KUALA LUMPUR, June 19 — Bursa Malaysia recovered from earlier losses to end higher on mild bargain hunting and in tandem with most regional markets. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.35 points or 0.16 per cent to end the day at 1,507.26 from yesterday’s close of...
Bursa Malaysia recovered from earlier losses to end higher on mild bargain hunting and in tandem with most regional markets. — Picture by Ahmad Zamzahuri
The index opened 6.95 points weaker at 1,497.96 and moved between 1,496.79 and 1,512.94 throughout the trading session. In a note earlier today, Malacca Securities Sdn Bhd said volatility would remain a feature over the near term as investors were quick to lock in gains on any signs of negativity, with sentiment turning slightly risk averse for the time being, resulting in declining trading volumes.
Of the most actives, Prestariang climbed six sen to 54.5 sen, Minetech and Hibiscus Petroleum both advanced two sen to 33 sen and 67 sen, respectively, while MQ Technology and AT Systematization added one sen each to five sen and 13.5 sen, and KNM edged down half-a-sen to 24.5 sen. Sector-wise, the Industrial Products and Services Index added 0.47 of-a-point to 135.19, the Plantation Index climbed 84.15 points to 6,797.55 and the Financial Services Index dipped 96.52 points to 12,978.25.
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