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Market Daily Report: Buying In Consumer Stocks Helps Bursa Malaysia Close Slightly Higher

KUALA LUMPUR, June 18 (Bernama) -- Bursa Malaysia’s key index finished marginally higher, supported by strong buying interest in consumer-related counters, amid mixed performance across regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 1.40 points, or 0.08 per cent, to 1,711.39 from Tuesday's close of 1,709.99.  The key index opened 12.36 points firmer at 1,722.35 and moved between 1,711.31 and 1,722.63 throughout the session. Market breadth was negative, with losers leading gainers 678 to 493, while 549 counters were unchanged, 1,016 untraded and 34 suspended. Turnover increased to 4.50 billion units worth RM3.45 billion from 3.93 billion units worth RM3.45 billion on Tuesday.

Malaysia Market Opens Higher

 Malaysian stocks rose 0.3% in early Tuesday trading, with the FTSE Bursa Malaysia KLCI climbing to 1,620.20.

Genting Malaysia led the gains, jumping 8.9%, followed by parent Genting Bhd, which advanced 3.8%, and Petronas Chemicals Group, up 2.2%.

On the downside, Unisem (M) fell 2.2%Malakoff declined 1.9%, and Hartalega Holdings eased 1.6%.

In currencies, the US dollar held steady at MYR 4.23, while the 10-year Malaysian government bond yield slipped 1.5 basis points to 3.47%.

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