FBM KLCI closes marginally 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: The FBM KLCI rebounded from recent losses despite weak market sentiment on the broader market.
At closing, the benchmark index ended up 7.28 points, or 0.45% to 1,607.57, its intraday high. The index opened 0.14 of-a-point higher at 1,600.43 this morning.
Broader market sentiment stayed cautious with 575 losers and 506 gainers, while 413 counters traded unchanged. Trading volume was 8.16 billion shares valued at RM4.08bil.
Dealers said broader market sentiment remained weak as investors remained on tenterhooks on the rising Covid-19 cases. They expect the local bourse to extend its sideways move.
According to data on Bursa Malaysia, foreign funds sold RM142mil worth of local equities on Monday. Local institutions acquired RM137mil equities while retailers bought RM47mil worth of equities on Bursa Malaysia.
KUALA LUMPUR: While the FBM KLCI swung into positive territory in chopping trade, the broader-market breadth indicated most stocks are losing ground.
At 5pm, the 30-stocks index closed 8.16 points, or 0.51% higher at 1,606.25. The index opened 1.53 points firmer at 1,599.81 this morning.
Market breadth turned negative as losers outnumbered advancers on a ratio of 801-to-323 stocks. Traded volumes stood at 6.49 billion shares valued at RM4.73bil.
Meanwhile, 13 of the FBM KLCI component stocks traded higher while 17 closed lower. added 68 sen to RM10.70, Hartalega ended 53 sen higher at RM10, Petronas Dagangan gained 52 sen to RM20.18, Supermax rose 50 sen to RM5.10 and Top Glove advanced 31 sen to RM5.44.
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.