KUALA LUMPUR: Despite opening higher at the start of the opening bell, the FBM KLCI succumbed to profit taking activities on Monday.
At closing, the FBM KLCI ended 3.83 points, or 0.24% lower at 1,608.42. The index opened 1.71 higher at 1,613.96 this morning.
In the broader market, losers thumped gainers 667 to 411 while 412 counters unchanged. About 5.82 billion shares, valued at RM3.35bil, changed hands.
Dealers said the key index snapped a three-session winning streak as investors locked in profits in telcos and selected heavyweights.
Petronas Gas fell 20 sen to RM15.90, Hartalega shed 19 sen to RM9.70 and Hong Leong Bank declined 18 sen to RM18.34.
Axiata fell 18 sen to RM3.93, Digi lost 15 sen to RM4.31, Telekom Malaysia shed seven sen to RM6.02 and Maxis declined one sen to RM4.79.
Axiata, Digi pull FBM KLCI higher thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR: Persistent buying support for glove makers helped drive the FBM KLCI to end on a firm note.
At 5pm, the FBM KLCI ended 1.81 points, or 0.11% higher at 1,602.40. The benchmark index, which opened 0.78 of-a-point lower at 1,599.81, moved between 1,609.39 and 1,596.64 throughout the day.
There were 569 stocks advancing against 505 stocks declining while 482 counters unchanged. About 7.59 billion shares, valued at RM4.89bil, changed hands.
Dealers said the performance of the local bourse was boosted by bargain hunting in healthcare stocks.
The gains in glove counters also pushed the Bursa Malaysia s Health Care Index to its highest in a month. The index surged 140.67 points, or 4.73% to 3,116.83.
KLCI steps back 1 11 points as glove counters retreat thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR: The FBM KLCI rebounded 0.58% today after seeing a sell down yesterday, mirroring the gains on regional markets.
At closing, the benchmark index advanced 9.13 points, or 0.58% to 1,582.64 after moving between 1,586.26 and 1,576.33. It opened 6.46 points higher at 1,579.97.
Gainers beat decliners on a ratio of 787-to-354 stocks. The local bourse saw a total of 7.92 billion shares worth RM3.71bil.
Dealers said bargain hunting activities emerged on Bursa Malaysia after a heavy selldown yesterday. They added that it was natural to see some bargain hunting coming in after the slump in prices.
Significant advancers on the broader market include Vitrox, Nestle, F&N, Rapid and MPI. Vitrox jumped 74 sen to RM15.68, Nestle added 50 sen to RM135.50, F&N rose 44 sen to RM30.44 and Rapid climbed 39 sen to RM7.90.