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KLCI rebounds on stronger buying interest

KLCI rebounds on stronger buying interest

KUALA LUMPUR: The FBM KLCI ended the day higher on Tuesday, in line with the positive performance of regional bourses.

At closing, the 30-stock index advanced 6.67%, or 0.44% to 1, 519.56 on strong interest in Petronas-linked stocks as well as gloves stocks.

In the broader market, gainers outnumbered decliners 506 to 412, while 476 counters remained unchanged. Turnover stood at 4.54 billion shares worth RM2.53bil.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1%, its best daily gain since late June, Reuters reported.

Asian bourses closed higher today, with Japan’s Nikkei 225 added 0.52%, South Korea’s Kospi rose 0.77%, Hong Kong’s Hang Seng jumped 1.63%, China’s Shanghai Composite advanced 0.53%.

On Bursa Malaysia, Genetec was the top gainer, jumping RM1.88 to RM18.58, followed by Nestle, which climbed RM1.20 to RM134.20, and MPI, which rose 64 sen to RM40.90.

Bursa Malaysia Securities has issued an unusual market activity (UMA) query to Genetec following the sharp rise in its share price and trading volume recently.

UMS shed 24 sen to RM2.78, Aeon Credit lost 20 sen to RM12 and Panasonic Manufacturing fell 16 sen to RM32.72.

Among the KLCI constituents, Petronas Dagangan climbed 20 sen to RM19.08, Petronas Gas rose 12 sen to RM15.68, Hartalega advanced 25 sen to RM7.11 and Top Glove rose six sen to RM3.77.

MR DIY fell 15 sen to RM3.43 and RHB Bank lost four sen to RM5.24. IOI Corp, Genting and Tenaga lost two sen each to RM3.68, RM4.78, and RM9.66 respectively.

Meanwhile, the ringgit was quoted at 4.1925, down 0.02% against the US dollar.

US light crude oil rose 55 cents to US$74.65 and Brent added 54 cents to US$75.70 per barrel.

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