Hottest Online News Portal

BURSA MALAYSIA: FBM KLCI Opens Marginally Higher

in Latest/Slider

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) opened marginally higher on the year’s last day of trading, lifted by mild buying momentum in selected heavyweights.

At 9.15 am, the benchmark index rose 1.98 points to 1,695.12, after opening 0.64 point lower at 1,692.5.

JF Apex Securities said the FBM KLCI is expected to retreat with immediate support at 1,670 points Thursday.

“The US markets tumbled overnight after oil prices dropped. Similarly, European stocks declined as oil and commodities prices resumed their decline,” it said in a note today.

Brent crude oil settled 2.90 per cent lower at US$37.11 per barrel on Wednesday.

For the local heavyweights, Maybank and Petronas Chemicals gained three sen each to RM8.48 and RM7.27 respectively, TNB added two sen to RM13.28, Public Bank was flat at RM18.56 and Sime Darby declined two sen to RM7.80.

Among actives, Talam Transform was one sen higher at 6.5 sen, Konsortium Transnasional rose two sen to 24 sen, Kim Teck Cheong Consolidated edged up half-a-sen to 41.5 sen and Hubline was flat at one sen.

Market breadth was positive with gainers leading losers 135 to 106, with 170 counters unchanged, 1,328 untraded and 27 others suspended.

Turnover stood at 100.41 million shares worth RM35.37 million.

On the scoreboards, the FBM Emas Index bagged 15.43 points to 11,801.18, the FBMT100 Index improved 15.08 points to 11,478.11 and the FBM Emas Shariah Index was up 15.50 points to 12,793.17.

The FBM Ace grew 31.89 points to 6,362.48 and the FBM 70 gained 23.05 points to 13,107.27.

On a sectoral basis, the Finance Index appreciated 17.66 points to 14,204.45, the Plantation Index increased 41.98 points to 7,622.55 and the Industrial Index fell 14.78 points to 3,260.34.


Latest from Latest

Go to Top