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 (Jan 9): The FBM KLCI ended up 6.55 points or 0.41% today at 1,595.65 with Asian shares as fears over a further escalation in Iran-US hostility subsided.
Reuters reported that US President Donald Trump responded to an Iranian attack on US forces with sanctions, not violence. It was reported that Iran offered no immediate signal it would retaliate further over a Jan 3 US strike that killed a senior military commander.
In Malaysia today, Rakuten Trade Sdn Bhd research vice president Vincent Lau told theedgemarkets.com the temporary de-escalation in the tension between the US and Iran in the Middle East contributed to more positive investor sentiment.
"The cool-down in US-Iran tensions contributed to today's (KLCI) rise, which was in line with key regional markets," said Lau.
Across Bursa Malaysia, 2.83 billion shares worth RM1.89 billion were
traded today. A total of 601 counters gained versus 254 decliners.
Top gainers included Hong Leong Financial Group Bhd and Kuala Lumpur Kepong Bhd. Leading decliners included Petronas Chemicals Bhd and Tomei Consolidated Bhd.
Across Asian stock markets, Japan's Nikkei 225 closed up 2.31% while South Korea's Kospi rose 1.63%.
In China, the Shanghai Stock Exchange Composite closed 0.91% higher while Hong Kong's Hang Seng added 1.68%.
Source: The Edge
Top gainers included Hong Leong Financial Group Bhd and Kuala Lumpur Kepong Bhd. Leading decliners included Petronas Chemicals Bhd and Tomei Consolidated Bhd.
Across Asian stock markets, Japan's Nikkei 225 closed up 2.31% while South Korea's Kospi rose 1.63%.
In China, the Shanghai Stock Exchange Composite closed 0.91% higher while Hong Kong's Hang Seng added 1.68%.
Source: The Edge
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