Bursa Malaysia ends mixed, FBM KLCI rebounds to end on intraday high

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KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) rebounded from yesterday’s loss to end greater at the moment, with the important thing index advancing by 0.62 per cent pushed by discount looking actions, a seller mentioned.

However, on the broader market, losers surpassed gainers 454 to 332, whereas 421 counters have been unchanged, 1,069 untraded and eight others suspended.

At 5 pm, the FBM KLCI rose 8.74 factors to its intraday high of 1,420.06 versus Wednesday’s shut of 1,411.32.

The benchmark index which opened 2.49 factors decrease at its intraday low of 1,408.83, gained momentum within the mid-morning session and continued to rise till the ultimate hour of buying and selling day.

Total turnover superior to 2.01 billion items valued at RM1.20 billion towards 1.76 billion items valued at RM1.28 billion on Wednesday.

Rakuten Trade Sdn Bhd vice-president of fairness analysis Thong Pak Leng famous that the FBM KLCI remained in an oversold place after heavy sell-downs over the previous seven weeks.

Despite the optimistic shut at the moment, he mentioned investor sentiment remained jittery due to exterior elements corresponding to rising market dangers and volatility on world markets.

“As such, we anticipate the benchmark index to development sideways, barely optimistic biased inside the vary of 1,415-1,430 in the direction of the weekend,” he mentioned.

Among the heavyweights, Maybank and CIMB rose one sen to RM8.62 and RM5.10 respectively, Public Bank gained three sen to RM4.40, Petronas Chemicals added 15 sen to RM8.03 and IHH Healthcare gained two sen to RM6.44.

Of the actives, Metronic elevated two sen to 9 sen, TWL eased half-a-sen to six sen, Top Glove added one sen to RM1.02 and BSL Corporation ticked up 2.5 sen to 9.5 sen. – Bernama



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