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 22): Bursa Malaysia ended trading mixed on Tuesday (Aug 22) on lack of buying momentum.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) edged up 0.96 of a point to 1,451.53, from 1,450.57 at Monday's (Aug 21) close, after opening 0.3 of a point better at 1,450.87.
The KLCI moved between 1,449.19 and 1,456.40 throughout the trading day.
On the broader market, losers surpassed gainers 490 to 432 while 426 counters were unchanged, 1,005 untraded and 13 others suspended.
Turnover stood at 3.31 billion units worth RM1.93 billion from Monday's 3.31 billion units worth RM2.24 billion.
Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the KLCI ended marginally higher on Tuesday in tandem with the positive performance across the region, with strong buying in technology and energy-related stocks.
"On the domestic front, we believe the market undertone will remain steady due to improving investor sentiment and reckon the index will stay positive, going forward, although profit-taking may take place, hence we are maintaining our FBM KLCI weekly target at between 1,440 and 1,460 at this juncture,” he added.
Of the heavyweights, Maybank Bhd gained two sen to RM9.01, Petronas Chemicals Group Bhd and Press Metal Aluminium Holdings Bhd both surged 11 sen to RM7.01 and RM4.90, respectively, Public Bank Bhd fell one sen to RM4.13, CIMB Group Holdings Bhd shed two sen to RM5.58, and TNB Bhd dipped eight sen to RM10.06.
Among the actives, CN Asia Corp Bhd jumped 8.5 sen to 27 sen, MyEg Services Bhd rose 2.5 sen to 81.5 sen, Widad Group Bhd edged up half a sen to 44 sen, Hong Seng Consolidated Bhd and UEM Sunrise Bhd both eased half a sen to 5.5 sen and 63 sen, respectively.
On the index board, the FBM Emas Index was 14.17 points higher at 10,697.98, the FBMT 100 Index climbed 14.54 points to 10,383.86, the FBM Emas Shariah Index rose 32.22 points to 10,933.17, the FBM 70 Index increased 52.05 points to 14,137.98, and the FBM ACE Index eased 5.34 points to 5,285.56.
Sector-wise, the Financial Services Index added 0.77 of a point to 16,268.23, the Industrial Products and Services Index perked up 1.04 points to 170.11, the Plantation Index advanced 10.58 points to 7,030.60, and the Energy Index shed 3.26 points to 811.27.
The Main Market volume was slightly lower at 2.33 billion units worth RM1.69 billion against Monday's 2.34 billion units worth RM2 billion.
Warrants turnover fell to 384.64 million units worth RM53.83 million from 400.55 million units worth RM59.88 million on Monday.
The ACE Market volume expanded to 582.76 million shares worth RM189.06 million from 527.89 million shares valued at RM179.13 million on Monday.
Consumer products and services counters accounted for 396.6 million shares traded on the Main Market, industrial products and services (508.46 million); construction (143.85 million); technology (466.97 million); SPAC (nil); financial services (69.89 million); property (397.88 million); plantation (32.84 million); REITs (10.1 million), closed/fund (10,400); energy (131.5 million); healthcare (47.75 million); telecommunications and media (45.14 million); transportation and logistics (40.32 million); and utilities (41.62 million).
Source: The Edge
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