KUALA LUMPUR, April 17 (Bernama) -- Bursa Malaysia rebounded from early losses to close higher today, supported by the upbeat performance of regional peers amid improved investor sentiment. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) added 6.35 points, or 0.43 per cent, to 1,483.27 compared to Wednesday’s close of 1,476.92. The benchmark index opened 1.75 points lower at 1,475.17 and moved between 1,473.21 and 1,487.27 throughout the day. In the broader market, gainers outpaced decliners 455 to 354, while 467 counters were unchanged, 1,134 untraded, and 19 others suspended. Turnover slipped to 2.40 billion units valued at RM1.60 billion from 3.00 billion units valued at RM1.65 billion on Wednesday.
KUALA LUMPUR (Sept 27): Trading on Bursa Malaysia ended mixed on Tuesday (Sept 27), with the benchmark index declining by 0.15%.
At 5pm, the benchmark FBM KLCI settled 2.17 points lower at an intraday low of 1,410.87, from Monday's close at 1,413.04.
The benchmark index, which opened 0.18 of a point easier at 1,412.86, had reached an intraday high of 1,420.27.
On the broader market, gainers led decliners 427 to 392, while 406 counters were unchanged, 1,172 untraded, and 20 others suspended.
Total turnover increased to 2.28 billion units worth RM1.92 billion from Monday's 2.12 billion units worth RM1.85 billion.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the local bourse remained in cautious mode, but bargain-hunting activities took place, given the attractive valuations at the moment.
"The KLCI remains in an oversold position at the present level. In view of the greater volatility, we anticipate the KLCI to trend within a wider range of 1,410-1,440 for the remaining of the week, with immediate support at 1,410 and resistance at 1,465,” he told Bernama.
Among the heavyweights, Petronas Chemicals Group Bhd advanced three sen to RM8.35, Tenaga Nasional Bhd (TNB) gained two sen to RM8.72, and Press Metal Aluminium Holdings Bhd added one sen to RM4.
Malayan Banking Bhd (Maybank) fell two sen to RM8.57, Public Bank Bhd reduced seven sen to RM4.21, CIMB Group Holdings Bhd slipped five sen to RM5.25, and IHH Healthcare Bhd lost four sen to RM5.91.
Of the actives, ACE Market debutant PT Resources Holdings Bhd rose one sen to 37 sen, CSH Alliance Bhd edged up half a sen to 3.5 sen, and Cnergenz Bhd jumped 10 sen to RM1.12.
UMediC Group Bhd advanced seven sen to 87 sen, Top Glove Corp Bhd fell 2.5 sen to 61 sen, and Velesto Energy Bhd inched down half a sen to 11.5 sen.
On the index board, the FBM Emas Index declined 13.76 points to 10,079.94, the FBM 70 eased 22.96 points to 12,247.31, and the FBMT 100 Index declined 15.95 points to 9,823.51.
The FBM Emas Shariah Index widened by 24.6 points to 10,176.56, and the FBM ACE improved 47.26 points to 4,708.38.
Sector-wise, the Energy Index was 4.8 points higher at 687.15, the Plantation Index shrank 22.09 points to 6,580.08, the Financial Services Index dipped 134.63 points to 15,954.56, and the Industrial Products and Services Index gained 1.79 points to 171.69.
The Main Market volume eased to 1.34 billion shares worth RM1.54 billion, against 1.42 billion shares worth RM1.64 billion on Monday.
Warrant turnover stood at 272.64 million units valued at RM40.33 million, from Monday’s 272.54 million units valued at RM43.63 million.
The ACE Market volume increased to 667.4 million shares worth RM340.86 million, from 422.84 million shares worth RM162.81 million.
Consumer product and service counters accounted for 139.71 million shares traded on the Main Market, followed by industrial products and services (467.8 million), construction (32.04 million), technology (123.36 million), special purpose acquisition companies (nil), financial services (88.74 million), property (95.89 million), plantation (20.61 million), real estate investment trusts (8.80 million), closed/funds (nil), energy (124.30 million), healthcare (174.71 million), telecommunications and media (27.96 million), transportation and logistics (22.08 million), and utilities (16.54 million).
Source: The Edge
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