KUALA LUMPUR, Jan 7 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) recovered from yesterday’s losses to close higher Tuesday, driven by bargain-hunting amidst the positive momentum on Wall Street overnight and most regional markets. At 5 pm, the market bellwether increased 4.32 points or 0.26 per cent to 1,629.79 compared with Monday’s close of 1,625.47. The index opened 0.97 of-a-point lower at 1,624.50 and moved between 1,624.50 and 1,634.27 throughout the day. However, the broader market was negative with losers outpacing gainers 614 to 490, while 537 counters were unchanged, 712 untraded and 10 others suspended. Turnover improved to 3.91 billion units valued at RM3.29 billion against Monday’s 3.47 billion units valued at RM2.66 billion. UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan said optimism in the...
KUALA LUMPUR (Jan 31): Bursa Malaysia ended its half-day trading session on Monday (Jan 31) mixed as investors remained on the sidelines ahead of the Chinese New Year celebrations, an analyst said. At 12.30pm, the benchmark FBM KLCI settled down 0.51% or 7.75 points at 1,512.27 from 1,520.02 at last Friday's close. The key index, which opened 0.3 of a point lower at 1,519.72, moved between 1,512.27 and 1,523.63 during the session. Overall market breadth was positive with gainers outpacing losers 452 to 324, while 372 counters were unchanged, 1,100 untraded, and 52 others suspended. Total turnover declined to 1.21 billion units valued at RM1.09 billion versus the two billion units worth RM1.54 billion recorded for last Friday’s full-day session. A dealer said among the indices, the plantation index dropped 114.64 points to 6,535.47, mainly dragged by Sime Darby Plantation Bhd (SDP). Last Friday, the US Customs and Border Protect...