-to-June quarter. At a glance today, Bursa top gainers included KLCI components Petronas Dagangan Bhd, Hong Leong Financial Group Bhd and Kuala Lumpur Kepong Bhd.
“The sharp uptick on the key index (KLCI) was also in line with the
positive sentiment across its regional peers," Leong told
theedgemarkets.com
Reuters reported that Asian shares jumped to a one-week high on Friday as the United States and China showed a willingness to resolve their trade dispute by returning to the negotiating table, though lingering recession fears tempered some of the enthusiasm.
It was reported that China's Commerce Ministry said both sides are discussing the next round of talks scheduled for September, but progress would be determined by whether Washington could create favorable conditions. US President Donald Trump said in a Fox News radio interview that trade talks were scheduled for Thursday "at a different level," but did not provide details, according to Reuters.
Next week, Malaysian markets will be closed on Monday (Sept 2) in lieu of Awal Muharram, which falls on Sunday. Trading resumes on Tuesday (Sept 3).
Source: The Edge
Reuters reported that Asian shares jumped to a one-week high on Friday as the United States and China showed a willingness to resolve their trade dispute by returning to the negotiating table, though lingering recession fears tempered some of the enthusiasm.
It was reported that China's Commerce Ministry said both sides are discussing the next round of talks scheduled for September, but progress would be determined by whether Washington could create favorable conditions. US President Donald Trump said in a Fox News radio interview that trade talks were scheduled for Thursday "at a different level," but did not provide details, according to Reuters.
Next week, Malaysian markets will be closed on Monday (Sept 2) in lieu of Awal Muharram, which falls on Sunday. Trading resumes on Tuesday (Sept 3).
Source: The Edge
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