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 (Nov 11): The FBM KLCI closed 1.58 points or 0.1% lower today on profit taking and as investors weighed fresh violence in the Hong Kong protest and watched the progress of US-China trade talks.
At Bursa Malaysia, the KLCI closed at 1,608.15, after paring losses sharply in the final trading hour from its intraday low at 1,601.99. The KLCI, which opened higher, had earlier risen to its intraday high at 1,611.43.
Rakuten Trade Sdn Bhd vice president of research Vincent Lau told theedgemarkets.com that profit taking in the KLCI followed buying of KLCI-linked stocks over the last few days.
"The negative performance of the KLCI today was in line with regional markets, due to uncertainty," Lau said.
Globally, Reuters reported Asian shares sank on Monday, the
safe haven yen rose and gold jumped following a fresh escalation of
violence in Hong Kong, while uncertainty still remained over whether the
US and China could end their damaging trade war.
It was reported US President Donald Trump told reporters on Saturday that talks with China had moved more slowly than he would have liked, but added Beijing wanted a deal more than he did. That was a more upbeat tone than just a few days earlier, when he had stressed the White House would not agree to a full rollback of existing tariffs, remarks that hit stock prices and the dollar, according to Reuters.
Today, Bursa saw 2.37 billion shares worth RM1.64 billion traded across the exchange. Top decliners included Kuala Lumpur Kepong Bhd, PPB Group Bhd and Malaysia Airports Holdings Bhd (MAHB).
Among the 30 KLCI stocks, MAHB was the largest-percentage decliner, after the stock closed down 14 sen or 1.65% at RM8.35.
Source: The Edge
It was reported US President Donald Trump told reporters on Saturday that talks with China had moved more slowly than he would have liked, but added Beijing wanted a deal more than he did. That was a more upbeat tone than just a few days earlier, when he had stressed the White House would not agree to a full rollback of existing tariffs, remarks that hit stock prices and the dollar, according to Reuters.
Today, Bursa saw 2.37 billion shares worth RM1.64 billion traded across the exchange. Top decliners included Kuala Lumpur Kepong Bhd, PPB Group Bhd and Malaysia Airports Holdings Bhd (MAHB).
Among the 30 KLCI stocks, MAHB was the largest-percentage decliner, after the stock closed down 14 sen or 1.65% at RM8.35.
Source: The Edge
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