KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
The Malaysian stock market ended in the red on Friday, Dec 20, 2024, with major indices closing lower.
Key Index Performance
- FBM KLCI: 1591.410 (-0.54%)
- FBM 70: 18377.470 (-0.31%)
- FBM SCAP: 17503.590 (-0.06%)
- FBM Emas: 12222.940 (-0.44%)
FBM KLCI Movers
- Top Gainer:
- PPB (4065.MY): +2.19% to close at RM12.140.
- Top Loser:
- PETDAG (5681.MY): -4.23% to end at RM19.020.
FBM 70 Movers
- Top Gainer:
- HEXTECH (5136.MY): +6.54% to close at RM1.140.
- Top Loser:
- TOPGLOV (7113.MY): -5.71% to close at RM1.320.
Malaysia REITs Movers
- Top Gainer:
- IGBREIT (5227.MY): +3.81% to close at RM2.180.
- Top Loser:
- AXREIT (5106.MY): -1.14% to close at RM1.730.
Most Actively Traded Stock
- YTL (4677.MY):
- Gained 1.18% to close at RM2.580.
- Recorded a turnover of RM323.26 million.
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