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 (Aug 24): Bursa Malaysia ended marginally higher on Thursday (Aug 24) with the key index rising 0.32% on bargain hunting, in sync with the upbeat regional market performance as foreign funds return to the region.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 4.56 points to 1,444.67 from 1,440.11 at Wednesday's (Aug 23) close.
The barometer index opened 1.41 points better at 1,441.52, its intraday low, and moved to an intraday high of 1,446.75 just minutes before trading ended.
On the broader market, gainers outpaced losers 500 to 421, while 416 counters were unchanged, 1,014 untraded and 30 others suspended.
Turnover increased to 3.53 billion units worth RM1.91 billion from Wednesday's 3.23 billion units worth RM1.97 billion.
Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the key regional indices were also in positive territory following the upbeat mode on Wall Street overnight and the return of foreign funds to the region.
"Investors hold a positive outlook, believing that the US Federal Reserve (Fed) has concluded its interest rate hikes for this cycle and anticipating the Fed to commence rate reductions in the early months of the upcoming year.
"Back home, we maintain our optimistic view on the local stock market in the mid-term, buoyed by the inflow of foreign funds and recovering economic conditions. We anticipate the benchmark index to trend within the 1,440-1,450 range towards the weekend,” he said.
Regionally, the Singapore's Straits Times Index improved 0.21% to 3,180.72, Japan's Nikkei 225 Index expanded 0.87% to 32,287.21, Hong Kong's Hang Seng Index jumped 2.05% to 18,212.17, China’s SSE Composite Index rose 0.12% to 3,082.24, while Indonesia's Jakarta Composite Index slipped 0.32% 6,899.39.
Bursa Malaysia heavyweights, Maybank Bhd gained two sen to RM9.01, TNB Bhd perked up one sen to RM10, Petronas Chemicals Group Bhd advanced five sen to RM6.85, Public Bank Bhd and CIMB Group Holdings Bhd were flat at RM4.08 and RM5.58, respectively, and Petronas Gas Bhd shed 10 sen to RM17.04.
Among the
actives, Velesto Energy Bhd, MyEG Services Bhd and Glostrext Bhd all
added half a sen each to 24 sen, 81 sen and 25 sen, respectively, Sapura
Energy Bhd was flat at five sen, Hong Seng Consolidated Bhd eased half a
sen to five sen, RGB international Bhd fell 3.5 sen to 37.5 sen, while
CN Asia Corp Bhd eased one sen to 23 sen.
On the index board, the FBM Emas Index increased 32.68 points to
10,668.58, the FBMT 100 Index improved by 31.31 points to 10,350.09, the
FBM Emas Shariah Index put on 51.96 points to 10,911.75, the FBM 70
Index climbed 37.16 points to 14,156.73, and the FBM ACE Index gained
29.64 points to 5,314.78.
Sector-wise, the Financial Services Index rose 3.95 points to 16,186.94, the Industrial Products and Services Index edged up 0.49 of a point to 168.84, the Plantation Index expanded by 35.24 points to 6,998.32, and the Energy Index eased 0.06 of a point to 823.72.
The Main Market volume went up to 2.36 billion units worth RM1.6 billion from 2.16 billion units worth RM1.70 billion on Wednesday.
Warrants turnover swelled to 420.48 million units worth RM65.37 million from 364.58 million units worth RM46.19 million on Wednesday.
The ACE Market volume surged to 746.82 million shares to RM240.07 million against Wednesday's 364.58 million shares worth RM46.19 million previously.
Consumer products and services counters accounted for 478.43 million shares traded on the Main Market, industrial products and services (440.28 million); construction (97.12 million); technology (421.62 million); SPAC (nil); financial services (54.68 million); property (230.08 million); plantation (34.22 million); REITs (9.33 million), closed/fund (67,400); energy (427.22 million); healthcare (46.53 million); telecommunications and media (30.74 million); transportation and logistics (45.37 million); and utilities (44.23 million).
Source: The Edge
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