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.
The FTSE Bursa Malaysia KLCI (FBM KLCI) inched up by 0.07% to close at 1,595.48, supported by gains in key sectors. PMETAL stood out as the top gainer, bolstering market sentiment.
Key Market Indices
- FBM KLCI: 1,595.48 (+0.07%)
- FBM 70: 17,901.45 (+0.23%)
- FBM SCAP: 17,353.92 (+0.36%)
- FBM Emas Index: 12,148.03 (+0.14%)
FBM KLCI Highlights
- Top Gainer:$PMETAL (8869.MY)$ soared 6.47% to close at RM4.940.
- Top Loser:$RHBBANK (1066.MY)$ declined 2.96%, ending at RM6.560.
FBM 70 Movers
- Top Gainer:$SKPRES (7155.MY)$ surged 8.16% to close at RM1.060.
- Top Loser:$KOSSAN (7153.MY)$ dropped 3.63%, settling at RM2.390.
Malaysia REITs Performance
- Top Gainer:$ALSREIT (5269.MY)$ rose 2.78% to end at RM0.370.
- Top Loser:$ALAQAR (5116.MY)$ slipped 1.43%, closing at RM1.380.
Most Actively Traded Stock
- $CIMB (1023.MY)$ led trading activity with a turnover of RM147.84 million, but its share price eased 0.48% to RM8.210.
Investor Takeaway
- PMETAL’s significant gain of 6.47% signals strong interest in the industrial and commodities sectors.
- The broader market remains cautiously optimistic, with select stocks driving gains across indices.
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