KUALA LUMPUR, Dec 4 (Bernama) -- Bursa Malaysia rallied to close broadly higher on Wednesday amid strong buying interests mainly in utility and technology stocks, with the benchmark index gaining 0.44 per cent. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.13 points to 1,614.09 from Tuesday’s close of 1,606.96. The index opened marginally higher at 1,606.97 and moved between 1,606.53 and 1,616.03 throughout the day. Advancers thumped decliners 727 to 381 on the broader market, with 522 counters unchanged, 781 untraded and 10 suspended. Turnover advanced to 3.60 billion units valued at RM3.30 billion versus 3.32 billion units valued at RM3.30 billion on Tuesday.
Technology stocks on Bursa Malaysia opened lower Thursday, mirroring losses in US tech stocks a day earlier. The Nasdaq Composite fell 0.6%, while the S&P 500 and Dow Jones dropped 0.4% and 0.3%, respectively, as investors remained cautious over the Federal Reserve's next move following an inflation report.
At home, the Bursa Malaysia technology index declined 0.47% or 0.28 points, weighed down by heavyweights:
- Genetech Technology Bhd fell 2.6% to RM1.14 with 218.24 million shares traded, the most active stock.
- Notion VTech Bhd dipped 0.83% to RM1.19 with 180.89 million shares traded.
- Globetronics Technology Bhd dropped 3.4% to 57 sen on 65.81 million shares traded.
- JCY International Bhd slipped 2.5% to 39.5 sen with 53.1 million shares traded.
- Microlink Solutions Bhd fell 17.4% to 9.5 sen, while Inari Amertron Bhd slid 1.35% to RM2.93.
Among top losers, Malaysian Pacific Industries Bhd dropped 0.58% to RM23.86.
However, Cuscapi Bhd bucked the trend, rising 5.4% to 19.5 sen with 5.56 million shares traded, signaling isolated gains amid broader market weakness.
Investors remain cautious heading into the Thanksgiving holiday, which will shorten US market hours on Friday.
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