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 12): Bursa Malaysia continued its downtrend to end lower on Wednesday (Oct 12), due to a lack of buying interest, as investors were cautious amid global economic uncertainties and US inflation data due this week, an analyst said.
At 5pm, the benchmark FBM KLCI settled 6.25 points, or 0.45%, lower at 1,380.57, from Tuesday's close at 1,386.82.
The barometer index opened 1.46 points higher at 1,388.28, before turning negative in the mid-morning, and stayed in negative territory during the afternoon session. It was traded between an intraday low of 1,376.54 and an intraday high of 1,391.47.
On the broader market, decliners surpassed gainers 490 to 344, while 384 counters were unchanged, 1,140 untraded, and 17 others suspended.
Turnover narrowed to 1.85 billion units worth RM1.56 billion, from 2.35 billion units worth RM1.86 billion on Tuesday.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said regional key indices were mixed, as investors were cautious ahead of inflation data from the US due this week.
On the home front, he said the short-term sentiment remained jittery, due to various external factors, although bargain-hunting might emerge going forward.
"We anticipate the KLCI to trend sideways, with an upside bias for the remainder of the week, within the region of 1,375-1,400," he told Bernama.
Among the heavyweight counters, Malayan Banking Bhd (Maybank) rose seven sen to RM8.51, Public Bank Bhd added two sen to RM4.22, and CIMB Group Holdings Bhd went up one sen to RM5.30.
Petronas Chemicals Group Bhd inched down four sen to RM8.55, and IHH Healthcare Bhd fell 11 sen to RM5.54.
Of the actives, Citaglobal Bhd gained 3.5 sen to 28.5 sen, Top Glove Corp Bhd rose one sen to 63.5 sen and Privasia Technology Bhd too increased by one sen to 12 sen, while NWP Holdings Bhd gave up half a sen to 23 sen and MyEG Services Bhd too lost half a sen to 88 sen.
On the index board, the FBM Emas Index trimmed 48.47 points to 9,852.40, the FBM 70 went down 93.41 points to 11,939.36, and the FBMT 100 Index contracted 50.98 points to 9,604.01.
The FBM Emas Shariah Index dropped 89.15 points to 9,821.63, and the FBM ACE reduced 21.47 points to 4,631.37.
Sector-wise, the Financial Services Index was 38.63 points higher at 15,923.77, while the Industrial Products and Services Index eased by 1.35 points to 169.24.
The Plantation Index slipped 11.23 points to 6,364.52, and the Energy Index shaved 0.98 of a point to 674.78.
The Main Market volume narrowed to 1.11 billion shares worth RM1.37 billion, versus 1.48 billion shares worth RM1.62 billion on Tuesday.
Warrant turnover rose to 364.45 million units valued at RM48.22 million, from 343.11 million units valued at RM53.76 million previously.
The ACE Market volume decreased to 375.39 million shares worth RM140.89 million, against 521.01 million shares worth RM184.89 million on Tuesday.
Consumer product and service counters accounted for 174.28 million shares traded on the Main Market, followed by industrial products and services (316.96 million), construction (39.52 million), technology (111.73 million), special purpose acquisition companies (nil), financial services (71.75 million), property (76.25 million), plantation (23.03 million), real estate investment trusts (5.18 million), closed/funds (100), energy (132.58 million), healthcare (86.28 million), telecommunications and media (32.77 million), transportation and logistics (24.58 million), and utilities (10.49 million).
Source: The Edge
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