Bursa Malaysia ends higher on strong buying interest

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KUALA LUMPUR: Bursa Malaysia ended higher on Thursday with strong buying interest in chosen sectors significantly banking, plantation and oil and gasoline, an analyst mentioned.

At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) superior 0.89 per cent, or 13.46 factors, to 1,525.73 from 1,512.27 at Monday’s shut.

The key index, which opened 3.65 factors higher at 1,515.92, moved between 1,515.25 and 1,526.62 all through the session.

Overall market breadth was constructive with gainers outpacing losers 563 to 269, whereas 358 counters have been unchanged, 1,016 untraded, and 11 others suspended.

Total turnover improved to 2.05 billion items valued at RM1.62 billion versus 1.21 billion items price RM1.09 billion recorded throughout Monday’s half-day session.

Rakuten Trade Sdn Bhd vice-president of fairness analysis Thong Pak Leng mentioned in the meantime, key regional markets closed combined regardless of the stable efficiency on Wall Street as traders are staying cautious on company earnings and assessing how corporations coping with inflation are shifting ahead.

“We imagine the route of the native market continues to be very a lot dependent on regional​​ volatility.

“As such, we anticipate the index to maneuver inside the 1,520-1,530 area in the direction of the weekend, with speedy resistance at 1,530 and assist at 1,500,” he informed Bernama.

Regionally, Singapore’s Straits Times Index rose 2.04 per cent to three,315.99, Japan’s Nikkei 225 eased 1.06 per cent to 27.241.31, and Hong Kong’s Hang Seng Index elevated 1.07 per cent to 23,802.26.

Among the heavyweights, Maybank improved 5 sen at RM8.32, Public Bank inched up two sen to RM4.23, Petronas Chemicals added one sen to RM8.90, IOI Corp superior 10 sen to RM3.89, whereas KL Kepong slipped 12 sen to RM21.48.

Of the actives, G3 Global and SMTrack each gained half-a-sen to eight.5 sen and 16.5 sen, respectively, Dagang Nexchange rose 4 sen to 98 sen, and Coraza perked up 5.5 sen to 95 sen. – Bernama



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