KUALA LUMPUR, Oct 20 (Bernama) -- Bursa Malaysia’s benchmark index edged higher at the close as bargain hunting emerged following Monday’s sharp sell-off, although it narrowly failed to reclaim the 1,600 level, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 3.83 points, or 0.24 per cent, to 1,599.58 from Monday’s close of 1,595.75. The index opened 3.18 points lower at 1,592.57, marking its intraday low, and reached an intraday high of 1,602.83 in early trading. On the broader market, decliners outnumbered gainers 751 to 331, while 499 counters were unchanged, 1,259 untraded and 10 suspended. Turnover rose to 2.86 billion units worth RM2.42 billion against Monday’s 2.49 billion units worth RM2.38 billion.
The FTSE Bursa Malaysia KLCI (FBM KLCI) slipped slightly by 0.11%, closing at 1,602.34. Despite the overall index decline, select stocks showed robust performances, with SUNWAY emerging as the top gainer.
Key Market Indices
- FBM KLCI: 1,602.34 (-0.11%)
- FBM 70: 17,918.15 (+0.30%)
- FBM SCAP: 17,188.85 (+0.19%)
- FBM Emas Index: 12,176.11 (+0.03%)
FBM KLCI Highlights
- Top Gainer:$SUNWAY (5211.MY)$ surged 2.75% to close at RM4.850.
- Top Loser:$PMETAL (8869.MY)$ declined 1.71%, ending at RM4.610.
FBM 70 Movers
- Top Gainer:$AEON (6599.MY)$ rose 3.55% to close at RM1.460.
- Top Loser:$SOP (5126.MY)$ dropped 2.35%, settling at RM3.330.
Malaysia REITs Performance
- Top Gainer:$ARREIT (5127.MY)$ gained 1.39% to end at RM0.365.
- Top Loser:$ALSREIT (5269.MY)$ fell sharply by 5.00%, closing at RM0.380.
Most Actively Traded Stock
- $MAYBANK (1155.MY)$ led the activity charts with a turnover of RM113.28 million, but its share price slipped 0.97% to RM10.240.
Investor Takeaway
- SUNWAY outperformed, signaling potential interest in construction and property development sectors.
- Investors remained cautious as the FBM KLCI closed lower, reflecting a mixed sentiment across sectors.
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