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, April 10 (Bernama) -- Bursa Malaysia rebounded sharply to close higher today, with the benchmark index rising 4.47 per cent, amid improved market sentiment across the region following the United States (US) tariff pause announcement.
At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 62.54 points to 1,463.13 from Wednesday’s close of 1,400.59.
The benchmark index opened 63.71 points higher to 1,464.30, then retreated a low of 1,453.13 after 15 minutes of trading before continuing to trend to a high of 1,473.36 at mid-morning and maintained its positive momentum towards closing.
Market breadth was positive, with gainers overwhelming decliners 1,075 to 183, while 261 counters were unchanged, 847 untraded, and 10 suspended.
Turnover expanded to 4.41 billion units valued at RM3.81 billion compared to 3.77 billion units valued at RM3.79 billion on Wednesday.
UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said the FBM KLCI recovery was broad-based across all index components, reflecting improved investor sentiment following an overnight rally on Wall Street.
"The catalyst behind the renewed optimism was US President Donald Trump’s decision to delay the implementation of higher reciprocal tariffs, which offered temporary relief to global markets.
"However, the existing 10 per cent tariffs remain in effect and continue to pose downside risks to market stability," he told Bernama.
In addition, Mohd Sedek said investor focus will shift to the release of US Consumer Price Index (CPI) data and weekly jobless claims later tonight.
Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng advised investors to stay alert, given the evolving nature of the tariff situation and the uncertainty surrounding Trump’s shifting trade policy.
"We anticipate the benchmark index to trend within the range of 1,419-1,480 towards the weekend," he added.
Among heavyweights, Maybank jumped 49 sen to RM9.99, Public Bank rose 16 sen to RM4.25, Tenaga Nasional climbed 48 sen to RM13.30, CIMB bagged 56 sen to RM6.91, and IHH Healthcare gained nine sen to RM6.80.
For the actives, MYEG rose eight sen to 83.5 sen, Top Glove garnered nine sen to 91 sen, Inari Amertron jumped 27 sen to RM1.72, Supermax put on 4.5 sen to 85 sen, and SumiSaujana edged up one sen to 19 sen.
Source: Bernama
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