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 14): Bursa Malaysia rebounded from Thursday's (Oct 13) loss to end the week on a positive note, with the benchmark index rising by 0.66% on renewed buying interest after Wall Street rallied overnight, an analyst said.
At 5pm on Friday, the benchmark FBM KLCI had risen by 9.11 points to 1,382.47, from Thursday's close at 1,373.36.
The barometer index opened 8.27 points higher at 1,381.63, and continued its uptrend throughout the day, trading between an intraday low of 1,381.34 and an intraday high of 1,391.38.
On the broader market, gainers led decliners 481 to 335, while 407 counters were unchanged, 1,123 untraded, and 19 others suspended.
Turnover widened to 2.25 billion units worth RM1.76 billion, against 2.03 billion units worth RM1.69 billion on Thursday.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng told Bernama that key regional markets also trended higher on Friday, taking their cue from the strong rebound on Wall Street after the release of US inflation data overnight.
"Traders perceived that US inflation might have peaked, after the country’s consumer price index in September remained high," he said.
On the home front, heavyweight Malayan Banking Bhd (Maybank) eased two sen to RM8.45, Public Bank Bhd earned three sen to RM4.20, and Petronas Chemicals Group Bhd climbed 10 sen to RM8.55. CIMB Group Holdings Bhd stayed flat at RM5.30, while IHH Healthcare Bhd added 12 sen to RM5.72.
Of the actives, Sapura Energy Bhd was unchanged at four sen and Top Glove Corp Bhd stayed flat at 69 sen, while MyEG Services Bhd advanced 5.5 sen to 84.5 sen. Citaglobal Bhd shaved half a sen to 26.5 sen, whereas Supermax Corp Bhd gained five sen to 82.5 sen.
On the index board, the FBM Emas Index added 59.80 points to 9,858.32, the FBM 70 climbed 63.56 points to 11,904.70, and the FBMT 100 Index gained 60.48 points to 9,607.46.
The FBM Emas Shariah Index strengthened 87.25 points to 9,854.79, while the FBM ACE gained 34.45 points to 4,652.10.
Sector-wise, the Financial Services Index was 10.16 points higher at 15,873.48, the Industrial Products and Services Index ticked up 1.37 points to 169.88, and the Plantation Index added 73.85 points to 6,421.87. The Energy Index perked up 0.74 of a point to 668.69.
The Main Market volume widened to 1.41 billion shares worth RM1.53 billion, versus 1.39 billion shares worth RM1.51 billion on Thursday.
Warrant turnover jumped to 382.09 million units valued at RM53.67 million, against 235.42 million units valued at RM39.46 million previously.
The ACE Market volume expanded to 465.02 million shares worth RM173.42 million, from 406.04 million shares worth RM139.86 million.
Consumer product and service counters accounted for 178.92 million shares traded on the Main Market, followed by industrial products and services (352.58 million), construction (39.22 million), technology (164.64 million), special purpose acquisition companies (nil), financial services (74.17 million), property (93.69 million), plantation (17.12 million), real estate investment trusts (8.95 million), closed/funds (2,000), energy (187.04 million), healthcare (229.12 million), telecommunications and media (24.77 million), transportation and logistics (20.18 million), and utilities (14.96 million).
Source: The Edge
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