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.
KUALA LUMPUR (Aug 2): Bursa Malaysia erased Monday's (Aug 1) gains to finish in the negative territory on Tuesday, succumbing to profit-taking in selected plantation counters and in line with the weaker regional market performance. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 7.02 points or 0.47% weaker to close at 1,495.05 from Monday’s close of 1,502.07. The benchmark index, which opened 0.74 of-a-point lower at 1,501.33, moved between 1,490.72 and 1,503 throughout the day. Market breadth was negative with 698 losers against 228 gainers, while 363 counters were unchanged, 954 untraded, and 18 others suspended. Total turnover increased to 2.85 billion units worth RM1.59 billion from 2.38 billion units worth RM1.49 billion on Monday. Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng told Bernama that regionally, the key indices also closed sharply lower following the mildly negative cues from global markets overnight, amid declining oil p...