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 (Feb 13): The FBM KLCI closed 0.24% lower today, dragged by a sell-off in tourism and banking stocks following renewed fears of the Covid-19 outbreak arising from a sudden jump in death toll announced by China today.
The benchmark index erased early gains to close 3.78 points lower at 1,539.16, from a selldown in Malaysia Airports Holdings Bhd, Hong Leong and CIMB stocks.
TA Research analyst Stephen Soo said he expects the KLCI to drift lower towards the weekend amid renewed fears over the Covid-19 outbreak coupled with the recently-announced weak GDP numbers for Malaysia for 4Q19.
“There was some bargain hunting amongst mid- and small-cap stocks but the market had not priced in any upside from the upcoming economic stimulus package from the Government pending more details,” Soo told theedgemarkets.com.
The global death toll from Covid-19 topped 1,300 today, after health authorities at the outbreak centre in Hubei, China announced 242 new deaths — representing the largest single day rise since the epidemic began and almost 10 times the number of cases confirmed the previous day, CNN reported.
At the time of writing, there were 60,392 confirmed cases with 1,369 deaths and 6,081 cured cases.
Across the wider Bursa Malaysia, buying interest persisted with 452 counters in the green against 361 decliners, while 415 counters closed unchanged.
Throughout the day, the bourse saw 2.74 billion shares valued at RM2.3 billion traded.
Gainers were led by Carlsberg Brewery (M) Bhd, which hit a record high of RM35.66 — up RM2.26 — as it was included in the MSCI Global Standard Index today.
On the contrary, British American Tobacco (M) Bhd led the decliners after it was removed from the MSCI Global Index and placed in the MSCI Malaysia Small-Cap Index. The counter closed 72 sen lower at RM11.60.
Among other Asian indices, China’s SSE Composite Index retreated 0.71%, Hong Kong’s Hang Seng Index slid 0.34% while Singapore’s Strait Times Index fell 0.2%.
Source: The Edge
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