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.
Market Daily Report: Bursa scores another record volume at 11.21b securities on crude oil price rise
KUALA LUMPUR (May 18): The FBM KLCI closed up 6.72 points or 0.48% at 1,410.16 today, as trade volume across Bursa Malaysia rose to another record high in less than a week at 11.21 billion securities. Trade volume rose, as higher crude oil prices led to heavy trading of shares in Bursa Malaysia-listed oil and gas-related companies.
At 5pm, Bursa saw 11.21 billion securities worth RM4.41 billion traded across the exchange.
Globally, It was reported that oil prices climbed by more than US$1 a barrel on Monday, supported by output cuts and signs of gradual demand recovery, amid easing coronavirus curbs, with U.S. oil showing no signs of last month's contract expiry price rout.
Reuters reported Brent crude was up US$1.06 or 3.3% at US$33.56 a barrel by 0452 GMT, after touching its highest since April 13. U.S. West Texas Intermediate crude was up US$1.29 or 4.4% at US$30.72 a barrel, after rising to its highest since March 16.
Trade volume across Bursa closed up at another all-time high today,
after rising on Wednesday (May 13) to the previous record high of 9.59
billion units, as the spectre of a resurgence of the Covid-19 outbreak
dictated world stock market sentiment then.
Prior to Wednesday, Bursa’s all-time high trading volume was on Aug 20, 2014, when the exchange saw 7.67 billion securities transacted.
Source: The Edge
Prior to Wednesday, Bursa’s all-time high trading volume was on Aug 20, 2014, when the exchange saw 7.67 billion securities transacted.
Source: The Edge

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