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 (Oct 21): Bursa Malaysia ended the trading week higher against a backdrop of weak regional markets.
At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) settled 8.7 points higher at an intraday high of 1,446.42 from Thursday's close of 1,437.72.
The market bellwether opened easier by 2.33 points at 1,435.39 and reached an intraday low of 1,433.26, before picking up steam to close higher.
On a weekly basis, the benchmark index gained 63.95 points over the last five trading days.
On the broader market, gainers outpaced losers 400 to 388, while 591 counters were unchanged, 983 untraded and 19 others suspended.
Turnover decreased to 2.04 billion units worth RM1.51 billion against 2.71 billion units worth RM2.60 billion on Thursday.
Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said equity markets around the world had been very volatile recently as investors were worried that major economies would be pushed into recession before inflation is tamed.
Meanwhile, a strong US dollar and aggressive interest rate hike by the US Federal Reserve would create uncertainties in emerging markets, he told Bernama.
Among Bursa Malaysia's heavyweights, Malayan Banking Bhd (Maybank) increased six sen to RM8.66, Public Bank Bhd rose six sen to RM4.50, Petronas Chemicals Group Bhd jumped 10 sen to RM9, CIMB Group Holdings Bhd gained three sen to RM5.53, and IHH Healthcare Bhd fell nine sen to RM6.
Of the actives, Eduspec Holdings Bhd gained half sen to two sen, Hextar Industries Bhd climbed 2.5 sen to 54.5 sen, Vinvest Capital Holdings Bhd was two sen higher at 22 sen, Ta Win Holdings Bhd was flat at 5.5 sen, MyEG Services Bhd was unchanged at 83 sen, Borneo Oil Bhd eased half sen to two sen, and Top Glove Corp Bhd fell half sen to 83 sen.
On the index board, the FBM Emas Index expanded by 51.1 points to 10,220.9, the FBM 70 widened 35.6 points to 12,028.63, and the FBMT 100 Index improved 52.99 points to 9,970.46.
The FBM Emas Shariah Index bagged 33.69 points to 10,197.4, and the FBM ACE climbed 18.15 points to 4,801.27.
Sector-wise, the Financial Services Index soared 124.211 points to 16,511.08, the Industrial Products and Services Index rose 1.37 points to 175.76, the Plantation Index trimmed 32.38 points to 6,807.27, while the Energy Index decreased 3.73 points to 679.55.
The Main Market volume went down to 1.26 billion shares worth RM1.31 billion from 1.97 billion shares worth RM2.42 billion on Thursday.
Warrants turnover eased to 252.91 million units worth RM41.86 million from 290.39 million units worth RM50.74 million.
The ACE Market volume appreciated to 523.3 million shares worth RM162.39 million from 447.05 million shares worth RM125.28 million previously.
Consumer products and services counters accounted for 212.19 million shares traded on the Main Market, industrial products and services (368.64 million), construction (31.21 million), technology (115.7 million), SPAC (nil), financial services (78.35 million), property (126.7 million), plantation (33.48 million), REITs (64.39 million), closed/fund (3,000), energy (118.39 million), healthcare (107.49 million), telecommunications and media (21.6 million), transportation and logistics (30.56 million), and utilities (11.61 million).
Source: The Edge
Comments
Post a Comment